WICHITA, Kan. (KSNW) – City officials say the average fares at Wichita Eisenhower National Airport are down 1% from 4th quarter 2014 after taking inflation into consideration.
A news release from city officials said the figures come from data released by the Bureau of Transportation Statistics.
The bureau also noted that fares are down 31% from 2000, which is prior to low-cost carriers entering the Wichita market. In 2000, Wichita’s average fare was $569.55; in 2015, it was $391.62, a decrease of $177.92.
“The competition that low-cost carriers Southwest Airlines and Allegiant bring to our market is key to keeping fares affordable,” said Victor White, Director of Airports. “Their presence encourages the other airlines to compete on fares to similar destinations, which drives down fares for everyone.”
City officials said compared to regional airports, Wichita’s average fare of $391.62 is less than Oklahoma City ($401.89) and Tulsa ($408.61), but still higher than Kansas City ($362.28) which is a significantly larger market.
The most recent study shows that Wichita is retaining 80% of its passengers. In 2001, Wichita’s retention rate was 56%.