Average Fares Drop 4% in Q4 2023

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April 17, 2024

Average Fares Drop 4% in Q4 2023

The Bureau of Transportation Statistics published the 4th quarter 2023 average airfare report on Tuesday.  The average fare at Wichita Eisenhower National Airport was $437, a decrease of 4% from Q4 2022 and an 8% decrease from Q4 2019.  The national average fare dropped 2% at $384.85, but increased 8% over Q4 2019, which was $356.52.

Wichita’s average fare is 41% less than in Q4 2000, which at that time was $739.48.

The fares in this report are based on domestic itinerary fares, round-trip or one-way for which no return is purchased.  Fares include only the price paid at the time of the ticket purchase.

Q4 2023 Average Fares

AirportQ4 2023Q4 2022Q4 2019Q4 2000Q4 2023 - Q4 2022Q4 2023 - Q4 2019Q4 2023 - Q4 2000
Cedar Rapids$425.24$463.84$494.14$750.55-$38.60-8%-$68.90-14%-$325.31-43%
Colorado Springs$385.66$409.40$465.27$725.09-$23.74-6%-$79.61-17%-$339.43-47%
Des Moines$391.81$415.58$469.14$697.96-$23.77-6%-$77.33-16%-$306.15-44%
Little Rock$444.72$461.69$494.54$525.24-$16.97-4%-$49.82-10%-$80.52-15%
Oklahoma City$433.41$451.19$467.19$539.88-$17.78-4%-$33.78-7%-$106.47-20%
National Average$384.85$393.85$356.52$600.22-$9.00-2%$28.338%-$215.37-36%
Q4 2023 Average Fares at Peer Airports

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