Cirium’s Airfare Data Shows Increases in Economy Airfares in 2023 in North America and Europe With a Decrease in Transatlantic Business Class Fares
Economy airfare has generally increased since 2023 in North America and Europe, but lower than the U.S. inflation rate.
- Economy airfare has generally increased since 2023 in North America and Europe, but lower than the U.S. inflation rate.
- The average U.S. domestic airfare by the 13 airlines was $179.25 in 2023, an increase of 9% since the 2019 average of $164.63.
- The average transatlantic economy fare in 2023 was $435.17, compared to $410.75 in 2022 and $381.08 in 2019.
- However, Cirium data indicates that transatlantic business class airfare is 3% lower compared to 2019, with December 2023 business class fares 7% lower compared to December 2019.