U.S. Airlines’ May 2022 Fuel Consumption Down 10% from Pre-Pandemic 2019; Aviation Fuel Cost per Gallon Hits All Time High
Source: US Department of Transportation The Department of Transportation’s Bureau of Transportation Statistics (BTS) today released U.S. airlines’ May Fuel Cost and Consumption numbers indicating U.S. scheduled service airlines used 1.41 billion gallons of fuel, (4.4%) more fuel than in April 2022 (1.35B gallons) and (10.8%) less than in pre-pandemic May 2019. The cost per gallon of fuel in May 2022 ($3.90) was up 32 cents (8.9%) from April 2022 ($3.58) and up $1.79 (84.8%) from May 2019. Total May 2022 fuel expenditure ($5.51B) was up (14.3%) from April 2022 ($4.82B) and up (64.5%) from pre-pandemic May 2019. At $3.90, the cost per gallon of fuel in May was the highest since April 2022 $3.58. Also, in May 2022, the [...]