The Federal Aviation Administration today released its annual forecast of US air traffic, predicting that passenger traffic would double by 2032. Revenue passenger miles, a standard measure of air traffic, is projected to increase from 815 billion in 2011 to 1.57 trillion in 2032, an average annual rate of 3.2%.
The FAA also projected the number of passengers who would be taking to the air:
According to the forecast, the total number of people flying commercially on U.S. airlines will increase by 0.2 percent to 732 million in 2012, then to 746 million in 2013, and then increase more rapidly to 1.2 billion in 2032. The aviation system is expected to reach one billion passengers per year in 2024.
Cargo traffic will grow as well, at an annual growth rate of 4.9% over the next 20 years.
The FAA press release is available here.
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Orare you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
