FAA Aerospace Forecasts. Fiscal Years 2003 - 2014
Abstract
This report contains the Federal Aviation Administration (FAA) forecasts of aviation activity at FAA facilities for fiscal years 2003-2014. These include airports with FAA and contract control towers, air route traffic control centers, and flight service stations. Detailed forecasts were developed for the major users of the National Aviation System--air carriers, air taxi/commuters, general aviation, and military. The forecasts have been prepared to meet the budget and planning needs of the constituent units of the FAA and to provide information that can be used by State and local authorities, the aviation industry, and the general public. The outlook for the 12-year forecast period is for a slower recovery in the demand for aviation services and products relative to last years published forecasts. This is due to sluggish U.S. and global economic growth, the loss of "consumer wealth" resulting from the plunge in equity stock prices, and the deterioration in air carrier yields and profitability caused by the loss of significant numbers of full-fare business travelers. In addition, the possibility of war with Iraq has greatly increased the risk and uncertainty of the forecasts. Overall, the outlook is for moderate economic growth and inflation and declining real fuel prices. Aviation activity is forecast to increase by 22.0 percent at the combined FAA (266 in 2002) and contract towered airports (217 in 2002, 224 in 2003) and 27.2 percent at air route traffic control centers. U.S. scheduled domestic passenger enplanements are forecast to increase 57.3 percent--large air carriers increasing 51.1 percent and regional/commuters growing by 92.1 percent. Total international passenger traffic between the United States and the rest of the world is projected to increase 72.5 percent. International passenger traffic carried on U.S. flag carriers is forecast to increase 74.4 percent.
Document Details
- Document Type
- Technical Report
- Publication Date
- Mar 01, 2003
- Accession Number
- ADA413323
Entities
Organizations
- Federal Aviation Administration