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01 / 05
The Cost of Flying Is Cheaper than Ever

Blog Post | Science & Technology

The Cost of Flying Is Cheaper than Ever

We should thank our lucky stars that we aren't flying in the 1970s!

We all know that travel can be exhausting and time consuming. The hours spent driving to the airport, standing in security lines, sitting on the tarmac, and traversing the skies can add up to a large chunk of our lives… and take a large chunk out of our wallets. But despite our complaints about the TSA and the price of tickets, the cost of travel has decreased and continues to decrease. If we look at a history of average domestic U.S. airfares (excluding taxes and other government-imposed charges) as well as the average amounts collected by airlines related to reservation changes and the transportation of luggage, we see that it is much cheaper to fly today than it was 30 or 40 years ago – and safer, I might add. 

In 1979 (the first year of deregulated domestic air service), domestic passengers flew an average of 1,947 miles per round trip and paid a fare of $186.22. In 2015, domestic passengers flew an average of 2,384 miles per round trip and paid a fare of $363.23. Adjusted for inflation, however, the cost of a ticket in 1979 was $441.77. In 2015, it was $263.91. That’s a reduction of over 40 percent. So the next time we complain about airlines and the high costs of air travel, we should thank our lucky stars that we aren’t flying in the 1970s! 

Speaking of the 1970s, have a look at one of our previous posts concerning the improving safety of air travel between the 1970s and today.

Euronews | Air Transport

First Test Flight of “Un-Jammable” Quantum Navigation System

“The UK says they have achieved a new frontier in aviation: the first flight with a quantum-powered navigation system that cannot be jammed by foreign actors.

A group of quantum technology and aerospace companies completed the groundbreaking trials at Boscombe Down, a military aircraft testing site last Thursday.

These flights use an atomic clock and an ‘ultra-cold-atom-based quantum system’ that detects changes in motion.

The aircraft is equipped with a quantum inertial navigation system (Q-INS) that doesn’t rely on constant satellite signals to update its position unlike current GPS systems.

That means the system will be more resistant to the effects of GPS jamming, according to the UK’s Department for Science, Innovation and Technology.”

From Euronews.

Axios | Air Transport

Delivery Drones Are Getting Bigger — Much Bigger

“Next-gen aviation startup MightyFly says it’s the first company developing a large, autonomous electric vehicle takeoff and landing (eVTOL) cargo drone that’s been approved by the Federal Aviation Administration for a flight corridor…

The corridor, connecting California’s New Jerusalem and Byron Airports (about 20 miles apart as the crow flies), will allow MightyFly to conduct a variety of flight tests with its latest drone, the 2024 Cento…

The latest Cento variant is a hybrid drone about the size of a small single-seater aircraft, and can carry 100 lbs. of cargo up to 600 miles. It’s designed for fully autonomous operation, down to loading and unloading packages. It can even move packages around inside itself to adjust weight and balance as necessary.”

From Axios.

Blog Post | Air Transport

Flying Abundance (And Safety) Has Increased Dramatically

Get 10.8 flights from New York to London today for the time price of one in 1970 and be 80.4 times safer.

Summary: Since the Wright brothers’ pioneering flight in 1903, the aviation industry has made remarkable strides in safety, affordability, and accessibility. Comparing flight prices from 1970 to today reveals a staggering 90.8 percent decrease in the time price of flying, with transcontinental flights now affordable for the average person. Additionally, advancements in aviation technology have made flying dramatically safer today than it was in 1970, and are likely to improve flying safety in the future.


The Wright brothers launched the era of aviation on December 17, 1903, with a 12-second flight. Since then, aeronautical engineers and market innovators have made the experience safer, faster, and much more affordable.

For example, in 1970 the price for a roundtrip ticket from New York to London was $550. Blue-collar workers at the time were earning around $3.93 an hour in compensation (wages and benefits). This suggests a time price of around 140 hours.

Today, the ticket price has dropped to around $467. Blue-collar workers are now earning closer to $36.15 an hour, putting the time price at 12.9 hours. The time price has fallen by 90.8 percent: for the time required to earn the money to buy one flight in 1970, you can get 10.8 flights today.

Flying abundance has increased by 980 percent, compounding at an annual rate of 4.5 percent over the last 54 years. During this same period the global population increased by 4.3 billion (117 percent), from 3.7 billion to more than 8 billion. Every 1 percentage point increase in population corresponded to an 8.4 percentage point increase in flying abundance.

Now transcontinental flights are affordable for almost everyone. Free-market entrepreneurial capitalism isn’t about making more luxuries for the wealthy, it’s about making luxuries affordable for the average person.

While it is true that the 1970s flights may have had roomier cabins and better dining, flying today is dramatically safer. The Aviation Safety Network tracks airline accident data. Revenue passenger kilometer (RPK) is a standard metric used in aviation. Using this data, Javier Mediavilla plotted the ratio of fatalities per trillion RPK from 1970 to 2019 using five-year averages. The ratio decreased by 98.76 percent, from 3,218 to 40, during this 49-year range. Flying is more than 80.4 times safer today than in 1970, and safety has been improving at a compound rate of around 9.37 percent a year.

Considering both the time price and safety, flying has become 868 times more abundant since 1970 (10.8 x 80.4 = 868). If there had been no innovation in flying since 1970,  New York to London airfare would be around $5,059 today. Only the rich could afford transatlantic flights in 1970.

The 3,442-mile flight takes around seven hours. The supersonic Concorde could fly it in less than three. While there are no commercial supersonic flights available today, Boom Supersonic, a private company based in Colorado, aims to bring them back to US airlines by 2029. Perhaps spending half as much time on flights will allow people to use their most valuable resource for other value-creating activities.

This article was published at Gale Winds on 3/26/2024.

Wall Street Journal | Air Transport

How the World’s Biggest Plane Would Supersize Wind Energy

“Mark Lundstrom, an MIT-trained rocket scientist and Rhodes scholar, has spent more than seven years with an engineering team designing the WindRunner, a gargantuan cargo plane. If completed, it will be the largest plane by length and cargo volume.

The plane’s purpose is to carry wind turbine blades the length of football fields. The blades, among the world’s longest, are currently used only for offshore projects because of transportation limitations onshore. Opening vast swaths of land to the largest turbines could transform wind energy, which has seen a slowdown in new U.S. onshore projects and price turmoil for offshore projects.

The result would be land-based wind power installations with a blade tip reaching about 300 feet higher than the current average.”

From Wall Street Journal.