The Colorado Springs Airport saw a 0.4 percent decrease in the cost of average domestic airfare between third quarter 2006 and third quarter 2007.
The Pikes Peak region’s average fares, based on the latest statistics released this week by the Bureau of Transportation Statistics, decreased slightly to $390.25, down from $391.93.
For the same period, Denver saw a 0.5 percent increase in average domestic airfares. The report covered the top 100 air markets in the United States.
The local decline in fare prices is attributed in large part to the origination of new flights by Midwest and Expressjet Airlines in 2007 said Mark Earle, aviation director at the Colorado Springs Airport.
“We knew fares were going down, but hadn’t seen the results. It’s clearly because of increased competition,” he said.