Passenger Mile Yield Definition & Meaning | Transportation Term | CSIMarket
CSI Market
Sign In | Register

Glossary

Passenger Mile Yield

Transportation Term

Passenger Mile Yield (PMY) is a term used in the transportation industry, specifically in the airline and railway sectors. It is a financial metric that measures the average revenue earned per mile per passenger. This metric is calculated by dividing the total revenue earned from selling tickets by the total number of passenger miles flown.

The PMY metric helps transportation companies understand the effectiveness of their pricing strategies and revenue management techniques. A higher PMY value indicates that the company is generating more revenue per passenger mile, which can be an indication that the company is pricing its tickets effectively and efficiently.

PMY is usually used in combination with other metrics to gain a more comprehensive understanding of transportation company performance trends. For instance, PMY can be analyzed alongside metrics such as yield per load factor, revenue per available seat mile, or cost per available seat mile to assess overall efficiency.

In summary, Passenger Mile Yield is an important metric for transportation companies as it helps them to monitor their revenue growth and pricing strategies. By keeping track of this metric, companies can optimize their pricing strategies, thus increasing their revenue and profitability.




Airline Industry

More Glossary Terms Beginning with P
  • Paediatric Exclusivity
    means, in the US, a six-month period of exclusivity to market a drug which is awarded by the FDA in return for certain paediatric clinical studies using that drug. This six-month period runs from the date of relevant patent expiry.
    Health Care Term Letter: P
  • Paid Development Method
    An actuarial method to estimate ultimate losses for a given cohort of claims such as an accident year/product line component. If the paid-to-date losses are then subtracted from the estimated ultimate losses, the result is an indication of the unpaid losses. The basic premise of the method is that cumulative paid losses for a given cohort of claims will grow in a stable, predictable pattern from y
    Insurance Term Letter: P
  • Panelboards
    Oriented strand board, particleboard, medium density fibreboard and plywood. Operating Statistics
    Manufacturing Term Letter: P
  • Partial Remission PR
    A decrease in the size of a tumor, or in the extent of cancer in the body, in response to treatment.
    Health Care Term Letter: P
  • Particleboard
    A panelboard produced by chemically bonding clean sawdust, small wood particles and recycled wood fibre under heat and pressure. Forestry & Wood Products Industry Operating Statistics
    Manufacturing Term Letter: P
  • Particulate Matter
    Total suspended particulate. A measure of the solid particles (wood, process dust and smoke) found in air emissions.
    Manufacturing Term Letter: P
  • Particulates
    Tiny particles of a substance.
    Manufacturing Term Letter: P
  • Passenger Load Factor
    Represents the total number of seats sold as a percentage of total seat capacity on all sectors flown. Airline Industry
    Transportation Term Letter: P
  • Passenger Mile Yield
    The amount of passenger revenue earned per revenue passenger mile during a reporting period Airline Industry
    Transportation Term Letter: P
  • Passenger revenue yield per Mile Average Yield per RPM
    Represents the average scheduled passenger fare revenue for each revenue passenger mile (RPM), or each mile a scheduled revenue passenger is flown. Airline Industry
    Transportation Term Letter: P
  • Passive Immunotherapy
    Immunologically active material transferred into the patient as a passive recipient. Monoclonal antibodies are considered Passive Immunotherapy since antibodies are generated outside the body and given to the patient
    Health Care Term Letter: P
  • Patent Term Extension
    means an extension of up to five years in the term of a US patent relating to a drug which compensates for delays in marketing resulting from the need to obtain FDA approval.
    Health Care Term Letter: P