Year-over-year changes in fuel consumption and cost for July 2024 includes a 2.7% increase in domestic fuel consumption, an 5.8% increase in domestic fuel cost, and a 3.0% increase in cost per gallon. Domestic fuel consumption increased 3.1% from June 2024 to July 2024, while increasing 3.5% from July 2019. Increased fuel consumption reflects an increase in airline passenger travel over the same period.
Fuel consumed by U.S. airlines (total) scheduled service:
| July 2019 | 1.68 billion gallons |
| July 2023 | 1.68 billion gallons |
| June 2024 | 1.68 billion gallons |
| July 2024 | 1.74 billion gallons |
Fuel cost per gallon for U.S. airlines (total) scheduled service:
| July 2019 | $1.98 |
| July 2023 | $2.48 |
| June 2024 | $2.54 |
| July 2024 | $2.58 |
Total fuel cost for U.S. airlines (total) scheduled service:
| July 2019 | $3.32 billion |
| July 2023 | $4.16 billion |
| June 2024 | $4.27 billion |
| July 2024 | $4.47 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.
Tags: Department of Transportation’s Bureau of Transportation Statistics (BTS), U.S. airlines
