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Report: CVG Airport has Lowest Fares in Region

The fares continue to decline at the Cincinnati/Northern Kentucky International Airport (CVG) and now it's the cheapest place to fly out of in the region.

The U.S. Department of Transportation released its average airfare ranking report for the second quarter of 2017.

Among the top 100 U.S. domestic airports, CVG ranked #69, the best ranking achieved by CVG since the report was first published in 1995.

Overall, airfares at CVG have dropped 16 of the last 17 quarters dating back to the second quarter of 2013. In those four years, fares have dropped approximately 37 percent, and passengers are paying $200 less per ticket, according to a news release.

“CVG is proud to now be the lowest fare airport in the Tri-State region,” said Candace McGraw, chief executive officer, CVG. “Passengers are paying on average $200 less per ticket than they were four years ago. Our community has responded very positively, proven by our passenger volumes growing more than 70 percent over the last four years.”

CVG average fare ranked #69 compared to #40 in 2Q 2016 and with average fare of $342, a decrease of 13 percent compared to $385 in 2016. National average fares decreased only 0.9 percent. CVG’s percentage decrease was nearly 13 times better than national average. 

Regional comparisons:

  • CVG ranked #69 – average fare $342
  • Indianapolis ranked #63 – average fare $354
  • Columbus (CMH) ranked #50 – average fare $369
  • Dayton (DAY) ranked #28 – average fare $401
  • Louisville (SDF) ranked #15 – average fare $433
  • Lexington (LEX) ranked #14 – average fare $433
 
In 2017, CVG has launched eight new routes (San Diego, San Francisco, New York City, Miami, Minneapolis/St. Paul, Denver, Chicago, Baltimore/Washington), and announced an additional eight domestic routes (Providence/Boston, San Jose, Los Angeles, Austin, San Antonio, Jacksonville, Raleigh/Durham x2), and new international service with WOW Air, all that will start later this year and in spring 2018. 
 
-Staff report