Import air passenger fares down 9.1 percent over year ending August 2016

September 16, 2016

Import air passenger fares fell 9.1 percent from August 2015 to August 2016. This decline continued a longer trend; the last 12-month increase in import airfares occurred from March 2014 to March 2015.

Import air passenger fares over-the-year percent change
Month Global Europe Asia Latin America & Caribbean

Jan 2012

8.8% 4.5% 9.7% 13.3%

Feb 2012

11.8 7.6 17.2 12.1

Mar 2012

10.9 8.8 7.0 9.3

Apr 2012

10.3 9.8 9.3 5.9

May 2012

5.1 0.2 10.2 0.8

Jun 2012

8.6 7.9 5.9 3.8

Jul 2012

5.2 5.5 3.9 -1.0

Aug 2012

2.5 3.9 2.5 -5.2

Sep 2012

3.0 4.5 0.5 -6.4

Oct 2012

3.1 6.3 0.5 -6.9

Nov 2012

2.9 12.7 -5.0 -2.3

Dec 2012

8.2 17.5 5.4 -1.0

Jan 2013

3.9 14.1 1.4 -8.5

Feb 2013

2.3 16.6 -6.3 -7.8

Mar 2013

1.7 14.2 0.1 -5.8

Apr 2013

1.2 11.6 1.1 -7.7

May 2013

2.6 12.4 -1.6 -3.5

Jun 2013

2.9 7.4 2.1 -0.4

Jul 2013

2.1 6.4 -0.2 -0.2

Aug 2013

-0.5 6.2 -3.0 0.4

Sep 2013

1.1 10.5 -4.1 3.5

Oct 2013

3.4 10.3 -1.6 3.1

Nov 2013

7.9 10.3 1.3 0.8

Dec 2013

8.2 5.4 0.8 1.4

Jan 2014

5.1 2.8 0.3 2.8

Feb 2014

6.7 3.6 3.4 1.2

Mar 2014

4.8 3.0 0.2 0.5

Apr 2014

4.8 0.1 -2.9 3.7

May 2014

5.0 4.3 1.9 2.1

Jun 2014

1.4 -1.1 -3.2 -2.3

Jul 2014

2.6 1.8 -1.6 -2.1

Aug 2014

6.7 3.1 1.7 0.1

Sep 2014

6.3 2.0 0.9 0.9

Oct 2014

4.4 0.8 0.1 4.3

Nov 2014

1.9 1.2 -0.7 -1.3

Dec 2014

2.7 4.5 -0.2 -0.7

Jan 2015

2.3 8.6 -6.9 -1.7

Feb 2015

-0.6 8.1 -9.7 0.2

Mar 2015

0.5 9.5 -4.5 -1.0

Apr 2015

-2.7 5.0 -6.2 -4.8

May 2015

-2.9 4.6 -8.0 -5.5

Jun 2015

-1.1 2.4 -5.2 -5.7

Jul 2015

-2.4 0.7 -6.5 -4.4

Aug 2015

-3.2 -1.5 -7.8 -5.4

Sep 2015

-7.2 -1.1 -8.3 -9.1

Oct 2015

-4.7 0.4 -5.0 -13.0

Nov 2015

-2.2 2.6 -4.8 -11.3

Dec 2015

-9.9 -9.9 -7.2 -8.4

Jan 2016

-4.3 -3.0 -2.5 -13.8

Feb 2016

-3.3 -2.2 -3.0 -11.7

Mar 2016

-6.3 -9.7 -7.6 -11.2

Apr 2016

-0.2 0.3 -1.2 -12.4

May 2016

-0.5 -2.6 -4.1 -9.5

Jun 2016

-8.4 -7.4 -6.9 -4.6

Jul 2016

-8.3 -8.9 -6.8 -4.7

Aug 2016

-9.1 -8.4 -9.4 -4.1

Asian airfares, which last increased over the year ending October 2014, had the largest decrease from August 2015 to August 2016, 9.4 percent. European airfares fell 8.4 percent over the year; they last rose from April 2015 to April 2016.

Latin American and Caribbean fares experienced the smallest decline, falling 4.1 percent from August 2015 to August 2016. The most recent 12-month price increase for Latin American and Caribbean flights happened from February 2014 to February 2015.

These data are from the International Price program. Import and export prices are subject to revision for the first 3 months after they are originally published. Import air passenger fares indexes represent changes in the average revenue per passenger received by foreign carriers from U.S. residents. To learn more, see “U.S. Import and Export Prices — August 2016” (HTML) (PDF). See more charts on import and export price trends in Charts related to the latest “U.S. Import and Export Price Indexes” news release.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import air passenger fares down 9.1 percent over year ending August 2016 on the Internet at https://www.bls.gov/opub/ted/2016/import-air-passenger-fares-down-9-point-1-percent-over-year-ending-august-2016.htm (visited September 21, 2019).

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