• Costa Rica Coffee Guide

Airline Ticket Prices Decrease Worldwide

January 14, 2005

DURING the past year, airline ticket prices have dropped by as much as 50%worldwide because of greater competitionand efforts by airlines to reducecosts, the daily La Nación reported.The trend toward lower rates benefitscustomers traveling from Costa Rica. Around-trip ticket from San José to Miami,Florida, is now as low as $149, while thesame ticket a year ago averaged $350.Prices dropped despite soaring petroleumprices, which reached $55 per barrel,an all-time high, in 2004.Fred Thome, United Airlines’ managerfor Costa Rica, said market forces arethe principal reason for lower prices,since airlines around the world haveunsold seats. Also, low-cost airlines continueto increase their market sharethanks to cheaper tickets, a result of measuressuch as selling tickets without intermediariesand not serving food to passengers.Regional airline Grupo TACAannounced drastic price cuts in its ticketprices – as much as 50% – last year. Thecompany expects increased passengervolume to compensate for the reducedprices, vice-president Enrique Beltranenasaid (TT, Oct. 8, 2004).

You may be interested

Businessman Guillermo Lasso wins Ecuadorian election, vows to change ‘destiny’
Ecuador
5 views
Ecuador
5 views

Businessman Guillermo Lasso wins Ecuadorian election, vows to change ‘destiny’

Hector Velasco / AFP - April 12, 2021

Former banker Guillermo Lasso pledged to change crisis-wracked Ecuador's "destiny" after overcoming leftist economist Andres Arauz in the country's presidential…

Costa Rica unemployment rate remains among world’s highest
Costa Rica
2653 views
Costa Rica
2653 views

Costa Rica unemployment rate remains among world’s highest

The Tico Times - April 12, 2021

Unemployment in Costa Rica fell to 18.5% in the moving quarter from December to February, according to the National Institute…

International arrivals to Costa Rica down 83% in first two months of 2021
Costa Rica
1933 views
Costa Rica
1933 views

International arrivals to Costa Rica down 83% in first two months of 2021

Alejandro Zúñiga - April 12, 2021

International arrivals to Costa Rica dropped 83% in January and February 2021 compared to the same months last year. According…