Cirium’s Airfare Data Shows Increases in Economy Airfares in 2023 in North America and Europe With a Decrease in Transatlantic Business Class Fares
2024年3月28日 - 7:37PM
ビジネスワイヤ(英語)
- U.S. domestic airfare has increased 9% compared to 2019, but
lower than 19% increase in U.S. Consumer Price Index over the
period
- Intra-European airfare up 12% compared to 2019
- Transatlantic business class airfare down 3% compared to
2019
- U.S. domestic airfare fell 4% between August and December
2023
Cirium, the leading aviation analytics company, analysed airfare
trends for 2023, using Cirium FM Traffic. Economy airfare has
generally increased since 2023 in North America and Europe, but
lower than the U.S. inflation rate.
“While airfare has risen in nominal terms in U.S. and Europe,
consumers will appreciate that the increases are less than other
consumables,” said Jeremy Bowen, CEO of Cirium. “Cirium’s data
teams will continue to monitor the impact on fares of increased
capacity in the market, despite challenges related to the
availability of aircraft, be it due to groundings, engine issues,
or supply chain constraints.”
Cirium analysed airfare for the U.S. domestic market (including
13 U.S. airlines), intra-European travel, and the Transatlantic
market. The data is non-directionally averaged, in U.S. dollars,
not including taxes and fees. Unless otherwise noted, the fares
indicated are for economy class.
U.S. Domestic Airfare The average U.S. domestic airfare
by the 13 airlines was $179.25 in 2023, an increase of 9% since the
2019 average of $164.63. Notably, Cirium also analyzed changes in
the U.S. Consumer Price Index from data provided by the Bureau of
Labor Statistics, where the inflation rate between 2019 and 2023
was 19%. Accordingly, airfare has risen less than other consumables
— 10% lower in real terms.
Beginning in August 2023, airfare decreased by approximately 4%
compared to the equivalent months in 2022. Fares in December 2023
were 9% lower than December 2022. The U.S. domestic airfare data
includes Alaska Airlines, Allegiant Air, American Airlines, Avelo
Airlines, Breeze Airways, Delta Air Lines, Frontier Airlines,
Hawaiian Airlines, JetBlue, Southwest Airlines, Spirit Airlines,
Sun Country Airlines, and United Airlines.
Intra-European Airfare Fares for flights within Europe
are 8% higher than in 2022 and 12% higher than in 2019. The average
airfare in Europe in 2023 was $104.58 (approximately €96) compared
to $93.17 (approximately €85.70)—in each case excluding taxes and
fees.
Transatlantic Airfare The average transatlantic economy
fare in 2023 was $435.17, compared to $410.75 in 2022 and $381.08
in 2019. This is an increase of 14% in 2023 compared to 2019.
However, Cirium data indicates that transatlantic business class
airfare is 3% lower compared to 2019, with December 2023 business
class fares 7% lower compared to December 2019. The average
business class fare in 2023 was $1,845.
Increase in Transatlantic Capacity Airlines increased
capacity in 2023 compared to 2022 and are poised to do the same for
summer 2024, according to Cirium Diio Mi schedule data. The
transatlantic carriers increased seats flown by 18% in 2023
compared to 2022. And, in the peak summer month of July 2024, the
transatlantic carriers will fly almost 375,000 more seats compared
to July 2023, with Air France, Delta Air Lines, and Lufthansa among
the carriers increasing capacity. This action may reduce airfare on
select routes.
About Cirium
Cirium is the world’s most trusted source of aviation analytics.
Through powerful data and analytics, coupled with decades of
industry experience, Cirium is enabling airlines, airports, travel
companies, aircraft manufacturers, and financial institutions,
amongst others, to make intelligent and informed decisions that
improve operations, grow revenues, and enhance customer
experiences.
Cirium is part of RELX, a global provider of information-based
analytics and decision tools for professional and business
customers. The shares of RELX PLC are traded on the London,
Amsterdam and New York Stock Exchanges using the following ticker
symbols: London: REL; Amsterdam: REN; New York: RELX.
For further information please follow Cirium updates on LinkedIn
or visit www.cirium.com.
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