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Import air passenger fares rose 3.4 percent in October 2019

November 22, 2019

Import air passenger fares rose 3.4 percent in October, driven by a 4.0 percent increase in Latin American/Caribbean fares and a 3.5 percent increase in Asian fares. Import air passenger fares fell 4.9 percent over the 12 months ended in October.

Export air passenger fares declined 2.1 percent in October. Export fares declined in all markets, led by a 4.1 percent decrease in Asian fares. Export air passenger fares fell 3.6 percent from October 2018 to October 2019.

Monthly percent changes for air passenger fares, October 2019
Description Imports Exports

All fares

3.4% -2.1 %

Europe

0.2 -2.9

United Kingdom

-5.0 -0.5

Other Europe

1.2 -3.8

Asia

3.5 -4.1

Latin America/Caribbean

4.0 -1.7

These data are from the International Price program. To learn more, see "U.S. Import and Export Prices — October 2019." See more charts on import and export price trends. Import and export prices are subject to revision for the first 3 months after they are originally published. Import air passenger fare indexes measure fares paid to foreign carriers by U.S. residents for international travel. Export air passenger fare indexes measure changes in fare prices paid to U.S. carriers by foreign residents for international travel. 

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import air passenger fares rose 3.4 percent in October 2019 on the Internet at https://www.bls.gov/opub/ted/2019/import-air-passenger-fares-rose-3-point-4-percent-in-october-2019.htm (visited October 30, 2020).

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