AIRLINE SEAT MILE FARE INDEX MARKET SYSTEM AND METHOD

摘要

A system and method of computing an airline market index and an airline market index trading system. Embodiments of the airline market index being computed by selecting a set of airline routes and estimating a distance and fare for each airline route. An average seat mile fare for each airline route can be calculated, and then these values combined to calculate a multi-route average seat mile fare, from which the airline market index can be calculated. The airline market index can include airline market index contracts having prices and delivery dates as well as options contracts.