Total Revenue for Scheduled Passenger Air Transportation, All Establishments, Employer Firms
REVEF481111ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
209,247.00
Year-over-Year Change
64.89%
Date Range
1/1/2009 - 1/1/2022
Summary
This economic trend measures the total revenue generated by scheduled passenger air transportation providers in the United States. It is a key indicator of activity and demand in 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 total revenue for scheduled passenger air transportation tracks the overall sales and receipts of companies engaged in providing air transportation for passengers on a scheduled basis. This metric provides insight into the financial health and performance of the U.S. airline sector.
Methodology
The data is collected through surveys of employer firms in the scheduled passenger air transportation industry.
Historical Context
This trend is closely monitored by industry analysts, policymakers, and economists to gauge the economic conditions and outlook for the airline sector.
Key Facts
- Airline revenue reached $198 billion in 2019 before the COVID-19 pandemic.
- Passenger air transportation accounts for over 70% of total revenue in the U.S. airline industry.
- The airline industry is a significant contributor to the U.S. economy, generating over $1.7 trillion in economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by companies engaged in providing scheduled passenger air transportation services in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall financial health and performance of the U.S. airline industry, which is a key part of the transportation and consumer sectors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employer firms in the scheduled passenger air transportation industry.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to gauge the economic conditions and outlook for the airline sector, which has broader implications for transportation, consumer spending, and overall economic activity.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with some potential for delays in reporting due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Total Revenue for Scheduled Passenger Air Transportation, All Establishments, Employer Firms (REVEF481111ALLEST), retrieved from FRED.