HEBRON, KY (FOX19) - New data released this week from the U.S. Department of Transportation's Bureau of Transportation Statistics shows that Cincinnati tied with Memphis for the highest average airfare in the second quarter of 2011.
Both had average airfares of $476. The national average was $370, up 8.5 percent from the second quarter of 2010.
Atlantic City, NJ, had the lowest average fares at $205.
Second-quarter fares increased 3.9 percent from the first quarter, the second consecutive quarterly increase.
Cincinnati traveler Mark Faust says he is not surprised by the high ranking due to the airport's lack of competition to control pricing.
"While the cost doesn't impact me I'm very concerned about how it impacts the business I'd like to see come to Cincinnati because there's so many meetings we lose that we could have here if we had better air lift and better prices," says Faust.
Businessmen and women traveling through CVG have a different reaction, while many are aware of the increase in prices they did not expect Cincinnati to rank so high.
"That was shocking to me...I would have thought just the opposite," says Shauna Weatherspoon.
"I can understand that it is high here and I don't really know why it's so high but it's pretty unacceptable," says Matthew Barbour.
Fares are based on the total ticket value which consists of the price charged by the airlines plus any additional taxes and fees levied by an outside entity at the time of purchase. Fares include only the price paid at the time of the ticket purchase and do not include other fees, such as baggage fees, paid at the airport or onboard the aircraft. Averages do not include frequent-flyer or "zero fares" or a few abnormally high reported fares.
The complete report is available by clicking here.