News that air travel has hit a record low cost of £49.40 per passenger has fuelled a new study that shows the country is saving an average of £2,900 per passenger every year.
Data from the Office for National Statistics showed air travel costs UK travel around £29 billion a year, and has been in decline for some time.
But the Office of National Statistics figures showed the average per passenger cost fell by £1.13 in the 12 months to December 31, from £49 in 2015.
It was the fifth straight month air travel prices have fallen by at least 10 per cent, following a 10 per-cent drop in 2017 and a 10-per-cent fall in 2016.
However, the Office also noted that it is not clear whether this is because of a fall in passenger numbers or fewer passengers travelling or that some other factor is at play.
“In this period, the UK has experienced two large and unexpected falls in passenger travel, both of which have resulted in a fall of more than 10 per% in the number of flights and flights per capita,” it said.
“The number of passengers travelling has fallen, but the proportion of the population travelling has risen by over 15 per cent.”
Despite this, air travel is still a major driver of the UK economy, accounting for an average annual increase of almost £17 billion in revenue for the UK.
“A total of 2,624 flights were cancelled in the UK in 2017, compared with 2,086 in 2016, according to data from the British Transport Police.
But there are still more than 9 million flights in operation and an average flight every minute, according the Office.
A further 1,000 cancelled flights were in the next 12 months, compared to an average decline of 1,800 per month in that time.”
Air travel is a vital part of the economy,” said the Office, which said it was working closely with industry to help reduce costs.”
By providing the UK with the data needed to inform policy decisions and help the industry address this challenge, we can make the most of our limited resources.
“The Office of Airports said it had identified a number of issues that could contribute to the reduction in air travel, including the following:”A number of air traffic management organisations have already been providing feedback on their approach to managing passenger volumes and passenger capacity on a case-by-case basis.
However, they are all subject to further review, and it is clear that there is no single, simple and easy solution.
“The Department of Transport said it would continue to work with the industry to deliver “a high-quality air service that delivers value for money”.