US airfares set record high fares last year
The bad news: average domestic airfares of $364 last year set a record. The good news: adjusted for inflation, they were significantly below the 2000 peak.
The airlines predictably blame last year’s 28% jump in fuel costs.
That $364 figure was an 8.3% increase over 2010, said a report by the Bureau of Transportation Statistics. The previous record high was $346 in 2008.
Higher prices should continue and the US’s largest airline shave already approved three far hikes this year.
"I can’t remember paying this much," said George Hobica, founder of Airfarewatchdog, told the LA Times. "I think we will see incremental increases until passengers scream ‘No more!’"
Industry representatives also say that because of higher fuel costs and other expenses, the nation’s airlines reported a profit margin of only 0.3% last year.
By David Wilkening
David
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.
































Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025