Date: Wednesday, August 5, 2020
The Department of Transportation’s Bureau of Transportation Statistics (BTS) today released U.S. airlines’ June Fuel Cost and Consumption numbers.
Fuel consumed by U.S. airlines scheduled service:
June 2020 fuel consumption was 23% higher than May 2020 and 25% higher than April 2020, which was the lowest monthly fuel usage on record dating back to 2000.
Fuel cost per gallon for U.S. airlines scheduled service:
The June 2020 cost per gallon ($1.08) for aviation fuel was up 5 cents from May 2020 ($1.03), which was the lowest since April 2004 ($1.01).
Total fuel cost for U.S. airlines scheduled service:
Total fuel cost in June 2020 was 30% higher than in May 2020, which was the lowest on record dating back to 2000.
Preliminary fuel cost and consumption numbers are industry summaries only. Airline fuel costs may be affected by hedging, contracts that allow airlines to limit exposure to future changes in fuel prices. The monthly web update with July data is scheduled for Sept. 2.
Individual airline numbers through March are available on the BTS website. Individual airline numbers for April, May and June will be available with the BTS second-quarter 2020 financial release on Sept. 14.