Improved economic conditions and stable air fare rates in 2014 helped the Northwest Arkansas Regional Airport (XNA) set a new enplanement record, and helped the Fort Smith Regional Airport post an almost 10% enplanement gain.
The Compass Report is the only independent economic analysis of Arkansas’ top three metro areas (Central Arkansas, Northwest Arkansas, Fort Smith region). The report measures four leading and four current economic indicators to provide a grade for a regional economy.
A key factor in understanding The Compass is in understanding the “grading” approach used to measure the current and leading economic indicators. The strategy is to place the most recent data in historical context. Average values for the percent change over the referenced time period were calculated, as were standard deviations for each measure.