CVG average airfare prices continue to drop, now lowest in the region

HEBRON, Ky. -- Cincinnati/Northern Kentucky International Airport now has the cheapest average airfare in the region, according to new data the U.S. Department of Transportation released. 

CVG ranked in at 83rd in terms of airfare price among the top 100 U.S. domestic airports, with an average ticket price of $301 in the third quarter of 2017. 

That's down significantly from the third quarter of 2013, when CVG had the highest ticket prices in the country with an average price of $558. The average fare at CVG has dropped each year's third quarter since then, to $550 in 2014, $440 in 2015 and $371 in 2016. 

The average airfare at CVG is now lower than those at other airports in the region, including Indianapolis (rank 61, average fare $335), Columbus (45, $353), Louisville (21, $395), Dayton (20, $400) and Lexington (10, $419), according to a news release. 

During 2017 and so far this year, CVG launched 11 new routes and announced eight more domestic routes, in addition to upcoming international service with WOW Air. Candace McGraw, CVG's CEO, attributed the lower prices to the increased traffic. 

“As our passenger traffic increases, and airline competition increases, airfares go down," McGraw said in a news release. "CVG passengers are paying on average $250 less per ticket than they were four years ago."

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