The average domestic fare fell to $363 in the fourth quarter of 2015, down 8.3 percent from $396 in the fourth quarter of 2014, the U.S. Department of Transportation’s Bureau of Transportation Statistics said.
That’s not on the level of a drop of prices at the gas pump from more than $3 a gallon in 2014 to close to $2 last year.
Airline profits have soared as a result, reports show.
Still, the bottom line is fares are down. For the full year of 2015, the average fare of $377 was down 3.8 percent, inflation-adjusted, from the 2014 average fare of $392 and down 19.2 percent from a high of $467 in 2000, officials said. The 2015 full-year average was the lowest since $365 in 2010, the agency said.