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Denver Airfares Have Dropped 45 Percent Since DIA Opening In 1995
Adjusted for inflation to 2016 numbers, domestic airfares from Denver averaged $570.90 in 1995 - DIA's first year of operation. Today the average airfare is $311.95 - a 45% drop. The year before DIA opened average airfares were $666.99. The addition of Frontier Airlines with Denver as a hub in 1994 and the arrival and subsequent large expansion of Southwest Airlines in 2006 have greatly increased competition from the Mile High City bringing a corresponding dramatic drop in airfare. Fares have dropped on average 25% since Southwest Airlines first moved into DIA. Of the 6 busiest airports in the United States, Denver had the cheapest average airfares in the last quarter of 2016 -- the most recent figures.
While these figures represent average domestic fares, two new international airlines will soon be using DIA. Norwegian Airlines, a low cost carrier, will compete with British Airways on direct flights to London - likely bringing the cost of heading over the Atlantic Ocean cheaper. Last week, Copa Airlines, based in Panama, announced a direct Denver - Panama City, Panama flight. These new airlines increasing competition and routes from Denver show DIA's importance not only as a domestic airport, but also increasingly on the international stage.
With 12 years in public education as a teacher and 3 years as a Realtor, I bring that background to help educate home buyers and sellers along the Front Range from Denver to Colorado Springs and up th....
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