Import Air Freight Prices up 55.8 Percent, Passenger Fares Down 8.9 Percent, Over Year Ended August

Import air freight prices rose 55.8% from August 2019 to August 2020. Within the import air freight category, prices of European carriers increased 53.9% and prices at Asian carriers rose 68.8% over this 12-month period.

In contrast, prices for import air passenger fares declined 8.9 percent over the past 12 months.

Export air freight prices increased 3.3% over the past year (the largest 12-month increase since February 2019), while export air passenger fares decreased 5.8% for the year ended in August, despite increases in recent months.