Monthly data, not seasonally adjusted
Jet fuel prices accounted for 25.6% of airline operating expenses in 2010. Changes in fuel costs affect ticket prices and airline profitability.
Jet fuel prices reported to the Bureau of Transportation Statistics (BTS) differ from producer prices. Reports to BTS show the cost per gallon of fuel used by an airline during the month rather than the price charged by a producer on a single day. Fuel costs for scheduled airline services reflect contractual and storage advantages available to large buyers, while fuel costs for non-scheduled airline services reflect economic conditions for smaller buyers. Jet fuel prices also reflect seasonality due to both the seasonality of aviation and because jet fuel has refining requirements similar to heating oil.
|Average Jet Fuel Price by Type of Service||Jun-11||Jun-12|
|For Domestic Non-scheduled Airline Service (Current dollars per gallon)||2.92||2.67|
|Percent change from same month previous year||24.3||-8.6|
|For Domestic Scheduled Airline Service (Current dollars per gallon)||2.94||2.83|
|Percent change from same month previous year||34.9||-3.7|
NOTES: The current value is compared to the value from the same period in the previous year to account for seasonality.
Data for March 2012 to June 2012 are preliminary due to late reports by carriers.
SOURCE: U.S. Department of Transportation, Research and Innovative Technology Administration, Bureau of Transportation Statistics, Office of Airline Information, Airline Fuel Cost and Consumption, available at http://www.bts.gov/programs/airline_information/ as of August 2012.