|
The most recent data are from the 2nd Quarter of 2004.
The Air Travel Price Index (ATPI) is a measure of the change over time in the prices paid by air travelers. The index can be used to compare airfares in the most recent available quarter to any quarter since the base year of 1995.
The ATPI is based on actual fares paid by travelers, not published fares. It is computed using data from the Bureau of Transportation Statistics' Passenger Origin and Destination (O&D) Survey, a 10% sample of all airline tickets for U.S. carriers, excluding charter air travel.
By using the actual fares from the O&D survey data, the index uniquely accounts for consumers' tendency to substitute cheaper air travel services for more expensive ones when relative prices change.
|
