Airlines How are airfares trending worldwide?

UBS Evidence Lab tracks fares being offered for future departures to assess airlines' pricing strategies and the recovery in travel around the world.

26 Jun 2020
  • Fares for flights that departed in the last 3 months declined y/y for most airlines (March, April, May).
  • China is the only market showing a material increase in fares for the next 3 months.
  • Most US carriers are offering lower fares y/y. The main exception is low-cost carrier Spirit Airlines, which has raised fares for departures that are further out.
  • EU airfares are following a similar trend to the US. Once again, a low-coast carrier (Ryanair) is the exception.
  • China carriers are offering higher fares, especially China Eastern and China Southern.
  • Trends are mixed for India and Australia carriers.

Median Economy Airfare, Round Trip, as of May 2020: Change Y/Y

Source: UBS Evidence Lab

US Carriers, Economy, Round Trip, Average Yield: Change Y/Y (Forward Departures as of 7-Jun-20)

Source: UBS Evidence Lab

EU Carriers, Economy, Round Trip, Average Yield: Change Y/Y (Forward Departures as of 7-Jun-20)

Source: UBS Evidence Lab

China Carriers, Economy, Domestic One Way, Average Yield: Change Y/Y (Forward Departures as of 7-Jun-20)

Source: UBS Evidence Lab

India Carriers, Economy, Domestic One Way, Average Yield: Change Y/Y (ForwardDepartures as of 7-Jun-20)

Source: UBS Evidence Lab

Australia Carriers, Economy, Domestic One Way, Average Yield: Change Y/Y (ForwardDepartures as of 3-May-20)

Source: UBS Evidence Lab