Import air passenger fares fall 9.6 percent over the year ending January 2020
February 25, 2020
Import air passenger fares declined 9.6 percent for the 12 months ended January 2020. European (−9.6 percent) and Asian (−5.0 percent) import air passenger fares were down over the year, while Latin American and Caribbean fares increased 0.5 percent.
Export air passenger fares decreased 1.2 percent from January 2019 to January 2020. Latin American and Caribbean fares (4.5 percent) and Asian (1.1 percent) export air passenger fares increased over the year, while European fares decreased 7.5 percent.
These data are from the International Price program. To learn more, see "U.S. Import and Export Prices — January 2020." 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.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import air passenger fares fall 9.6 percent over the year ending January 2020 on the Internet at http://www.bls.gov/opub/ted/2020/import-air-passenger-fares-fall-9-point-6-percent-over-the-year-ending-january-2020.htm (visited August 04, 2020).
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