Airfares down again in 1999; Passengers continue to enjoy lower airfares.

0 Comments | M2 Presswire, February, 2000

M2 PRESSWIRE-1 February 2000-AIR TRANSPORT ASSOCIATION: Airfares down again in 1999; Passengers continue to enjoy lower airfares (C)1994-2000 M2 COMMUNICATIONS LTD RDATE:28012000 Washington, DC -- The Air Transport Association (ATA) Office of Economics reports that airline ticket prices continued a downward trend that has lasted since the industry was deregulated in 1978.

Year-end 1999 average fares were reduced 0.7 percent from the average price the year before. Travelers paid nearly one-percent less on coach fares and passengers traveling in first-class paid 1.8 percent less for the year than a year ago. The price of an average airline ticket increased.3 percent in December. Coach-class fares were down.5 percent, from the average price a year...