Q1 2026
Airfares on the top US route pairs
Check-in with the latest US airfare analysis for Q1 2026.
US airfares key findings
- Airfares have decreased year-on-year on 13 of the top 20 US routes, with differences largely driven by changes in capacity and airline competition.
- The largest domestic fare change was on Atlanta (ATL) - Fort Lauderdale (FLL), down 42%.
- Internationally, the largest fare change was on LaGuardia (LGA) - Toronto Pearson (YYZ), where fares declined by 45%.
ULCC expansion — Frontier, JetBlue, Spirit reshuffling — has driven sharp fare compression on Florida and transcontinental routes. ATL-FLL fell ~42% and LAS-LAX fell ~20% outbound year-on-year.
Southwest's retreat from multiple Florida routes is reshaping competitive dynamics. Carriers absorbing those seats are pricing aggressively, raising questions about sustainable unit economics on routes like MCO-ORD (+29% capacity, −15% fares).
HNL-OGG stands apart: a duopoly market (Hawaiian + Southwest) is delivering modest fare growth of 4–5% despite capacity reduction. Demonstrates how market structure influences pricing power even when volume contracts.
| Route | Seat Capacity | Carriers | Outbound Fare (USD) | Inbound Fare (USD) | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| #⇅ | Code⇅ | Route Name⇅ | 2026 Seats⇅ | 2025 Seats⇅ | Chg %⇅ | 2026⇅ | 2025⇅ | OB 2026⇅ | OB 2025⇅ | OB Chg⇅ | IB 2026⇅ | IB 2025⇅ | IB Chg⇅ |
Route Commentary — Domestic
Core business routes — JFK-LHR, CDG-JFK — are seeing modest capacity reductions paired with fare increases of 5–7%, indicating inelastic premium demand is supporting yield on blue-chip business corridors.
LHR-MIA outbound fares dropped ~20% — the sharpest move across all international routes — signalling weakening leisure transatlantic demand. EZE-MIA, with LATAM entry pushing a 40% capacity surge, shows similar dynamics in the South America corridor.
LGA-YYZ saw fares fall ~45% outbound following Porter's market entry as the 4th carrier. Quasi-domestic routes (MCO-SJU, JFK-SJU) warrant monitoring for sustained profitability at current load factors.
| Route | Seat Capacity | Carriers | Outbound Fare (USD) | Inbound Fare (USD) | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| #⇅ | Code⇅ | Route Name⇅ | 2026 Seats⇅ | 2025 Seats⇅ | Chg %⇅ | 2026⇅ | 2025⇅ | OB 2026⇅ | OB 2025⇅ | OB Chg⇅ | IB 2026⇅ | IB 2025⇅ | IB Chg⇅ |
Route Commentary — International
About US airfares quarterly data
Every quarter discover data on each one-way route with a year-on-year comparison (eg: Q1 2026 vs Q1 2025) for airline total capacity, number of airlines operating on the route, and lowest average one-way economy airfares (USD) for both inbound and outbound.
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