U.S. airline fuel cost 2004-2018

In 2018, the cost of airline fuel for U.S. carriers across both international and domestic routes had risen to reach to 2.15 U.S. dollars per gallon. The cost of airline fuel has been volatile over the last fifteen years. From a high of 3.17 U.S. dollars per gallon in 2012, just four years later the cost had fallen by more than half to 1.45 U.S. dollars.

Airline fuel

The vast majority of airline fuel used by U.S. airlines is jet fuel, which is a kerosene-based fuel derived from petroleum. Being a petroleum product, the price of jet fuel is greatly affected by the global price of crude oil. For example, the three most common benchmarks of global oil prices – the Brent, the West Texas Intermediate, and the OPEC (Reference) Basket – all exhibit the same sharp drop as the price of airline fuel between 2015 and 2017.

Influence of airline fuel price

Fuel expenses typically represent around 20-30 percent of an airlines’ total expenses, so any fluctuation in price will greatly affect the financial position of airlines. This is clearly demonstrated by the dramatic rise in net profits of airlines globally in 2015, coinciding with the above-mentioned fall in oil prices.

U.S. airline fuel cost from 2004 to 2018

U.S. dollars per gallon
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Source

Release date

2019

Region

United States

Survey time period

2004 to 2018

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Statistics on "Fossil fuel consumption in the United States"

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