This chart, which comes to us courtesy of the Bureau of Transportation Statistics, is quite revealing. And at the same time, misleading.
It shows how volatile airfares have been during the last 15 years. It is also exhibit “A” for the now-profitable legacy carriers when they cry for tax breaks, government loans or try to justify one of their many new fees.
Point taken. It’s a competitive industry, as suggested by this data. Well, kinda. Airfares don’t tell the whole story.
“Are airfares on a rollercoaster, or are they actually climbing?”