The US Energy Information Administration’s new Today in Energy brief looks at jet fuel use by U.S. airlines.
“The amount of jet fuel consumed by U.S. airlines increased in both 2015 and 2016, although jet fuel use in 2016 remained 11% lower than its level a decade ago. Jet fuel use was lower despite the fact that the number of passengers traveling on U.S. carriers in 2016 was 7% higher than in 2007. U.S. airlines with annual operating revenue of more than $20 million—accounting for virtually all of the value of all U.S. airline operating property and equipment—consumed 17.7 billion gallons of fuel in 2016, according to data published by the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS). Annual growth in jet fuel consumed by U.S. airline carriers was 3% in 2015 and 2% in 2016—the two highest growth rates since 2004.”
WHAT TO TAKE AWAY FROM THIS ARTICLE:
- airlines increased in both 2015 and 2016, although jet fuel use in 2016 remained 11% lower than its level a decade ago.
- Jet fuel use was lower despite the fact that the number of passengers traveling on U.
- airlines with annual operating revenue of more than $20 million—accounting for virtually all of the value of all U.