FOR
IMMEDIATE RELEASE
Thursday, March 29, 2001
Contact: Bill Mosley
Tel: (202) 366-5571
DOT 27-01
DOT Releases Airfare Report For Third Quarter 2000
To provide additional
information about domestic airline prices, the U.S. Department of Transportation
has released its quarterly consumer report on domestic airline fares, covering
the third quarter of 2000.
The report covers the same
top 1,000 city-pair markets in the 48 contiguous states that were in the first
report of this series, which covered the third quarter of 1996. The report also
looks at fares in 279 additional city pairs that have been in the top 1,000
during previous quarters covered by this report series.
The report provides four basic types of information:
For
each city-pair market, the average one-way fare, the number of one-way
passenger trips per day, and the nonstop distance. Also included is fare and
market share information for the airline with the largest market share, and
the airline with the lowest average fare.
A
city-by-city information summary for the largest cities, showing the number
of passengers, the average fare, average fare per mile traveled (yield) and
average distance traveled.
Price
and traffic information about city-pair markets that experienced increases
or decreases in average fares of more than 30 percent compared with one year
ago.
Detailed
fare information for the highest and lowest fares for city-pair markets
including the percentage of passengers paying the minimum fare, the maximum
fare and three times the minimum fare.
In addition, this report
includes a special feature comparing average fares in markets with and without
low-fare service to the Standard Industry Fare Level (SIFL), a formula used to
set airfares under regulation. The report shows that in markets with low-fare
competition, passengers pay an average fare equal to or less than SIFL. In
short-haul markets without low-fare competition, average fares exceed SIFL by
28% to 105%.
The department will
continue to issue the domestic airfare report each quarter. Based upon public
input, DOT will consider modifying the information in the report to provide the
fullest consumer benefit. The report can be obtained via the World Wide Web at:
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