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US domestic fares return to 1999 levels in 1Q2010

29-Jul-2010 1:42 PM

US Bureau of Transportation Statistics (BTS) reported (28-Jul-2010) the average domestic air fare rose 4.1% year-on-year to USD328 for the three months ended 31-Mar-2010, the second highest March quarter since 2001. Details include:

Air Transport Association of America: “This is a positive sign for recovery, not just in the airline sector but across the broader economy as well, today’s news about increasing fare levels should  be kept in perspective; not only are the airlines nowhere near recovering from devastating losses, airfares have not come close to keeping pace with inflation,” James May, President and CEO. Source: Air Transport Association of America, 28-Jul-2010.