U.S. airfares at cheapest levels since 2010

  • By Becky Yerak Chicago Tribune
  • Tuesday, February 9, 2016 3:30pm
  • Business

The average round-trip U.S. airfare was $372 in the third quarter, the cheapest price for a ticket since 2010, the federal government said Tuesday.

The price was down 6.2 percent from the same period in 2014, according to the Transportation Department’s Bureau of Transportation Statistics.

Airlines have been passing along some of their fuel cost savings to consumers, and competition among airlines has also heated up as ultra low-cost carriers like Frontier and Spirit, which offer cheap seats with no bells and whistles, give American, Delta and United a run for their money.

Third-quarter fares were down 3.5 percent from the second quarter of 2015. The numbers are adjusted for inflation.

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