A computer-implemented method, system, and computer program product for virtual monitoring of aircraft fleet loads are provided. The method includes calculating virtual load data associated with an aircraft from a set of orthogonal waveforms. The method also includes calculating a set of coefficients as a function of parametric data and high frequency data associated with an aircraft. The method further includes storing the set of coefficients on the aircraft and transmitting the set of coefficients to a ground-based system configured to reproduce the virtual load data based on a copy of the set of orthogonal waveforms and the received set of coefficients in order to perform aircraft fleet management.