Export air passenger fares fell 2.5 percent for the year ended in May 2024

Export air passenger fares fell 2.5 percent for the year ended in May 2024, due in part to an 11.6-percent decrease in Latin American/Caribbean and a 6.1-percent decrease in Asian fares. Import air passenger fares also fell, decreasing at a rate of 1.6 percent over the past 12 months.

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.

These data are from the International Price program. To learn more, see "U.S. Import and Export Prices — May 2024." 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. Data may be revised in each of the 3 months after original publication.