Air fares at the Cincinnati/Northern Kentucky International Airport (CVG) declined 20 percent year-over-year in the 3rd quarter Department of Transportation (DOT) report released February 9th.
For the second quarter in a row, CVG has seen a significant drop in its fare ranking among the nation’s top 100 airports dropping from No. 1, to No. 19 in the most recent report. Fares at CVG have now declined in 10 of the last 11 quarters dating back to the 1st quarter of 2013.
“We’re proud of the significant improvement we’ve made in our national air fare ranking among the top 100 airports,” said Candace McGraw, chief executive officer, Cincinnati/Northern Kentucky International Airport. “During the 3rd quarter of 2015, local passenger volume grew 23 percent year-over-year and low-cost carriers represented approximately 19 percent of CVG capacity. The response from the Tri-State community has been tremendous. Together, Allegiant and Frontier served over 300,000 CVG customers during that time period.”
CVG continues to diversify its air service offering, growing the number of low-cost carrier flights and destinations. CVG now has low-cost carrier service to 23 of its 53 nonstop destinations. This spring, Allegiant will add two more nonstop destinations with service to Destin, Florida and Baltimore-Washington International Airport.
Frontier will also expand its service to include nonstop service to Los Angeles, San Francisco, Houston and Philadelphia.
“The 3rd quarter air fare report clearly indicates that we’re making significant progress in our goal to make air travel affordable for the Tri-State region,” said J. Michael Schlotman, Kenton County Airport Board Chairman. “We’re proud to be the hometown airport for the region and proud to be experiencing our best performance in passenger traffic since 2005.”
Among Tri-State airports, CVG experienced the largest decline in average air fare.
During the 3rd quarter, CVG declined 20 percent while Louisville was up 1 percent, Dayton was down 2 percent, Columbus was down 5 percent and Indianapolis was down 10 percent.
CVG is one of three global super-hubs for DHL, and a top 10 cargo airport in North America. It is the only airport in the country to receive Safety Act Designation and Certification from the Department of Homeland Security (DHS), giving the airport the highest level of protections under the Act.
CVG
“For the second quarter in a row, CVG has seen a significant drop in its ranking among the nation’s top 100 airports dropping from No. 1 to No. 19 in the most recent report. ”
Now that is really good news! Great reporting!