flyr weekly 2014-12-29

Download FLYR Weekly 2014-12-29

Post on 12-Jul-2015

367 views

Category:

Travel

1 download

Embed Size (px)

TRANSCRIPT

  • US Airfare Trend Report

    Week of December 29, 2014

  • Flights departing January 3, 2015 February 1, 2015 Observation period: December 21-27, 2014

    FLYR Inc. fb.com/getflyr www.FLYRLabs.com @flyrapp

    Welcome to FLYRs US Airfare Trend Report. 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. In studying the frequent changes in airfares, were 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. Happy New Year and Steady Travels, FLYR Research

  • Flights departing January 3, 2015 February 1, 2015 Observation period: December 21-27, 2014

    FLYR Inc. fb.com/getflyr www.FLYRLabs.com @flyrapp

    About this data We observed the cohort of non-stop US domestic airfares departing January 3, 2015 to February 1, 2015. These fares were observed over a seven-day period ending December 27, 2014. Most commercial carriers in the US are represented.

    Notes: This post-holiday cohort of flights marks a quieter period for domestic airfares. The majority of flights among every major carrier stood unchanged from week to week. Price hikes were generally concentrated among a select group of origins and destinations. Of note, over 40% of flights on Hawaiian saw some level of repricing upward.

    Notes: The extent to which Hawaiian Airlines flights were affected is apparent. Where fares did increase within the carrier, they did so at a median of $66. Other carriers stats echo the low volatility of this period.

  • Flights departing January 3, 2015 February 1, 2015 Observation period: December 21-27, 2014

    FLYR Inc. fb.com/getflyr www.FLYRLabs.com @flyrapp

    Notes: System-wide, we saw a select group of airports with an unusually high proportion of fare hikes. Relevant to many fliers, for example, Chicago-Midway appears with a higher-than usual figure, at 94% of flights getting revised upward. While widespread, the hikes were not extremely acute, with a rather demure median fare increase of $17.

  • Flights departing January 3, 2015 February 1, 2015 Observation period: December 21-27, 2014

    FLYR Inc. fb.com/getflyr www.FLYRLabs.com @flyrapp

    Notes: On a destination basis, we see widespread fare hikes at a similar group of airports, with a negligible list of airports seeing significant fare drops.

  • Flights departing January 3, 2015 February 1, 2015 Observation period: December 21-27, 2014

    FLYR Inc. fb.com/getflyr www.FLYRLabs.com @flyrapp

    Notes: Among the airports seeing the largest median increases/decreases, nearly all in the top 10 were due to the fact that there were very few fare changes (

  • Flights departing January 3, 2015 February 1, 2015 Observation period: December 21-27, 2014

    FLYR Inc. fb.com/getflyr www.FLYRLabs.com @flyrapp

    Notes: Similar to the previous page, the low rate of volatility this past week renders these data points less relevant for most travelers.

  • Flights departing January 3, 2015 February 1, 2015 Observation period: December 21-27, 2014

    FLYR Inc. fb.com/getflyr www.FLYRLabs.com @flyrapp

    Trends Among 25 Major Airport Routes (by tracked non-stop volume)

    Notes: We list 25 airport-airport routes with some of the heaviest tracked traffic. We see that following last weeks widespread fare drops (that was fun while it lasted, wasnt it?), Alaska Airlines adjusted fares back with a vengeance, with ANC/SEA bearing the brunt of the hikes. Similarly, quite a few major routes involving ATL are seeing hikes, no doubt attributable to Delta. Of special note is the massive spike in Hawaiian flights previously mentioned at the beginning of this report. We see that being reflected in the HNL/LAX route, which has the special distinction of a $438 median price hike this past week.

  • FLYRLabs.com

    2014 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. andrew@getflyr.com 89 De Boom St., San Francisco, CA 94080