Photo: curimedia via flickr
Domestic air travel is expected to nearly double in the next 20 years, reaching 1.2 billion passengers per year by 2032, the Federal Aviation Administration said in its annual forecast Thursday.The total number of people flying commercially on U.S. airlines will increase by 0.2 per cent to 732 million in 2012, then to 746 million next year, the FAA said.
Total revenue revenue passenger miles, which represent one paying passenger travelling one mile, are forecast to increase from 814.6B in 2011 to 1.57T in 2032, an average annual rate of 3.2%. Most of that growth will come from international routes: U.S. mainline carrier international RPMs are forecast to increase 2.4% in 2012 and grow at an average annual rate of 4.4% through 2032, according to the forecast. The fastest growing region is Latin America, at 4.8% passenger growth per year, followed by Asia/Pacific (4.1% per year).
U.S. mainline carrier domestic RPMs, meanwhile are forecast to decrease 0.4% in 2012 and grow at an average annual rate of just 2.7% through 2032.
U.S. commercial air carriers (including passenger and cargo) reported an operating profit of $7.6B in 2011, compared to an operating profit of $9.7B in 2010.