Transcript

US Airfare Trend Report

Week of February 16, 2015

FLYR Inc. fb.com/getflyr FLYRLabs.com @FLYR_Research

Data cohort: Flights departing February 21, 2015 – March 28, 2015  •  Observation period: 7 days ending February 14, 2015  

ABOUT OUR DATA

•  We observed the cohort of non-stop US domestic airfares departing February 21, 2015 to March 28, 2015, or roughly on a one-week to six-weeks forward basis.

•  These fares were observed over a seven-day period ending February 14, 2015. •  Most commercial carriers in the US are represented.

FLYR Inc. fb.com/getflyr FLYRLabs.com @FLYR_Research

Data cohort: Flights departing February 21, 2015 – March 28, 2015  •  Observation period: 7 days ending February 14, 2015  

Notes •  We saw some very widespread increases this past week, indicative of across-the-board

shifts in fare pricing. •  AA/US, United, and JetBlue all had very similar profiles, with over 4/5ths of fares having

gone up.

FLYR Inc. fb.com/getflyr FLYRLabs.com @FLYR_Research

Data cohort: Flights departing February 21, 2015 – March 28, 2015  •  Observation period: 7 days ending February 14, 2015  

Notes •  AA/US and United raised fares on most of their inventory by $3, indicating a subtle frame-shift

repricing taking place. We note that this week, fares were more in-sync between the merging carriers than usual.

•  JetBlue, on the other hand, saw a median jump of $20 on a equally high proportion of flights.

FLYR Inc. fb.com/getflyr FLYRLabs.com @FLYR_Research

Data cohort: Flights departing February 21, 2015 – March 28, 2015  •  Observation period: 7 days ending February 14, 2015  

Notes •  Highly ranked among the routes affected by the fare increases are those that are predominantly

served by the likes of AA/US and UA. (Keep in mind that the magnitude of these increases remains low).

•  On the other hand, those flying from Des Moines should be seeing broadly lower fares this week.

FLYR Inc. fb.com/getflyr FLYRLabs.com @FLYR_Research

Data cohort: Flights departing February 21, 2015 – March 28, 2015  •  Observation period: 7 days ending February 14, 2015  

Notes •  A similar profile is seen on a destination-basis. •  Flights on most routes to the airports above are open to future fare prediction on

getFLYR.com

FLYR Inc. fb.com/getflyr FLYRLabs.com @FLYR_Research

Data cohort: Flights departing February 21, 2015 – March 28, 2015  •  Observation period: 7 days ending February 14, 2015  

Notes •  Unusual for this list, fare hikes among most of the origins above were very widespread,

including a median $41 increase for a whopping 94% of flights flying out of Sarasota, FL. •  Fare Drops remained outliers, with the exception of Des Moines, where the $217 fare drop

was the median value for 65% of flights.

FLYR Inc. fb.com/getflyr FLYRLabs.com @FLYR_Research

Data cohort: Flights departing February 21, 2015 – March 28, 2015  •  Observation period: 7 days ending February 14, 2015  

Notes •  Some big names are seen here among both increases and decreases. JFK saw $23

increases for 75% of future arrivals. ATL saw $28 hikes for 67% •  Entering the Spring Break season, Newark, DCA, and IAD all had sizeable drops on around

15% of its flights.

FLYR Inc. fb.com/getflyr FLYRLabs.com @FLYR_Research

Data cohort: Flights departing February 21, 2015 – March 28, 2015  •  Observation period: 7 days ending February 14, 2015  

Notes •  From here (and beyond

the sea of red) we see that the fare hikes were likely part of a broad hub-to-hub increase.

•  Delta, as a big-three legacy carrier, was also a participant in the fare hikes, but began to roll back some of those fares.

•  Many of the fares may be rolled back during the current week.

TRENDS AMONG 25 MAJOR AIRPORT ROUTES

FLYR Inc. fb.com/getflyr FLYRLabs.com @FLYR_Research

Data cohort: Flights departing February 21, 2015 – March 28, 2015  •  Observation period: 7 days ending February 14, 2015  

ABOUT FLYR

FLYR is a data science company that constructs technologies to predict and mitigate future airfare volatility. Our goal is to develop tools that are able to neutralize uncertainty in travel planning. In the (near) future, we want such tools to be as ubiquitous and easy to use as a weather forecast. Our open airfare prediction beta is currently available at http://www.getFLYR.com.   In studying the frequent changes in airfares, we’re constantly gathering and analyzing a huge body of fare information. From this raw input, our team of data scientists and researchers collect and curate a number of key points to present in this report on a periodic basis — we hope it is of interest to travelers and industry observers alike. We welcome your comments and questions, as well as ideas and suggestions for future reports.    

Steady Travels, FLYR Research

© 2014-2015 FLYR Inc. All Rights Reserved.   All data, charts, and commentary are provided for informational purposes only. Permission to reproduce the contents contained herein must be obtained with prior consent of FLYR Inc. For reproduction/distribution authorizations or other media requests, please contact:   Andrew Jing FLYR Inc. [email protected] 89 De Boom St., San Francisco, CA 94080


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