The US Energy Information Administration (EIA) published intriguing news. The story is about how US airlines are dealing with higher fuel costs. But this chart is the part we find most interesting.
It shows that US airlines have improved their fuel efficiency about 15% between 2005 and 2011. During the same period revenue passenger enplanements rose just over 7%. That is an impressive performance. With fewer flights and high load factors, the industry has improved its fuel efficiency. As the EIA points out, the US airline industry has seen an 11% decline in fuel consumption during the period.
But the cost of fuel has risen some 93%, the overall impact has still been tough for the industry to cope with. The Airlines fro America trade group notes that fuel costs rose from a base of 100 in 2000 to 353 at the end of 2011.
Within the constraints of a weak economy, risking negative customer reaction from historically high load factors, the industry has done what it can to be more fuel efficient.
Co-Founder AirInsight. My previous life includes stints at Shell South Africa, CIC Research, and PA Consulting. Got bitten by the aviation bug and ended up an Avgeek. Then the data bug got me, making me a curious Avgeek seeking data-driven logic. Also, I appreciate conversations with smart people from whom I learn so much. Summary: I am very fortunate to work with and converse with great people.