Travelocity Data Shows Airfares at Lowest Point in More Than a Year
Monday, January 19, 2009
"SOUTHLAKE, Texas - years of increasing prices, Travelocity data reveals average domestic airfare is finally on the way down. While there’s been speculation in the industry that 2009 would be the year of declining airfares, Travelocity’s most recent data on spring airfares supports this with actual booking data.
“Lower jet fuel prices and weakening demand have contributed to decreased airfares,” said Genevieve Shaw Brown, Travelocity’s senior editor. “This is great news for cash-strapped travelers who’ve been dealing with increasing airfares for years.”
The average domestic airfare for spring is down $24 as compared to the same time period in 2008 - from $393 to $369.
“Certain destinations have seen dips in price from time to time, but this is the first time in recent memory we’re seeing declines across the board,” said Brown. “All 10 of the nation’s most popular destinations have at least some decline in airfare.”
Domestic destinations with year-over-year declines of 10 percent or more include:"
1. Denver -13 percent
2. Los Angeles -16 percent
3. Salt Lake City -16 percent
4. San Francisco -15 percent
5. Seattle -10 percent
6. Chicago -17 percent
7. Atlanta -10 percent
8. Jacksonville -13 percent
9. San Antonio -16 percent
10. Tucson -11 percent