UPDATE – The recovery of air travel remains so fragile and financial headwinds are so strong that Ryanair only can say that it hopes to return to “reasonable profitability” in the current FY23. Close-in bookings, low fares, high fuel prices, and significant...
The unpredictability of crude oil prices and their effect on jet fuel prices makes Lufthansa Group very cautious about the financial results for the full-year 2022. Although the airline is seeing strong bookings, fuel costs are a negative factor. Lufthansa will...
Delta stated today on its earnings call its concern with rising fuel prices, and how this will negatively impact their earnings. The rise in traffic is welcome, but that rise may not be fast enough to offset rising fuel costs. So what do these costs look like for the...
In the US, and probably globally, fuel represents about 40% of airline operating costs. Cutting fuel burn is going to remain a prime focus at every airline. The case to retire aircraft is driven by MRO costs, but even if an aircraft has acceptable maintenance costs,...
With the recent update from DoT, we were able to refresh one of our fuel models. Our source data comes from the P-12a. The chart shows some variance. The price variance is lower than it appears on the chart. For example, in 2020 the highest cost (Delta) was $1.93 and...
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