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Business Courier: How the pandemic has affected CVG's fare

Cincinnati Business Courier / Chris Wetterich / November 9, 2020

The coronavirus pandemic has had many effects on Cincinnati/Northern Kentucky International Airport, including the airport receiving its best-ever ranking in the national report issued on airfares.

CVG had the 10th-lowest fares in the nation for the second quarter of 2020 among the top 100 U.S. airports, which included the first 2 ½ months of the pandemic. Air traffic was down about 87% during the quarter nationwide, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics.

CVG’s average airfare was $214.79, down from $323.75 in the same period in 2019, adjusted for inflation. It’s also the lowest airfare, adjusted for inflation, since 1995, the earliest year for which the government publishes airfare records. The average U.S. airfare of $259 was down 27.8% from the same period in 2019.

The lowest airfare in the U.S. was posted by Orlando-Sanford International Airport at $94.07. The highest was Ted Stevens-Anchorage International Airport at $383.94.

“The aviation industry has been significantly impacted by the pandemic, and dramatic declines in passenger levels has led to low fares across the country,” said CVG CEO Candace McGraw. “CVG has worked hard in recent years to become a multi-carrier airport so we are proud of this ranking. We are confident the trend of low airfares will continue as people make holiday and winter travel plans.”

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