Loading ...According to recently released statistics, the average US domestic fare in the second quarter was nearly identical to ticket prices more than a decade ago, .
The average fare for a domestic trip from April to June was $301, down 13 % from a year earlier and the steepest year-over-year dip in nearly 15 years, the US Department of Transportation’s Bureau of Transportation Statistics reports.
Before this year, the biggest year-over-year drop was between the fourth quarter of 2000 and the fourth quarter of 2001, after the twin tower attacks of Sept. 11. The average price of a domestic trip slipped 11.8 percent then, according to the bureau.
George Hobica of Airfarewatchdog.com said of airlines cutting the number of available seats to match reduced passenger demand:
“They thought if they reduced capacity they’d be able to maintain pricing power,” “But … the worsening of the economy surpassed what they could accomplish with capacity cuts. So they found themselves with empty seats.”
To fill them, , “Airfares were in free fall from November … and the discounting never stopped” Rick Seaney, CEO of FareCompare.com, told USA Today.
A drop in the number of business travellers, whose premium-priced tickets could normally make up for some cheaper seats going empty, compelled airlines to chase after holiday makers.
However, fares have since started to move up.
A client in Surrey asked us to review annual banking charges of £103k that included cash processing costs of
Just as organisations need to retain and sell more to existing customers to grow, business success is highly dependent