Airfares Remain Low Across The Country

The Consumer Price Index (CPI) has included airline fares as a component of the public transportation index since December 1963. Last month’s CPI report showed airline fares are about 13% lower than they were a year ago.

Year-to-date, inflation-adjusted airfares have fallen more relative to pre-pandemic levels than any of the 26 major categories of consumer spending reported by the BLS —even though the cost of airlines’ primary inputs (i.e., fuel, labor) have risen sharply.

For more on the State of U.S. Commercial Aviation, check out this Airlines for America presentation here.