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Export air passenger fares declined 7.2 percent over the year ended September 2023

October 25, 2023

Export air passenger fares, which measure payments to U.S. carriers by foreign residents for international air transportation, declined 7.2 percent over the year ended September 2023. This was the largest 12-month decline since fares fell 11.5 percent over the year ended July 2020.

Export air passenger fares by origin, 12-month percent change, September 2013–September 2023
Month All origins Europe United Kingdom Other Europe Asia Japan Other Asia Latin America/Caribbean Central/South America

Sep 2013

-1.2 1.8 -5.9 4.3 -10.9 -17.4 -7.1 -13.5 -8.1

Oct 2013

-3.6 0.5 -12.2 4.8 -13.5 -19.6 -7.7 -8.9 1.6

Nov 2013

-3.1 2.3 -2.7 4.0 -10.3 -15.1 -5.9 -11.0 -4.9

Dec 2013

3.2 -0.1 -7.7 2.4 -9.6 -11.6 -5.4 5.3 9.6

Jan 2014

-1.6 -3.0 -11.6 -0.1 -8.0 -9.6 2.0 1.6 6.6

Feb 2014

-6.3 -3.8 -8.1 -2.4 -11.8 -13.8 -3.4 2.7 9.8

Mar 2014

-3.6 -2.4 -5.5 -1.4 -6.9 -7.7 -4.6 2.2 9.5

Apr 2014

1.9 5.2 2.7 6.3 -0.7 5.7 -8.4 3.7 6.6

May 2014

-1.2 5.0 4.3 5.3 -0.3 -0.9 3.0 6.6 10.4

Jun 2014

0.4 1.8 4.6 1.0 0.5 11.3 -6.2 3.7 7.2

Jul 2014

0.5 -0.7 -2.5 -0.3 3.3 12.2 -3.5 -8.7 -8.2

Aug 2014

3.9 -4.6 -13.0 -1.7 1.0 2.4 -0.2 -5.0 -2.0

Sep 2014

1.8 4.4 2.9 4.8 0.7 4.7 0.1 -1.4 -3.2

Oct 2014

1.6 7.0 12.0 5.5 1.1 3.1 -2.0 -5.8 -4.2

Nov 2014

-1.8 -2.2 -2.9 -1.7 2.4 0.9 0.6 -5.8 -4.1

Dec 2014

-2.0 4.4 1.8 5.1 0.2 -3.7 -2.9 -4.8 -4.9

Jan 2015

-4.0 1.5 3.3 0.9 -8.3 -9.6 -8.2 -8.1 -9.9

Feb 2015

-5.1 -0.8 4.5 -2.6 -3.8 -7.4 -7.4 -10.2 -13.1

Mar 2015

-7.8 -3.1 5.1 -5.8 -7.8 -14.4 -5.8 -9.3 -11.4

Apr 2015

-13.8 -9.8 -11.3 -9.6 -14.7 -23.6 -9.1 -14.1 -11.6

May 2015

-13.1 -9.8 -3.8 -11.8 -14.5 -16.7 -15.5 -14.9 -13.9

Jun 2015

-14.2 -13.0 -9.5 -14.2 -14.9 -25.5 -8.3 -12.8 -15.8

Jul 2015

-14.2 -9.0 -2.7 -10.8 -16.2 -25.5 -9.2 -6.5 -7.0

Aug 2015

-17.5 -10.3 -3.0 -12.6 -15.2 -22.0 -7.1 -10.7 -16.2

Sep 2015

-17.0 -8.6 3.2 -12.2 -14.6 -19.3 -9.0 -19.0 -24.5

Oct 2015

-15.6 -10.8 1.3 -14.5 -11.3 -15.5 -2.3 -17.3 -22.9

Nov 2015

-11.5 -2.3 7.3 -5.7 -12.9 -10.1 -11.1 -14.5 -22.8

Dec 2015

-14.6 -11.7 -3.2 -14.2 -14.6 -9.3 -9.1 -18.5 -22.2

Jan 2016

-11.0 -7.3 4.1 -10.9 -9.1 -8.8 -5.5 -11.0 -16.8

Feb 2016

-10.9 -6.7 -1.7 -8.3 -7.9 -9.5 0.3 -16.3 -19.4

Mar 2016

-4.9 6.5 1.1 8.5 -6.7 0.8 -10.0 -15.0 -19.8

Apr 2016

-7.2 -1.7 13.8 -6.8 -4.8 4.5 -3.3 -12.4 -18.1

May 2016

-10.2 -9.0 -4.5 -10.5 -6.1 3.5 -12.2 -9.4 -12.2

Jun 2016

-9.2 -7.1 -5.8 -7.5 -6.6 0.3 -13.3 -10.7 -7.1

Jul 2016

-9.9 -13.6 -8.4 -15.4 -5.7 2.0 -11.6 -5.0 0.9

Aug 2016

-7.1 -9.9 -8.8 -10.4 -4.3 12.2 -15.9 -5.1 -0.7

Sep 2016

-6.7 -9.3 -8.1 -9.8 -6.4 2.4 -13.6 3.4 14.4

Oct 2016

-3.0 -3.6 -3.2 -3.8 -5.7 4.9 -16.2 8.0 14.4

Nov 2016

1.4 -3.7 -4.5 -3.5 1.5 6.2 -4.1 5.4 18.2

Dec 2016

4.7 9.3 3.3 11.3 1.3 3.0 -2.7 4.8 18.9

Jan 2017

0.5 3.1 -0.8 4.4 2.2 2.2 1.9 -0.7 11.3

Feb 2017

2.7 10.5 5.1 12.4 -2.7 9.1 -11.8 5.6 20.6

Mar 2017

-0.5 -8.0 -0.4 -10.8 -1.7 8.3 -6.2 7.0 19.6

Apr 2017

-0.5 -5.7 -10.7 -3.9 0.2 3.1 -10.8 8.6 19.0

May 2017

1.9 0.9 -3.6 2.5 -7.5 -4.1 -13.8 5.9 9.5

Jun 2017

2.2 -2.4 -5.3 -1.5 -4.2 5.4 -14.8 4.8 8.5

Jul 2017

4.4 2.8 -6.1 5.9 -5.2 3.3 -15.5 2.9 -0.6

Aug 2017

-2.2 -5.9 -12.1 -3.7 -9.9 -6.7 -16.4 3.3 1.9

Sep 2017

1.0 6.4 4.2 7.0 -4.9 -3.5 -10.5 5.7 8.5

Oct 2017

2.0 6.8 -7.8 12.4 -8.3 -5.1 -10.6 -2.7 7.6

Nov 2017

-1.6 5.3 -4.4 9.0 -11.4 -6.3 -14.8 0.6 5.0

Dec 2017

-5.8 -6.6 -2.9 -7.8 -5.0 -0.3 -10.0 -0.8 -1.0

Jan 2018

-1.9 -5.4 -11.6 -3.0 -2.8 8.9 -18.9 3.8 2.2

Feb 2018

2.3 -4.0 -8.1 -2.6 4.5 7.9 -6.3 5.7 3.2

Mar 2018

1.7 2.7 -5.4 5.9 4.4 9.2 -4.0 0.1 3.2

Apr 2018

4.1 7.2 -4.3 11.4 0.5 11.4 -3.8 2.0 6.6

May 2018

1.4 3.6 -4.0 7.3 3.2 10.6 -0.8 -1.2 3.5

Jun 2018

1.5 2.3 -5.2 5.8 6.3 12.0 5.0 1.6 6.9

Jul 2018

-1.8 0.8 -4.2 4.2 10.7 12.5 12.9 -3.9 6.0

Aug 2018

-3.3 4.3 -6.8 9.0 -2.9 -3.7 -5.0 -3.9 10.4

Sep 2018

2.4 -3.8 -13.9 1.0 13.5 22.8 6.9 -5.8 -7.5

Oct 2018

-2.9 -6.8 -5.1 -6.7 9.3 18.3 -1.6 -6.2 -11.9

Nov 2018

-3.3 -6.5 -6.3 -5.6 7.4 15.4 1.0 -6.8 -13.3

Dec 2018

-5.0 0.6 -2.3 2.5 -0.7 15.1 -14.3 -12.7 -14.3

Jan 2019

-2.9 3.1 -2.9 6.6 -0.7 -0.8 6.4 -6.8 -5.6

Feb 2019

-4.0 -5.9 -5.0 -5.2 0.3 15.1 -7.6 -10.4 -17.6

Mar 2019

-5.8 -7.2 -10.8 -4.7 -0.5 6.9 -6.2 -7.6 -13.6

Apr 2019

-3.5 -5.2 -11.5 -2.3 0.0 6.2 -4.8 -3.3 -8.9

May 2019

-2.1 -4.3 -11.0 -1.9 3.4 12.4 -3.8 -3.3 -6.7

Jun 2019

-3.0 -5.3 -10.3 -2.9 1.9 11.7 -6.0 -2.5 -7.2

Jul 2019

-1.4 -2.5 -9.2 0.0 -0.8 6.7 -7.1 3.1 -0.8

Aug 2019

-0.8 -2.8 -10.6 -0.7 0.3 6.9 -5.0 1.5 -0.5

Sep 2019

-3.2 -6.2 -11.3 -4.8 -3.2 1.9 -7.9 0.6 -1.7

Oct 2019

-3.6 -8.8 -13.0 -7.7 -1.3 5.3 -6.9 0.9 0.7

Nov 2019

-0.5 -5.9 -11.9 -4.9 2.8 7.1 -1.8 0.1 3.7

Dec 2019

-2.6 -9.7 -12.1 -9.9 -3.1 -1.0 -5.6 7.2 9.0

Jan 2020

-2.2 -8.0 -14.2 -6.9 -1.5 0.3 -4.5 4.6 7.0

Feb 2020

-2.6 -7.6 -18.0 -4.8 -1.9 3.4 -6.9 2.9 5.2

Mar 2020

-8.1 -12.3 -20.4 -10.5 -7.9 -8.3 -8.7 -2.6 -2.1

Apr 2020

-14.1 -24.3 -27.7 -24.5 -9.7 -15.8 -5.6 -7.1 -5.0

May 2020

-15.2 -27.8 -34.7 -27.0 -5.6 -18.2 3.5 -7.6 -6.5

Jun 2020

-13.3 -22.7 -27.4 -22.1 -5.5 -15.3 -1.1 -10.2 -9.9

Jul 2020

-11.5 -19.9 -21.8 -21.1 -2.9 -23.9 9.6 -13.1 -13.7

Aug 2020

-5.8 -16.3 -12.4 -18.6 10.6 4.6 14.2 -13.8 -16.4

Sep 2020

5.3 -16.2 -19.8 -16.3 44.1 -5.9 94.8 -9.6 -8.9

Oct 2020

3.3 -11.6 -13.3 -12.3 18.8 -1.6 39.9 2.2 2.4

Nov 2020

14.5 -4.2 -1.2 -6.4 65.4 -3.4 144.2 -5.2 -1.4

Dec 2020

4.4 -2.2 2.3 -7.0 27.2 7.2 49.8 -11.5 -12.5

Jan 2021

8.0 2.2 8.7 -2.6 37.3 20.1 54.8 -12.2 -9.5

Feb 2021

13.5 9.9 9.3 8.6 48.4 11.0 94.6 -16.6 -12.6

Mar 2021

16.7 9.6 23.4 3.9 54.3 23.8 91.9 -15.5 -12.6

Apr 2021

26.9 28.1 50.8 20.4 51.7 40.6 68.1 -2.5 -5.5

May 2021

25.2 35.3 58.4 30.0 33.0 28.2 41.6 -0.9 -1.7

Jun 2021

26.9 25.0 48.4 16.5 36.7 40.7 39.8 11.3 2.5

Jul 2021

30.2 29.9 49.3 24.9 45.6 75.6 32.6 14.8 9.3

Aug 2021

28.3 31.3 54.4 25.0 39.6 40.8 39.7 13.5 6.3

Sep 2021

10.5 30.0 46.0 25.9 0.2 39.8 -18.3 5.0 -6.8

Oct 2021

12.4 26.1 30.9 25.1 22.5 24.6 22.8 -7.0 -21.5

Nov 2021

-1.0 12.2 10.7 13.7 -16.9 19.9 -33.5 -0.7 -12.7

Dec 2021

11.9 13.6 18.3 15.6 14.5 10.3 17.2 9.6 3.4

Jan 2022

8.4 9.4 9.9 12.8 2.7 8.3 -3.0 17.1 16.2

Feb 2022

1.0 -2.1 13.3 -5.6 12.8 7.2 15.8 4.6 -4.9

Mar 2022

9.8 10.2 10.8 12.3 16.7 -0.3 25.9 18.3 4.4

Apr 2022

9.7 12.0 7.0 16.3 9.0 12.7 4.0 16.9 9.7

May 2022

14.6 14.9 11.9 17.7 20.8 22.5 18.4 23.1 12.6

Jun 2022

12.0 17.4 6.4 25.5 13.0 2.3 21.6 18.2 20.0

Jul 2022

12.1 15.4 10.5 19.9 8.0 1.8 15.4 22.0 26.7

Aug 2022

7.7 9.4 2.0 14.6 5.9 -5.3 16.6 24.0 35.5

Sep 2022

13.8 15.0 11.5 19.2 13.5 -2.8 25.7 27.3 43.2

Oct 2022

14.6 10.9 6.3 15.8 11.5 11.8 11.5 33.5 54.5

Nov 2022

13.9 7.4 6.6 10.1 19.9 5.2 31.7 33.5 48.2

Dec 2022

7.7 1.6 -3.8 4.6 7.9 -4.8 18.0 23.0 30.2

Jan 2023

12.4 8.4 2.3 10.1 10.3 -10.8 23.8 21.5 21.2

Feb 2023

9.2 9.0 0.4 12.6 -7.6 -12.0 -6.1 34.3 45.5

Mar 2023

8.5 3.6 -6.9 6.8 -17.5 -2.8 -21.9 34.9 43.3

Apr 2023

9.1 2.4 -9.8 6.0 4.3 -0.4 15.9 21.8 25.4

May 2023

0.4 4.0 -8.6 6.2 0.9 -13.9 12.6 5.1 12.1

Jun 2023

4.2 15.1 5.1 15.7 5.9 -1.5 12.4 2.8 2.0

Jul 2023

0.2 8.6 -2.4 9.6 3.6 -10.4 12.8 -2.3 -1.1

Aug 2023

-6.4 6.6 -1.8 7.6 -6.1 -16.5 0.6 -8.8 -10.0

Sep 2023

-7.2 1.8 -7.7 2.9 -6.8 -12.3 -3.4 -6.3 -12.0

From September 2022 to September 2023, export air passenger fares from Asia declined 6.8 percent. A 12.3-percent decrease in fares from Japan and a 3.4-percent decrease in fares from other Asian countries contributed to the decline.

Latin America/Caribbean fares fell 6.3 percent over the year, due in part to a 12.0-percent decline in fares from Central/South America.

Export air passenger fares from Europe rose 1.8 percent, as a 7.7-percent decline in fares from the United Kingdom was more than offset by a 2.9-percent rise in fares from other European countries.

These data are from the International Price program. To learn more, see "U.S. Import and Export Prices — September 2023." Data may be revised in each of the 3 months after original publication. 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.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Export air passenger fares declined 7.2 percent over the year ended September 2023 at https://www.bls.gov/opub/ted/2023/export-air-passenger-fares-declined-7-2-percent-over-the-year-ended-september-2023.htm (visited May 30, 2024).

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