Airline Ticket Prices Fall 19 Percent Amid Less Demand, More Flights

Airline Ticket Prices Fall 19 Percent Amid Less Demand, More Flights
An Air Canada jet taxis at the airport in Vancouver, B.C., on Nov. 15, 2023. The Canadian Press/Adrian Wyld
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Statistics Canada says airfares have plummeted over the past year, as airlines shore up capacity even while consumers think twice about travelling in a world of higher costs.

In its consumer price index (CPI) on Nov. 21, the agency said the price of air transportation dropped 19.4 percent last month compared with October 2022.