Airfares down 2% in February

|By:, SA News Editor

U.S. air fares fell 1.8% Y/Y in February, according to data compiled by the Bureau of Transportation Services. The decline is due in part to a high level of competition in key markets where discounters butt heads.

The decline in fares would probably be more pronounced if the metric were on a per mile basis.

BTS data

Related ETF: JETS.

Related stocks: ALGT, JBLU, SAVE, VA, LUV.

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