BTS - Bureau of Transportation Statistics
08/06/2024 | Press release | Distributed by Public on 08/06/2024 09:27
U.S. Airlines’ June 2024 Fuel Cost per Gallon down 4.1% from May 2024; Aviation Fuel Consumption up 4.2% from Pre-Pandemic June 2019
U.S. Airlines' June 2024 Fuel Cost per Gallon down 4.1% from May 2024; Aviation Fuel Consumption up 4.2% from Pre-Pandemic June 2019
Tuesday, August 6, 2024
The Department of Transportation's Bureau of Transportation Statistics (BTS) today released U.S. airlines' June 2024 fuel cost and consumption numbers indicating U.S. scheduled service airlines used 1.683 billion gallons of fuel, 2.2% more fuel than in May 2024 (1.646 billion gallons) and 4.2% more than in pre-pandemic June 2019. The cost per gallon of fuel in June 2024 ($2.54) was down 11 cents (4.1%) from May 2024 ($2.65) and up $0.53 (26.3%) from June 2019. Total June 2024 fuel expenditure ($4.27B) was down 2.0% from May 2024 ($4.36B) and up 31.6% from pre-pandemic June 2019.
Year-over-year changes in fuel consumption and cost for June 2024 includes a 4.4% increase in domestic fuel consumption, an 8.4% increase in domestic fuel cost, and a 3.9% increase in cost per gallon. Domestic fuel consumption increased 1.3% from May 2024 to June 2024, while increasing 4.2% from June 2019. Increased fuel consumption reflects an increase in airline passenger travel over the same period.
June 2024 U.S. Airline Fuel Consumption Line Chart
Fuel consumed by U.S. airlines (total) scheduled service:
June 2019 1.62 billion gallons
June 2023 1.60 billion gallons
May 2024 1.65 billion gallons
June 2024 1.68 billion gallons
June 2024 U.S. Airline Fuel Cost Line Chart
Fuel cost per gallon for U.S. airlines (total) scheduled service:
June 2019 $2.01
June 2023 $2.42
May 2024 $2.65
June 2024 $2.54
Total fuel cost for U.S. airlines (total) scheduled service:
June 2019 $3.24 billion
June 2023 $3.87 billion
May 2024 $4.36 billion
June 2024 $4.27 billion
Fuel Cost and Consumption data from January 2000 to the present can be found at https://www.transtats.bts.gov/fuel.asp. Summaries by month are also available.
Airline fuel costs may be affected by hedging, contracts that allow airlines to limit exposure to future price changes. None of the cost numbers are adjusted for inflation. The month-to-month numbers are not seasonally adjusted.
Individual airline numbers through March 2024 are available on the BTS website.
Please Note:
The information provided within BTS statistical releases may not be based on 100% of reporting carriers. Generally, data are released per schedule if reports have been received from at least 90% of the carriers, along with data from all the major carriers. Also, within text, percent change results may not be exact due to rounding.