Revenue and Non-Revenue Passenger-Miles, Domestic Airlines for United States
M03071USM429NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.08
Year-over-Year Change
41.70%
Date Range
7/1/1931 - 12/1/1941
Summary
This economic indicator tracks the total number of passenger-miles flown by domestic airlines in the United States, including both revenue and non-revenue passengers. It provides insights into air travel demand and capacity utilization within the airline industry.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Revenue and Non-Revenue Passenger-Miles metric represents the total distance traveled by all passengers on domestic airline flights, regardless of whether they paid for their tickets. It is a key measure of airline activity and a leading indicator of economic conditions and consumer confidence.
Methodology
The data is collected and reported monthly by the U.S. Bureau of Transportation Statistics based on reports from domestic airlines.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to assess the health and trajectory of the airline sector and broader economy.
Key Facts
- Passenger-miles are calculated by multiplying the number of revenue and non-revenue passengers by the distance traveled.
- This metric provides insights into both consumer demand and airline capacity utilization.
- Trends in passenger-miles can signal changes in economic activity, consumer confidence, and travel preferences.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of passenger-miles flown by domestic airlines in the United States, including both revenue and non-revenue passengers.
Q: Why is this trend relevant for users or analysts?
A: Trends in domestic airline passenger-miles provide insights into consumer demand, economic conditions, and the overall health of the airline industry.
Q: How is this data collected or calculated?
A: The data is collected and reported monthly by the U.S. Bureau of Transportation Statistics based on reports from domestic airlines.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by policymakers, economists, and industry analysts to assess the state of the airline sector and broader economy.
Q: Are there update delays or limitations?
A: The data is reported monthly with a short lag, providing timely insights into the airline industry and broader economic trends.
Related Trends
Revenue Ton-Miles Per Serviceable Freight Locomotive, Class I Railroads for United States
M03055USM594NNBR
Total Revenue Passengers, Street Railways and Buses for United States
A032BBUSA442NNBR
Operating Revenues of Railroads, Freight for United States
M0316BUSM144NNBR
Net Ton-Miles Per Train-Mile, Class I Railroads for United States
M03046USM611NNBR
Traffic Units Per Man-Hour Worked by Railway Employees for Whom Hours Are Reported for United States
M03064USM613SNBR
Freight Receipts, Selected Railways for Great Britain
M03005GBM591NNBR
Citation
U.S. Federal Reserve, Revenue and Non-Revenue Passenger-Miles, Domestic Airlines for United States (M03071USM429NNBR), retrieved from FRED.