Date: Wednesday, July 8, 2020
The Department of Transportation’s Bureau of Transportation Statistics (BTS) today released U.S. airlines’ May Fuel Cost and Consumption numbers.
Fuel consumed by U.S. airlines’ scheduled services:
May 2020 fuel consumption rose 1.4% from April 2020, which was the lowest fuel consumption in records dating back to 2000.
Cost per gallon for U.S. airlines’ scheduled services:
May 2020 cost per gallon was the lowest since April 2004 ($1.01).
Total cost for U.S. airlines’ scheduled services fuel:
May 2020 fuel total cost was the lowest in records 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 June data is scheduled for Aug. 5.
Individual airline numbers through March are available on the BTS website. Individual airline numbers for April and May will be available with the BTS second-quarter 2020 financial release on Sept. 14.