Economics, employment, and finance

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Year-over-year declines in motor gasoline prices dampen inflation despite motor gasoline prices rising 10% from December 2022 to May 2023

The retail price for motor gasoline reached an all-time high of $5.03 in June 2022 (Figure 1). As of May 2023, the price for motor gasoline has declined 27% from that record high but still 10% above the December 2022 price. The price of motor gasoline rose steadily from December 2022 to April 2023...

Baggage Fees by Airline 2023

Reservation Cancellation/Change Fees by Airline 2023

Airline Financials 1Q 2023 Tables

US Airlines lose $1.2 billion in first quarter 2023, an improvement over first quarter 2022

U.S. airline financial reports are filed quarterly with the Bureau of Transportation Statistics (BTS). See the tables that accompany this release on the BTS website for additional first-quarter (Tables 1-6) financial results.

Passenger Airline Employment Tables April 2023

U.S. Cargo and Passenger Airlines Added 2,867 Jobs in April 2023; Employment Remains 8.4% Above Pre-Pandemic April 2019

U.S. airline industry (passenger and cargo airlines combined) employment increased to 796,846 workers in April 2023, 2,867 (0.36%) more workers than in March 2023 (793,979) and 61,859 (8.42%) more than in pre-pandemic April 2019 (734,987).

U.S. Transportation Sector Unemployment Rate of 3.6% in May 2023 Was Below the May 2022 Level of 4.5% And Was Below the Pre-Pandemic May Level of 4.3% in 2019

The unemployment rate in the U.S. transportation sector was 3.6% (not seasonally adjusted) in May 2023 according to Bureau of Labor Statistics (BLS) data recently updated on the Bureau of Transportation Statistics (BTS) Unemployment in Transportation dashboard. The May 2023 rate fell 0.9 percentage...

U.S. Airlines’ April 2023 Fuel Consumption Back to Pre-pandemic Levels; Fuel Cost per Gallon up 29.3% from Pre-pandemic level, Down Substantially from the June 2022 Recent-high of $4.04

The Department of Transportation’s Bureau of Transportation Statistics (BTS) today released U.S. airlines’ April 2023 fuel cost and consumption numbers indicating U.S. scheduled service airlines used 1.484 billion gallons of fuel, 3.9% less fuel than in March 2023 (1.545 billion gallons) and 0.1%...

Use and Contribution of For-hire, In-house, and Household Transportation to Gross Domestic Product: Transportation Satellite Account Tables

Full screen available at:

https://explore.dot.gov/views/TSA_All/TSA_Main?%3Aiid=1&%3AisGuestRedirectFromVizportal=y&%3Aembed=y

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Economics, employment, and finance