2024 Annual Average Domestic Air Fare Decreases from 2023

Tuesday, April 15, 2025

BTS 21-25

2024 Annual Fare Decreases 2.3%, Adjusted for Inflation, from Previous Year

Average_Domestic_Annual_Fares_Infographic_4Q 2024

The 2024 annual average domestic itinerary air fare of $384 decreased 2.3% from the 2023 inflation-adjusted annual fare of $393.

Annual Air Fares

Inflation-adjusted
Annual 2024 fare: $384
All years: Down 37.8% from the highest fare for any year, $618 in 2000
Start of BTS records in 1995: Down 36.2% from 1995 ($601)
Recent high: Down 5.3% from 2022 ($405)

Unadjusted
Annual 2024 fare: $384
From previous year: Up 0.6% from 2023 ($382)
All years: Down 3.2% from the highest fare for any year, $396 in 2014
Start of BTS records in 1995: Up 31.2% ($292) (compared to 105.9% consumer price index increase)
Recent low: Up 31.2% from 2020 ($292)

Line chart showing U.S. average domestic fares Annual 1995 through 2024

Based on a sampling of 10% of tickets.
Total ticket value: The price charged by airlines at time of ticket purchase.
Included: All fees and charges levied by an air carrier required for the passenger to board the aircraft. Also, additional taxes and fees levied by an outside entity at time of ticket purchase.
Not included: Fees for optional services, such as baggage fees.

Fourth Quarter 2024 Air Fares

U.S. Average Domestic Fares comparison between 4Q 2024 and 3Q 2024

The average U.S. domestic air fare in the fourth quarter of 2024 was $398, increasing 8.5% from an inflation-adjusted third quarter 2024 fare of $366.

Line chart showing U.S. average domestic fares 4Q2024 1995 through 2024

Itinerary Fares: Round-trips, but includes one-way tickets if no return is purchased.
Breakout of trip types: one-way, 39% ($282); round-trip, 61% ($485).

Inflation-Adjusted Average Air Fares
Fourth Quarter 2024 fare: $398
Compared to all fourth quarters: Down 35.5% from the highest 4Q fare, $617 in 2000.
Compared to all quarters: Down 37.4% from the highest fare for any quarter, $636 in 1Q 1999.
Start of BTS records in 1Q 1995: Down 36.0% ($621).
Recent high: Down 7.2% from 2Q 2022 ($428)
Recent low: Up 33.8% from 3Q 2020 ($297).
All-time low: Up 33.8% from the previous low 3Q 2020 ($297).
All-time fourth-quarter low: Up 25.9% from the previous low 4Q 2020 ($316).

Unadjusted Average Air Fares
Fourth Quarter 2024 fare: $398
Trend: Up 8.7% from 3Q 2024 ($366)
Compared to all fourth quarters: Up 0.6% from the highest 4Q fare, $395 in 2014
Compared to all quarters: Down 1.1% from the highest fare for any quarter, $402 in 2Q 2014
Start of BTS records in 1Q 1995: Up 33.9% ($297) (compared to 105.5% consumer price index increase)
Recent low: Up 62.5% from 3Q 2020 ($245)
Recent high: Down 0.6% from 2Q 2022 ($397)
All-time low: Up 62.5% from 3Q 2020 ($245)
All-time fourth-quarter low: Up 52.5% from 4Q 2020 ($261).

Bar chart showing U.S. Average domestic quarterly fares in 2Q2021 through 4Q2024

Fares by Airport Group

Bar chart showing fares by airport group based on number of originating domestic passengers in 4Q 2024

Fares by airport group:
Highest: 7 airports with 1.5-1.99 million originating passengers ($378).
Lowest: 49 airports with 100,000-499,999 originating passengers ($406).

Additional data: see Top 100 Airports or All Airports. First Quarter 2025 average fare data will be released July 15.

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