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Export air passenger fares rose 14.6 percent for the year ended in October 2022

November 25, 2022

Export air passenger fares rose 14.6 percent for the year ended in October 2022, due in part to a 33.5-percent increase in Latin American/Caribbean and an 11.5-percent increase in Asian fares. Import air passenger fares advanced 13.4 percent over the past 12 months.

12-month percent changes for air passenger fares, October 2022
Description Percent change

Import Air Passenger Fares

13.4%

Europe

16.5

Asia

20.0

Latin America/Caribbean

34.8

Export Air Passenger Fares

14.6

Europe

10.9

Asia

11.5

Latin America/Caribbean

33.5

Export air freight prices increased 11.7 percent from October 2021 to October 2022. Within the export air freight category, prices of Asian carriers increased 23.0 percent and prices at European carriers fell 1.3 percent. Import air freight prices fell 20.6 percent over the past year. Outbound air freight prices rose 48.4 percent, while inbound air freight prices fell 20.2 percent for the year ended in October.

12-month percent changes for air freight, October 2022
Description Percent change

Import Air Freight

-20.6%

Europe

-1.3

Asia

-26.6

Export Air Freight

11.7

Europe

-1.3

Asia

23.0

Inbound Air Freight

-20.2

Europe

-1.7

Asia

-25.1

Outbound Air Freight

48.4

Europe

14.3

Asia

91.0

These data are from the International Price program. To learn more, see "U.S. Import and Export Prices — October 2022." We also have more charts on import and export price trends, as well as fact sheets that explain more about measuring price changes for air passenger fares and air freight.

Import air transportation price data measure payments to foreign carriers by U.S. residents for international air transportation services. Export air transportation price data measure payments to U.S. carriers by foreign residents for international air transportation. Data may be revised in each of the 3 months after original publication.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Export air passenger fares rose 14.6 percent for the year ended in October 2022 at https://www.bls.gov/opub/ted/2022/export-air-passenger-fares-rose-14-6-percent-for-the-year-ended-in-october-2022.htm (visited February 07, 2023).

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