FLYR Weekly 2015-05-18

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Transcript of FLYR Weekly 2015-05-18

US Airfare Trend Report

Week of May 18, 2015

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Data cohort: Flights departing May 23, 2015 – June 27, 2015 •  Observation period: 7 days ending May 16, 2015

Notes• Seeing some appreciable hikes among all the upstart carriers this week: Alaska, Frontier,

JetBlue, Spirit, and Virgin.

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Data cohort: Flights departing May 23, 2015 – June 27, 2015 •  Observation period: 7 days ending May 16, 2015

Notes• Prices hikes also appear to be significant in magnitude, with those widespread fare hikes resulting

in $15-47 median changes.

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Data cohort: Flights departing May 23, 2015 – June 27, 2015 •  Observation period: 7 days ending May 16, 2015

Notes• JFK remains quite volatile, with significant portions of fares reflecting hikes and drops. This

week, EWR joins in on the fun, with nearly half of fares seeing hikes.

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Data cohort: Flights departing May 23, 2015 – June 27, 2015 •  Observation period: 7 days ending May 16, 2015

Notes• Interestingly, Boston, is also seeing some unusually widespread downside volatility.

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Data cohort: Flights departing May 23, 2015 – June 27, 2015 •  Observation period: 7 days ending May 16, 2015

Notes• Surprise from Washington/Reagan airport – seeing median $100 fare drops on about 8% of

their flights.

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Data cohort: Flights departing May 23, 2015 – June 27, 2015 •  Observation period: 7 days ending May 16, 2015

Notes• …and similarly on a destination basis. 8% of flights to Washington / Reagan seeing $130

drops in this view.

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Data cohort: Flights departing May 23, 2015 – June 27, 2015 •  Observation period: 7 days ending May 16, 2015

Notes• The LA/Chicago route

saga continues, with 93% of our tracked fares going up by $23. Interesting to see that the magnitude of change every week has been getting smaller with equally widespread changes.

• JFK/LAX is also seeing an appreciable $62 median increase for 71% of flights.

TRENDS AMONG 25 MAJOR AIRPORT ROUTES

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Data cohort: Flights departing May 23, 2015 – June 27, 2015 •  Observation period: 7 days ending May 16, 2015

ABOUT OUR DATA

• We observed the cohort of non-stop US domestic airfares departing May 23, 2015 to June 27, 2015, or roughly on a one-week to six-weeks forward basis.

• These fares were observed over a seven-day period ending May 16, 2015.• Most commercial carriers in the US are represented.

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Data cohort: Flights departing May 23, 2015 – June 27, 2015 •  Observation period: 7 days ending May 16, 2015

ABOUT FLYR

FLYR is a data science company that constructs technologies to predict and mitigate future airfare volatility. Our goal is to develop tools that are able to neutralize uncertainty in travel planning.

Our open airfare prediction beta is currently available at http://www.getFLYR.com.

We welcome your comments and questions, as well as ideas and suggestions for future reports.

Steady Travels,FLYR Research

© 2014-2015 FLYR Inc. All Rights Reserved.

All data, charts, and commentary are provided for informational purposes only.Permission to reproduce the contents contained herein must be obtained with prior consent of FLYR Inc.For reproduction/distribution authorizations or other media requests, please contact:

Andrew JingFLYR Inc.andrew@FLYRLabs.com89 De Boom St., San Francisco, CA 94080