Share of fuel costs in the aviation industry 2011-2020

Fuel costs are a significant but highly variable expense for airlines worldwide, constituting 23.7 percent of total expenditure in 2019. This figure decreased from 32.3 percent in 2012 but is expected to rise again to 28.4 percent of expenditure in 2020.


Jet fuel

Airline fuel, otherwise known as jet fuel or aviation turbine fuel, is kerosene-based and therefore derived from petroleum. Consequently, the cost of airline fuel tracks the overall price of crude oil. However, it is common for airlines to hedge fuel purchases, meaning a constant price is agreed in advance for a set period of time. This practice can be used to create a partial buffer between the price of oil and its effect on airlines’ expenditure.

Fuel costs and profitability

Despite the practice of hedging, the cost of airline fuel greatly affects the profitability of airlines. For example, a clear correlation can be seen in 2015 between the sharp drop in oil prices and the significant increase in airline profits. Other variable operating expenses affecting airlines’ profitability include labor, aircraft maintenance, and airport usage fees.

Fuel costs of airlines worldwide from 2011 to 2019, as percentage of expenditure

Share of expenses
--
--
--
--
--
--
--
--
--
--
Exclusive Premium statistic

You need a Premium Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Premium Account

only $59 / month *
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$708 / Year

Show detailed source information?
Register for free
Already a member?
Log in
Source

Release date

December 2019

Region

Worldwide

Survey time period

2011 to 2019

Supplementary notes

* 2019 figure is an estimate.
** 2020 figure is a forecast.
Figures prior to 2018 taken from previous reports.

Statista Accounts: Access All Statistics. Starting from $708 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account!

Premium Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references

$59 / Month *

Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract.
   Prices do not include sales tax.

Statistics on "Passenger airlines"

Statista Accounts: Access All Statistics. Starting from $708 / Year
Learn more about how Statista can support your business.