McGhee Tyson Airport (TYS) officials say they've been recognized for decreasing airfares.
According to the most-recent U.S. Department of Transportation's Bureau of Transportation Statistics (BTS) study, while US average domestic airfares increased 6.2 percent from reported 2010 third quarter levels, average airfares at McGhee Tyson Airport decreased 3 percent. TYS officials says only two other airports included in the study had greater airfare decreases.
"McGhee Tyson Airport is seeing dramatic airfare reductions due to the arrival of Frontier Airlines and their low fares to Denver and numerous cities in the West." said Howard Vogel, Chairman of the Metropolitan Knoxville Airport Authority's (MKAA) Board of Commissioners. "The BTS study only confirms what we have known all along - that the growth of competition provided by low-fare carriers including Frontier Airlines and Allegiant Air at McGhee Tyson Airport is directly responsible for the success we have had in lowering the average cost of air travel for East Tennesseans. While we are pleased that our airfares are becoming more affordable, we also are mindful that history has shown that if not supported, low-fare carriers will leave our market. If that happens, our airfares will quickly rise. Healthy route competition is good business."