U.S. Airlines' November 2024 Fuel Cost per Gallon up 0.9% from October 2024; Aviation Fuel Consumption up 3.3% from Pre-Pandemic November 2019

Monday, January 13, 2025

The Department of Transportation's Bureau of Transportation Statistics (BTS) today released U.S. airlines' November 2024 fuel cost and consumption numbers indicating U.S. scheduled service airlines used 1.492 billion gallons of fuel, 5.4% less fuel than in October 2024 (1.577 billion gallons) and 3.3% more than in pre-pandemic November 2019. The cost per gallon of fuel in November 2024 ($2.31) was up 2 cents (0.9%) from October 2024 ($2.29) and up $0.32 (16.1%) from November 2019. Total November 2024 fuel expenditure ($3.44B) was down 4.5% from October 2024 ($3.61B) and up 20.0% from pre-pandemic November 2019.

Year-over-year changes in fuel consumption and cost for November 2024 includes a 1.2% decrease in domestic fuel consumption, an 24.3% decrease in domestic fuel cost, and a 23.3% decrease in cost per gallon. Domestic fuel consumption decreased 4.3% from October 2024 to November 2024, while increasing 1.9% from November 2019. Increased fuel consumption reflects an increase in airline passenger travel over the same period.

Line chart showing U.S. Airlines Fuel Consumption from January 2020 to November 2024

Fuel consumed by U.S. airlines (total) scheduled service:

November 2019	1.44 billion gallons
November 2023	1.50 billion gallons
October 2024	1.58 billion gallons
November 2024	1.49 billion gallons

Line chart showing U.S. Airlines Fuel Cost from January 2020 to November 2024

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

November 2019	$1.99
November 2023	$3.01
October 2024	$2.29
November 2024	$2.31

Total fuel cost for U.S. airlines (total) scheduled service:

November 2019	$2.87 billion
November 2023	$4.53 billion
October 2024	$3.61 billion
November 2024	$3.44 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 September 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.

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