U.S. Airlines’ May 2023 Fuel Cost per Gallon Down 8.1% from April 2023; Aviation Fuel Consumption Down 1.1% from Pre-Pandemic May 2019
Source: US DOT The Department of Transportation’s Bureau of Transportation Statistics (BTS) today released U.S. airlines’ May 2023 fuel cost and consumption numbers indicating U.S. scheduled service airlines used 1.566 billion gallons of fuel, 5.5% more fuel than in April 2023 (1.484 billion gallons) and 1.1% less than in pre-pandemic May 2019. The cost per gallon of fuel in May 2023 ($2.44) was down 22 cents (8.1%) from April 2023 ($2.66) and up $0.33 (15.6%) from May 2019. Total May 2023 fuel expenditure ($3.82B) was down 3.1% from April 2023 ($3.94B) and up 14.3% from pre-pandemic May 2019. Year-over-year changes in fuel consumption and cost for May 2023 include 8.3% increase in domestic fuel consumption, 32.1% decrease in domestic fuel [...]