Re:Air Fares 101 – Why do fares change all the time?
by thedufer on Monday December 15, 2014 @09:40PM
(#8755612)
> Airfares are most definitely higher than they were in the mid 2000's
We've established that. The data shows that flights this year were about 13% higher than at the lowest point, which was 2009 (recession). They are a little under 5% higher than the lowest point during the "mid 2000's". These numbers (~.25% increase per year over 10 years) are fairly insignificant when you look at the broader trends (>1% decrease per year over 3-4 decades).
We've established that. The data shows that flights this year were about 13% higher than at the lowest point, which was 2009 (recession). They are a little under 5% higher than the lowest point during the "mid 2000's". These numbers (~.25% increase per year over 10 years) are fairly insignificant when you look at the broader trends (>1% decrease per year over 3-4 decades).