flyr weekly 2015-03-02

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  • US Airfare Trend Report

    Week of March 2, 2015

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

    Data cohort: Flights departing March 7, 2015 April 11, 2015 Observation period: 7 days ending February 28, 2015

    Notes The Fare Creep exercise from February has almost entirely dissipated. For more info,

    Google: What is Fare Creep? FLYRs explanation at top. Notice how similar the proles for most of the carriers are, especially among the legacy

    carriers.

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

    Data cohort: Flights departing March 7, 2015 April 11, 2015 Observation period: 7 days ending February 28, 2015

    Notes Broadest fare hikes for this cohort of ights were seen from JetBlue and Virgin America, at 48% and

    44%, respectively. They also saw some pretty signicant magnitudes of change, at a median $39 for JetBlue and $50 for Virgin America.

    Notice again the similarities between various carriers here.

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

    Data cohort: Flights departing March 7, 2015 April 11, 2015 Observation period: 7 days ending February 28, 2015

    Notes Chicago Midway again has an above-average fare hike for this current cohort, indicating

    continued tight inventory for price-setter Southwest. Des Moines makes the list again, with 46% of ights seeing a fare drop (for each ight from

    DSM, it was an average fare drop of less than four bucks)

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

    Data cohort: Flights departing March 7, 2015 April 11, 2015 Observation period: 7 days ending February 28, 2015

    Notes A quick comparison between the hikes and drops implies overall directionality of fare

    changes this past week. 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 March 7, 2015 April 11, 2015 Observation period: 7 days ending February 28, 2015

    Notes Keeping in mind that these are median fares, we see that the $321/322, $203/205,

    $145/147, $100-103 marks are the more extreme intervals of fare change among carriers. Wilmington, NC hikes regularly jump by a high interval relative to other ights.

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

    Data cohort: Flights departing March 7, 2015 April 11, 2015 Observation period: 7 days ending February 28, 2015

    One sign that its business as usual for airlines is when these biggest fare hikes/drops feature few major hubs.

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

    Data cohort: Flights departing March 7, 2015 April 11, 2015 Observation period: 7 days ending February 28, 2015

    Notes Among the major routes,

    you see some examples of the more moderate (read: common) intervals by which airfares change.

    Examples that you see often are round numbers like $20/30/40.

    More than half the fares between NYC and warmer climates were up, possibly as New Yorkers looked forward to digging out of record snowfall.

    TRENDS AMONG 25 MAJOR AIRPORT ROUTES

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

    Data cohort: Flights departing March 7, 2015 April 11, 2015 Observation period: 7 days ending February 28, 2015

    ABOUT OUR DATA

    We observed the cohort of non-stop US domestic airfares departing March 7, 2015 to April 11, 2015, or roughly on a one-week to six-weeks forward basis.

    These fares were observed over a seven-day period ending February 28, 2015. Most commercial carriers in the US are represented.

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

    Data cohort: Flights departing March 7, 2015 April 11, 2015 Observation period: 7 days ending February 28, 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. Our open airfare prediction beta is currently available at http://www.getFLYR.com. 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. andrew@FLYRLabs.com 89 De Boom St., San Francisco, CA 94080