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Import air passenger fares rose 9.3 percent for the year ended in October 2021

November 24, 2021

Import air passenger fares rose 9.3 percent for the year ended in October 2021, as European fares increased 20.4 percent and Asian fares declined 8.4 percent. Export air passenger fares advanced 12.4 percent over the past 12 months, led by a 26.1 percent increase in European fares.

12-month percent changes for air passenger fares, October 2021
Description Percent change

Import Air Passenger Fares

9.3%

Europe

20.4

Asia

-8.4

Latin America/Caribbean

-3.5

Export Air Passenger Fares

12.4

Europe

26.1

Asia

22.5

Latin America/Caribbean

-7.0

Import air freight prices rose 27.6 percent from October 2020 to October 2021. Within the import air freight category, prices of European carriers increased 6.7 percent and prices at Asian carriers increased 35.2 percent. Export air freight prices rose 13.5 percent over the past year. Inbound air freight prices increased 22.9 percent, while outbound air freight prices advanced 10.8 percent for the year ended in December.

12-month percent changes for air freight, October 2021
Description Percent change

Import Air Freight

27.6%

Europe

6.7

Asia

35.2

Export Air Freight

13.5

Europe

13.8

Asia

14.4

Inbound Air Freight

22.9

Europe

4.3

Asia

30.9

Outbound Air Freight

10.8

Europe

15.8

Asia

6.4

These data are from the International Price program. To learn more, see "U.S. Import and Export Prices — October 2021." Also see more charts on import and export price trends. 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. We have fact sheets that explain more about measuring price changes for air passenger fares and air freight.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Import air passenger fares rose 9.3 percent for the year ended in October 2021 at https://www.bls.gov/opub/ted/2021/import-air-passenger-fares-rose-9-3-percent-for-the-year-ended-in-october-2021.htm (visited November 29, 2021).

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