Average Airfare Prices Lowest in Six Years

The latest Department of Transportation figures have only confirmed what airfare analyst and FareCompare CEO Rick Seaney has been saying for a while now. “It’s a relatively cheap time to fly,” he noted then added, much depends on where you are and where you want to go to snag the very best deals.

LISTEN: Airfare expert Rick Seaney on a new wrinkle – an airfare hike.

Average Airfare Prices Lowest in Six Years

According to DOT statistics covering the first quarter of 2016, the average domestic airfare fell to its “lowest level since 2010” when adjusted for inflation and here is the most recent decline for average fares:

  • 2016 Q1: $361
  • 2015 Q1: $392
  • Decrease: 7.8%

And now for some historical perspective:

  • 2016 Q1: $361
  • 1999 Q1: $479
  • Decrease: 24.6%

You can learn more about the latest figures here.

As for specific airports and destinations, a news report out of Denver found fares from that airport are at a near-20 year low but the Mile High City has been making Rick Seaney’s lists of cheap destinations for years now.

See how prices have changed from your airport here.

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Updated: August 4, 2016