Wednesday, March 7, 2012

Graph of the Week: Flying

I thought this was a particularly accessible post in my R Bloggers feed.

When taking the average price of domestic airline fares, there is a clear trend indicating that flying is becoming more affordable - when adjusted for inflation. This may seem impossible when you look at the current price of your ticket and see that it is higher than last year. That's because the last two years have seen an increase, but the overall trend is still downward.
There's not much discussion if you click through, but I thought the graph was interesting enough to share.

One thought that comes to mind when seeing this graph is whether the type of fares people choose have changed. If people are somehow choosing systematically shorter trips now versus in 1995, this might explain the downward trend. Then again, maybe flying is getting cheaper after all.

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