THE latest data from the us Department of Transportation's Bureau of Transportation Statistics (BTS) reveals notable trends in fuel consumption and costs for US airlines in February 2024, reports US Bureau of Transportation Statistics.
During this period, US scheduled service airlines utilised 1.392 billion gallons of fuel, indicating a 4.4 per cent decrease from January 2024 (1.456 billion gallons) and a 7.9 per cent increase compared to pre-Covid crisis February 2019 levels.
Fuel costs per gallon in February 2024 rose to $2.83, reflecting a 4.8 per cent increase from January 2024 ($2.70) and a 42.9 per cent surge from February 2019.
Total expenditure on fuel for February 2024 reached $3.94 billion, up 0.3 per cent from January 2024 ($3.93 billion) and a 53.9 per cent increase from pre-Covid crisis February 2019.
Year-on-year changes for February 2024 demonstrate a 3.2 per cent increase in domestic fuel consumption, a 9.5 per cent decrease in domestic fuel costs, and a 12.3 per cent decrease in cost per gallon.
Despite a 2.2 per cent decrease in domestic fuel consumption from January 2024 to February 2024, there was a 6.8 per cent increase compared to February 2019 levels, aligning with the resurgence of airline passenger travel during this period.
These figures underscore the complex interplay of fuel consumption, costs, and market dynamics within the aviation industry, highlighting the ongoing recovery and adaptation post-Covid.
SeaNews Turkey
During this period, US scheduled service airlines utilised 1.392 billion gallons of fuel, indicating a 4.4 per cent decrease from January 2024 (1.456 billion gallons) and a 7.9 per cent increase compared to pre-Covid crisis February 2019 levels.
Fuel costs per gallon in February 2024 rose to $2.83, reflecting a 4.8 per cent increase from January 2024 ($2.70) and a 42.9 per cent surge from February 2019.
Total expenditure on fuel for February 2024 reached $3.94 billion, up 0.3 per cent from January 2024 ($3.93 billion) and a 53.9 per cent increase from pre-Covid crisis February 2019.
Year-on-year changes for February 2024 demonstrate a 3.2 per cent increase in domestic fuel consumption, a 9.5 per cent decrease in domestic fuel costs, and a 12.3 per cent decrease in cost per gallon.
Despite a 2.2 per cent decrease in domestic fuel consumption from January 2024 to February 2024, there was a 6.8 per cent increase compared to February 2019 levels, aligning with the resurgence of airline passenger travel during this period.
These figures underscore the complex interplay of fuel consumption, costs, and market dynamics within the aviation industry, highlighting the ongoing recovery and adaptation post-Covid.
SeaNews Turkey
