U.S. Airlines’ September 2023 Fuel Cost per Gallon Up 11.4% from August 2023; Aviation Fuel Consumption Up 2.8% from Pre-Pandemic September 2019
The Department of Transportation’s Bureau of Transportation Statistics (BTS) today released U.S. airlines’ September 2023 fuel cost and consumption numbers indicating U.S. scheduled service airlines used 1.518 billion gallons of fuel, 9.2% less fuel than in August 2023 (1.672 billion gallons) and 2.8% more than in pre-pandemic September 2019. The cost per gallon of fuel in September 2023 ($3.14) was up 32 cents (11.4%) from August 2023 ($2.82) and up $1.19 (60.6%) from September 2019. Total September 2023 fuel expenditure ($4.77B) was up 1.1% from August 2023 ($4.72B) and up 65.1% from pre-pandemic September 2019.
Year-over-year changes in fuel consumption and cost for September 2023 include 6.0% increase in domestic fuel consumption, 4.2% decrease in domestic fuel cost, and 9.6% decrease in cost per gallon. Domestic fuel consumption decreased 9.2% from August 2023 to September 2023, while increasing 4.2% from September 2019. Increased fuel consumption reflects an increase in airline passenger travel over the same period.
Fuel consumed by U.S. airlines (total) scheduled service:
|September 2019:||1.48 billion gallons|
|September 2022:||1.40 billion gallons|
|August 2023:||1.67 billion gallons|
|September 2023:||1.52 billion gallons|
Fuel cost per gallon for U.S. airlines (total) scheduled service:
Total fuel cost for U.S. airlines (total) scheduled service:
|September 2019:||$2.89 billion|
|September 2022:||$4.89 billion|
|August 2023:||$4.72 billion|
|September 2023:||$4.77 billion|
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.
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. Regarding this release, the following carriers remain pending: Aloha Air Cargo (KH) and Northern Air Cargo (NC). Also, within text, percent change results may not be exact due to rounding.