Oxygen consumption, ventilation, and dynamic respiratory work were measured in three male subjects during cycling at 122 and 3500 m above sea level (ASL). At a given ventilation the dynamic respiratory work was 20% less at 3500 m ASL; this change was due to a decrease of airway resistance. At a given submaximal exercise intensity, the respiratory work was significantly higher at 3500 m ASL (+ 140%-180%); hence, the increase of ventilation was not compensated for by the decrease of airway resistance. At VO2max the respiratory work was predicted to reach its maximal value at 5800 m ASL where it was 30% higher than at sea level.