Still Cautious

Strong Cargo Growth Projected ...Following an average 4 percent overall decline in 2001-2002, system-wide air cargo is expected to increase at better than a 4 percent rate for the foreseeable future, according to the FAA. Over the next ten years, international air cargo will outpace domestic movements in total revenue ton miles (RTMs). Large Air Carriers--Air Cargo

Domestic

International

System

1995

12,416

10,812

23,228

2001

13,934

14,547

28,481

2002

13,115

14,231

27,346

2003

13,770

14,847

28,616

2004

14,310

15,659

29,969

2014

20,843

28,114

48,956

2002-2014

3.9

5.8

5.0

Source:FAA

*RTM=
Revenue
Ton
Miles

While Fuel Slow To Rebound
Total Jet Fuel Consumption U.S. Civil Aviation Aircraft
(Millions of Gallons)

U.S. domestic airline fuel utilization is not expected to reach 2000 levels again until 2005-06, according to the FAA. Meanwhile, general aviation is forecast to see more significant growth, after seeing only a modest decline in usage in 2001. Avgas use is expected to grow to an estimated 324 million gallons in 2003. Domestic Int'l. Total Historical

1997

2000

2002E

Forecast

2008

2014

Source: DOT/FAA

13,429

14,746

12,691

15,117

18,219

4,818

5,297

4,830

6,099

8,013

18,247

20,043

17,521

21,215

26,232