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OMOLIVES

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OMOLIVES

Re: bar1080 post# 217080

Wednesday, 11/22/2023 8:01:49 PM

Wednesday, November 22, 2023 8:01:49 PM

Post# of 222182
It's actually opposite of a strong economy. The fares have been dropping heavily this year to fill capacity. They have dropped hard in November. Average fares are at a 14 year low .

https://fred.stlouisfed.org/series/CUSR0000SETG01

When factoring in inflation...the real issue arises....because fares should be higher.

Also:

How airfare prices have changed

October 2023 vs. September 2023 (MoM). Up 3.8%.

October 2023 vs. October 2022 (YoY). Down 13.2%.

October 2023 vs. October 2019 (Change since pre-pandemic lockdowns). Down 5.3%.

https://www.nerdwallet.com/article/travel/travel-price-tracker

I am having flashbacks...lol. Capacity..capacity..capacity
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