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U.S. Airlines February 2021 Fuel Use Down 10% from January

From bts.gov

The Department of Transportation’s Bureau of Transportation Statistics (BTS) today released U.S. airlines’ February Fuel Cost and Consumption numbers. Fuel consumed by U.S. airlines scheduled service: • February 2020 1.3 billion gallons • January 2021 844 million gallons • February 2021 757 million gallons U.S. airlines’ February 2021 fuel consumption was 10.4% lower than January 2021, and almost double the consumption in April 2020. April was the lowest monthly fuel usage on record (447M gallons), dating back to 2000. February 2021 fuel consumption was down 43% from February 2020. {chart} Fuel cost per gallon for ... (full story)

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  • Category: Fundamental Analysis