Total Revenue for Air Transportation, Establishments Subject to Federal Income Tax
REV481TAXABL157QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-11.10
Year-over-Year Change
79.03%
Date Range
4/1/2010 - 1/1/2025
Summary
This trend measures the total revenue for U.S. air transportation establishments subject to federal income tax. It provides insight into the financial health and economic activity of the aviation 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 Total Revenue for Air Transportation metric tracks the quarterly gross revenue for commercial airlines and other air transportation businesses that pay federal income taxes. This data point is a key indicator of industry performance and consumer demand for air travel.
Methodology
The data is collected through business surveys by the U.S. Census Bureau.
Historical Context
Economists and policymakers monitor this trend to assess the aviation sector's contribution to the broader economy.
Key Facts
- Air transportation contributed over $250 billion to the U.S. GDP in 2021.
- The aviation industry supports nearly 11 million American jobs.
- Commercial airlines accounted for over 70% of total air transportation revenue in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total quarterly revenue for U.S. air transportation establishments that are subject to federal income tax, providing insight into the financial health and economic activity of the aviation industry.
Q: Why is this trend relevant for users or analysts?
A: This data point is a key indicator of industry performance and consumer demand for air travel, making it highly relevant for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through business surveys conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the aviation sector's contribution to the broader economy and make informed decisions regarding industry regulation, infrastructure investment, and economic policies.
Q: Are there update delays or limitations?
A: There may be delays of several months in the release of this data, and the metric does not capture revenue from non-taxable air transportation establishments.
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Citation
U.S. Federal Reserve, Total Revenue for Air Transportation, Establishments Subject to Federal Income Tax (REV481TAXABL157QNSA), retrieved from FRED.