Airfares continue to rise, up 12 percent since '09

Discussion in 'General Discussion | Travel' started by Newscience, Jan 16, 2014.  |  Print Topic

  1. Newscience

    Newscience Gold Member

    Messages:
    14,694
    Likes Received:
    45,079
    Status Points:
    16,475
    Airfares continue to rise, up 12 percent since '09

    Cost of flying keeps climbing: Airfares rise 12 percent in 5 years, not counting extra fees
    [​IMG]
    By Scott Mayerowitz, AP Airlines Writer

    NEW YORK (AP) -- The price to board an airliner in the United States has risen for the fourth straight year, making it increasingly expensive to fly almost anywhere.

    The average domestic roundtrip ticket, including tax, reached $363.42 last year, up more than $7 from the prior year, according to an Associated Press analysis of travel data collected from millions of flights throughout the country.

    Read the entire article here:

    http://finance.yahoo.com/news/airfares-continue-rise-12-percent-192623230.html
     
    adrianors, MX and MSYgirl like this.
  2. Bill Hunt

    Bill Hunt Silver Member

    Messages:
    249
    Likes Received:
    257
    Status Points:
    450
    Well, many costs have also gone up, since 2009.

    This is not new to me, but we still book because of schedules and airplanes, and just absorb the increased costs. We do not shop for the cheapest fares.

    Luckily, due to our status with several airline's programs, we almost never encounter any additional costs - but we fly a lot.
     
    adrianors and Newscience like this.
  3. Newscience

    Newscience Gold Member

    Messages:
    14,694
    Likes Received:
    45,079
    Status Points:
    16,475
    FWIW, using the federal government's calculator for inflation for the past 5 years shows about 8.6% inflation rate during this time:

    http://www.bls.gov/data/inflation_calculator.htm

    Although oil prices have been all over the place during the last decade, there has in general been a commensurate rise in oil prices during the last 5 years. And so a ~3.4% increase in air travel expenses over the past 5 years is not so huge, but, given the extra fees now put in place by airlines, air travel has definitely become more costly.

    At the same time, some folks might be surprised that some of the extra airline fees actually help to keep the overall ticket prices from becoming more expensive, see:

    http://www.fool.com/investing/general/2013/09/30/airlines-boost-revenue-by-selling-more-extras.aspx
     
  4. adrianors

    adrianors Silver Member

    Messages:
    254
    Likes Received:
    334
    Status Points:
    485
    And while that goes up.. the service goes down..
     
    Newscience likes this.
  5. WilliamQ

    WilliamQ Gold Member

    Messages:
    4,509
    Likes Received:
    14,289
    Status Points:
    10,675
    More demand (reduced flights) + Less choices = Higher fares ?
     
    Newscience likes this.

Share This Page