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Airline Financial Data

Legacy ID
311
Show Effective Date
On
Significant Regulatory Guidance
No
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U.S. Airlines December 2020 Fuel Use Up 9% from November

U.S. airlines’ December 2020 fuel consumption was 8.7% higher than November 2020, and more than double April 2020. April was the lowest monthly fuel usage on record (447M gallons), dating back to 2000. December 2020 fuel consumption was down 63% from December 2019.

U.S. Airlines Report Third Quarter 2020 Losses

U.S. scheduled passenger airlines reported a third-quarter 2020 after-tax net loss of $11.8 billion and a pre-tax operating loss of $15.9 billion.

 

These third-quarter losses are the third consecutive quarterly losses following 27 consecutive quarterly after-tax net profits and 35 consecutive quarterly pre-tax operating profits. One year earlier, in the third quarter of 2019, the airlines reported an after-tax net profit of $4.6 billion and a pre-tax operating profit of $6.4 billion.