Study: Average airfare costs drop year-over-year?

Study: Average airfare costs drop year-over-year?

eTurboNews Syndication:

According to the CompareCards report on airfare costs, the common airfare at 19 of the 100 largest U.S. airports increased year-over-year actually. The 2018 average domestic itinerary airfare of $350 was the cheapest (adjusted for inflation) annual fare since such records were kept in 1995, down 1.8% from the prior low of $356 in 2017. However, the expense of flying hasn’t everywhere decreased.

Airports with Largest Upsurge in Average Airfare

Rank

Airport

2018
Average
Airfare

2017 Average
Airfare

Percent Change

1

Chicago Midway
International

$306.36

$287.45

6.58%

2

Long Beach Airport

$216.14

$206.28

4.80%

3

Chicago O’Hare
International

$339.36

$325.67

4.20%

4

Dallas/Fort Worth
International

$384.35

$372.55

3.20%

5

James M Cox/Dayton
International

$421.64

$409.24

3.00%

Airports with Largest Reduction in Average Airfare

Rank

Airport

2018
Average
Airfare

2017 Average
Airfare

Percent Change

1

Long Island
MacArthur

$261.18

$319.39

-18.20%

2

Syracuse Hancock
International

$386.85

$435.29

-11.10%

3

Portland
International Jetport

$364.69

$405.49

-10.10%

4

Jacksonville
International

$361.39

$394.53

-8.40%

5


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Savannah/Hilton
Head International

$378.65

$411.48

-8.00%

Top 5 PRICIEST US Airports

Rank

Airport

2018
Average
Airfare

2017 Average
Airfare

Percent Change

1

Dane County Regional-
Truax Field

$462.84

$496.78

-6.80%

2

Ted Stevens Anchorage
International

$451.61

$441.65

2.30%

3

McGhee Tyson

$449.20

$465.76

-3.60%

4

Birmingham-
Shuttlesworth
International

$444.61

$469.68

-5.30%

5

Piedmont Triad
International

$435.89

$449.11

-2.90%

Key Findings:

  • Average airfare costs were in 81 of the 100 largest airports down, but there have been some exceptions. Chicago-Midway airport saw the biggest uptick in average airfare, increasing by nearly 7% from 2017 to 2018, while Chicago’s O’Hare jumped 4%.
  • Long Island MacArthur Airport in Long Island, Syracuse Hancock International and Portland International Airport had the biggest decreases in average airfare costs. In all of those airports average airfare costs fell by over 10%.
  • In general, flying from the largest airports including Dallas/Fort Worth, Ronald Reagan Washington National, Phoenix and laguardia Sky Harbor International was more expensive in 2018 in comparison to 2017.

Tips to Offset Travel Costs:

  • Travel Rewards Credit Cards: Some cardholder perks can include free checked bags, companion passes, travel credits & airport lounge usage of name a few
  • Plan ahead: airfares have a tendency to increase before the departure date, so its far better start searching for flights well before flying
  • Flexibility with airports, dates, and amount of stops: Being flexible about where so when you fly could mean big savings.
  • Travel light in order to avoid baggage fees along with other costs. If you’re not obtaining a free bag benefit by way of a credit card, try limiting the real amount of bags you check. Also, pack snacks for the flight.

“Flexibility may be the key as it pertains right down to keeping travel costs,” said CompareCards Chief Industry Analyst Matt Schulz. “If you’re not linked with a particular airport, airline or group of dates and you also may be ready to go a bit from your solution to get where you’re going, it is possible to really down keep costs. Charge card rewards might help, too, cards with points that aren&rsquo especially;t linked with any particular airline.”

Author: George Taylor

Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.