New Report: COVID Impact on Airfare Pricing & Travel Demand

posted on 19th July 2020 by Eddie Saunders
New Report: COVID Impact on Airfare Pricing & Travel Demand

Dollar Flight Club surveyed 20,000 of their 1 million most active members to give you insights into how COVID-19 is impacting travel demand in the short- and long-term.

TOP 6 DOMESTIC DESTINATIONS U.S BASED TRAVELERS ARE VISITING IN 2020:

  1. San Diego
  2. Denver
  3. Seattle
  4. Salt Lake City
  5. Chicago
  6. Boston

TOP 6 INTERNATIONAL DESTINATIONS U.S BASED TRAVELERS ARE VISTING IN 2020:

  1. Aruba
  2. The Bahamas
  3. Barbados
  4. Lucia
  5. Croatia
  6. Bali

How do travelers view U.S airlines ?

TOP 4 RANKED U.S AIRLINES (MOST TRUSTED FOR COVID SAFETY)

  1. Delta
  2. Alaska
  3. Southwest
  4. JetBlue

WORST 4 RANKED U.S AIRLINES (LEAST TRUSTED FOR COVID SAFETY)

  1. American
  2. United
  3. Spirit
  4. Frontier

Are people booking trips?

Dollar Flight Club analyzed airfare and industry data using millions of data points from both 9/11 and the Great Recession of 2008 to predict how the COVID-19 outbreak is impacting travelers as the world opens back up in 2020 and beyond.

Impact on Domestic Travel:

COMPARISON:
PAST AIRLINE INDUSTRY DOWNTURNS

9/11 Impact on airfare pricing:

  • 2001: airfare prices dropped 18% on average (#1)
  • 2003: airfare prices increased 25% on average (#1)

Great Recession impact on airfare pricing:

  • 2008/2009: airfare prices dropped 21% on average.(#1)
  • 2012: airfare prices increased 24% on average (#1)

Impact on International Travel:

 

COMPARISON:
PAST AIRLINE INDUSTRY DOWNTURNS

9/11 Impact on airfare pricing:

  • 2001: airfare prices dropped 18% on average (#1)
  • 2003: airfare prices increased 25% on average (#1)

Great Recession impact on airfare pricing:

  • 2008/2009: airfare prices dropped 21% on average.(#1)
  • 2012: airfare prices increased 24% on average (#1)

What this means for passengers:

DATA SOURCES:
1. Bureau of Transportation Statistics https://www.bts.gov/
2. Bureau of Economic Analysis https://www.bea.gov/
3. Federal Aviation Administration https://www.faa.gov/
4. International Air Transport Association (IATA) https://www.iata.org/