WASHINGTON (Reuters) – Average U.S. airfare prices in the three months ending in September fell to the lowest inflation-adjusted price since the government began tracking the issue in 1995, the Transportation Department said Tuesday.
The average ticket price was $245, down 30% over the same period in 2019 and down 7% over the second quarter, when average prices were $262 a ticket. Prices have declined as air demand has fallen sharply, especially for business travel. U.S. airlines reported 27 million passengers in the third quarter, down from 86 million passengers a year earlier.
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