Airlines How do trends in airfares compare worldwide?
Fares for future departures are based on high-frequency observations, weighted by a standard booking curve. Forward observations are as of 5-Apr-20.
- The forward curve shows offered airfares in China and India are >10% y/y higher for flights departing in the next 3 months.
- Meanwhile, fares for future departures in the next 3 months in Japan, ASEAN, and the US are lower than a year ago by 10% y/y or more.
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Change in Average Airfares by Region (% y/y)
Source: UBS Evidence Lab
