flyr weekly 2015-04-27

11
US Airfare Trend Report Week of April 27, 2015

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Page 1: FLYR Weekly 2015-04-27

US Airfare Trend Report

Week of April 27, 2015

Page 2: FLYR Weekly 2015-04-27

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Data cohort: Flights departing May 2, 2015 – June 6, 2015•  Observation period: 7 days ending April 25, 2015

Notes• Say hello to fare increases as the summertime demand starts settling in. Fares for this

cohort include the first week of June, where we have the initial wave of vacationers of the summer.

Page 3: FLYR Weekly 2015-04-27

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Data cohort: Flights departing May 2, 2015 – June 6, 2015•  Observation period: 7 days ending April 25, 2015

Notes• Drops were not very widespread, so there’s not as much to glean from the seemingly large fare

drops at these major carriers.• That said, the fare hikes are not trivial. Over half of the flights from Virgin and Frontier went up in

price, and among those flights, consumers are seeing $30 week-on-week changes.

Page 4: FLYR Weekly 2015-04-27

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Data cohort: Flights departing May 2, 2015 – June 6, 2015•  Observation period: 7 days ending April 25, 2015

Notes• Interestingly enough, we see Houston (Bush Intercontinental) being represented in the top

10 fare hike airports.• Providence had a whopping 98% of all flights go down in price, but only by a median of $3.

Page 5: FLYR Weekly 2015-04-27

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Data cohort: Flights departing May 2, 2015 – June 6, 2015•  Observation period: 7 days ending April 25, 2015

Notes• The fare drop percentages aren’t much to look at, but they surprisingly include a few sunny

locales that we’re not used to seeing, like Hilo, Hawaii and Miami.

Page 6: FLYR Weekly 2015-04-27

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Data cohort: Flights departing May 2, 2015 – June 6, 2015•  Observation period: 7 days ending April 25, 2015

Notes• Memphis airfares had a bout of split personality this past week. Of the fares that rose, they

rose by a lot - $250. Of those that dropped, they dropped by even more: $380.

Page 7: FLYR Weekly 2015-04-27

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Data cohort: Flights departing May 2, 2015 – June 6, 2015•  Observation period: 7 days ending April 25, 2015

Notes• So, the story with the Charleston flight is that a super-expensive flight last week got re-

priced down towards something more meaningful. The average airfare to Charleston is in the mid-$300s.

Page 8: FLYR Weekly 2015-04-27

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Data cohort: Flights departing May 2, 2015 – June 6, 2015•  Observation period: 7 days ending April 25, 2015

Notes• Flights from LAX to

San Francisco and Phoenix saw some broad fare hikes. While it’s not much, the LAX-SFO shuttle route is among the most stable in terms of pricing and traffic, so there was definitely some unexpected demand there.

• Rather unexpected is the 89% fare drop on the DFW-LAX route, especially by a median $252!

TRENDS AMONG 25 MAJOR AIRPORT ROUTES

Page 9: FLYR Weekly 2015-04-27

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Data cohort: Flights departing May 2, 2015 – June 6, 2015•  Observation period: 7 days ending April 25, 2015

ABOUT OUR DATA

• We observed the cohort of non-stop US domestic airfares departing May 2, 2015 to June 6, 2015, or roughly on a one-week to six-weeks forward basis.

• These fares were observed over a seven-day period ending April 25, 2015.• Most commercial carriers in the US are represented.

Page 10: FLYR Weekly 2015-04-27

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

Data cohort: Flights departing May 2, 2015 – June 6, 2015•  Observation period: 7 days ending April 25, 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

Page 11: FLYR Weekly 2015-04-27

© 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 JingFLYR [email protected] De Boom St., San Francisco, CA 94080