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Economics, employment, and finance

Legacy ID
1546

U.S. Airlines’ April 2022 Fuel Consumption Down 9.5% from Pre-Pandemic 2019; Aviation Fuel Cost per Gallon Hits Record High

The Department of Transportation’s Bureau of Transportation Statistics (BTS) today released airline Fuel Cost and Consumption information for April 2022.  U.S. scheduled service airlines used 1.35 billion gallons of fuel, 2.3% less fuel than in March 2022 (1.38B gallons) and 9.5% less than in April 2019. The monthly cost per gallon was $3.59, up 55 cents (18.0%) from March 2022 ($3.04) and up $1.53 (74.3%) from April 2019. April 2022 airline fuel expenditure ($4.82B) increased 15.3% from March 2022 ($4.18B) and was up 57.8% from April 2019.

2021 Annual and 4th Quarter U.S. Airline Financial Data

U.S. scheduled passenger airlines reported a 2021 after-tax net loss of $2.8 billion, declining for the second straight year after seven consecutive annual after-tax profits and a pre-tax operating loss of $17.3 billion, declining for the second straight year after 11 consecutive annual pre-tax...