U.S. Airlines October 2020 Fuel Use Up 11% from September

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U.S. Airline Fuel Consumption

U.S. airlines’ October 2020 fuel consumption was 11% higher than September 2020, 0.7% higher than August 2020, and 81% higher than April 2020. April was the lowest monthly fuel usage on record (447M gallons), dating back to 2000. October 2020 fuel consumption was down 48% from October 2019.

Bureau of Transportation Statistics;

The Department of Transportation’s Bureau of Transportation Statistics (BTS) today released U.S. airlines’ October Fuel Cost and Consumption numbers.

Fuel consumed by U.S. airlines scheduled service:

October 2019                 1.5 billion gallons

September 2020            728 million gallons

October 2020                 807 million gallons

U.S. airlines’ October 2020 fuel consumption was 11% higher than September 2020, 0.7% higher than August 2020, and 81% higher than April 2020. April was the lowest monthly fuel usage on record (447M gallons), dating back to 2000. October 2020 fuel consumption was down 48% from October 2019.

Fuel cost per gallon for U.S. airlines scheduled service:

October 2019              $1.97

September 2020          $1.17

October 2020              $1.14

The October 2020 cost per gallon ($1.14) for aviation fuel was down 3 cents per gallon from September 2020 ($.17) but down 83 cents per gallon from October 2019 ($1.97). The May 2020 cost per gallon ($1.03) was the lowest since April 2004 ($1.01).

Total fuel cost for U.S. airlines scheduled service:

October 2019                   $3.0 billion

September 2020             $852 million

October 2020                 $917 million

Total October 2020 fuel cost was 8% higher than September 2020 and 83% higher than May 2020, which was the lowest on record dating back to 2000. Total fuel cost in October 2020 was down 70% from October 2019.

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