The main goal of this paper is to analyze the flutter boundary, transient loads of a supersonic fin, and the flutter with perturbation. Reduced order mode (ROM) based on Volterra Series is presented to calculate the flutter boundary, and CFD/CSD coupling is used to compute the transient aerodynamic load. The Volterra-based ROM is obtained using the derivative of unsteady aerodynamic step-response, and the infinite plate spline is used to perform interpolation of physical quantities between the fluid and the structural grids. The results show that inertia force plays a significant role in the transient loads, the moment cause by inertia force is lager than the aerodynamic force, because of the huge transient loads, structure may be broken by aeroelasticity below the flutter dynamic pressure. Perturbations of aircraft affect the aeroelastic response evident, the reduction of flutter dynamic pressure by rolling perturbation form 15.4% to 18.6% when Mach from 2.0 to 3.0. It is necessary to analyze the aeroelasticity behaviors under the compositive force environment.