U.S. Airlines’ February 2023 Fuel Cost per Gallon Down 1.7% from January 2022; Aviation Fuel Consumption Up 1.3% from Pre-Pandemic February 2019
Source: US DOT The Department of Transportation’s Bureau of Transportation Statistics (BTS) today released U.S. airlines’ February 2023 fuel cost and consumption numbers indicating U.S. scheduled service airlines used 1.307 billion gallons of fuel, 7.5% less fuel than in January 2023 (1.413 billion gallons) and 1.3% more than in pre-pandemic February 2019. The cost per gallon of fuel in February 2023 ($3.23) was down 5 cents (1.7%) from January 2023 ($3.28) and up $1.25 (63.1%) from February 2019. Total February 2023 fuel expenditure ($4.22B) was down 9.0% from January 2023 ($4.63B) and up 64.6% from pre-pandemic February 2019. Fuel cost and consumption statistics are not adjusted for inflation or seasonality. Year-over-year increases in fuel consumption and cost for February 2023 [...]