Average fares at Memphis International Airport continue to drop
Wednesday, April 23, 2014
MEMPHIS, TN – Recent statistics released by the U.S. Department of Transportation show that average air fares continue to drop for passengers of Memphis International Airport (MEM). The statistics reflect average domestic airfare for the 4th quarter 2013 for the top 100 airports (based on 2013 originating domestic passengers).
MEM, which ranked among the nation’s highest airfares while it served as a hub for Delta, has dropped to 14th on the list. The airport has experienced a decline in average ticket prices of nearly $65 since 2011, and by about $53 per ticket (10.8 percent) between 2012 and 2013.
“This is very encouraging news for our passengers,” said Scott Brockman, President and CEO of the Memphis-Shelby County Airport Authority. “The addition of low-cost carrier Southwest Airlines and enhanced competition among other carriers has had a positive impact on fares. We still have work to do, but we are trending in the right direction.”
When the Memphis airport served as a Delta hub, the vast majority of its passengers were - transfer passengers, using Memphis to connect en route to other destinations. Now, the traffic at MEM is predominately “origin and destination” or “O&D” in nature—passengers who begin or end their trips in Memphis. The lower airfares appear to be having a positive impact on O&D traffic. For the fiscal year of 2014 O&D passengers have increased by nearly 65,000 compared to the fiscal year 2013.
The Airport Authority continues to work with new and existing carriers to expand nonstop flight options at MEM.
The Department of Transportation report can be found at http://1.usa.gov/1gRMvZ2.