Transcription of Fact Sheet - Fuel - June 2015 - IATA
1 For more information: IATA Airline Industry Economic Performance june 2018 fact Sheet fuel The global airline industry s fuel bill is estimated to total $149 billion in 2017 (accounting for over 21% of operating expenses at $ Brent). This is an increase of over 2016 s fuel bill and is more than 3 times 2003 s bill of $44 billion (that accounted for 14% of operating expenses at $ Brent). In 2018 the fuel bill is forecasted at $188 billion (accounting for around 24% of operating expenses at $70 per barrel Brent).
2 Industry profits of $ billion are forecasted for 2018, following profits of $ billion in 2017. Industry fuel Costs and Net Profits Source: Industry Economics Performance - Forecast Table (IATA Economics) Updated: 06/2018 Next Update: 12/2018 Profits (LHS)Total Industry fuel Costs (RHS)Average Price per Barrel of Brent Crude 2011 2012 2013 2014 2015 2016 2017E 2018F Net Profits ($Billion)Total Industry fuel Costs ($ billion) For more information: IATA Airline Industry Economic Performance june 2018 fuel Impact on Operating Costs Source: Industry Economics Performance - Forecast Table (IATA Economics) Updated: 06/2018 Next Update.
3 12/2018 Year% of Operating CostsAverage Price per Barrel of Crude (US$)Break-even Price per Barrel (US$)Total fuel $ $ $65 bi l l i $ $ $91 bi l l i $ $ $127 bi l l i $ $ $146 bi l l i $ $ $203 bi l l i $ $ $134 bi l l i $ $ $151 bi l l i $ $ $191 bi l l i $ $ $228 bi l l i $ $ $230 bi l l i $ $ $224 bi l l i $ $ $174 bi l l i $ $ $135 bi l l i $ $ $149 bi l l i $ $ $188 bi l l i on For more information: IATA Airline Industry Economic Performance june 2018 Impact of Refinery Margin on fuel Costs Source: Industry Economics Performance - Forecast Table (IATA Economics) Updated: 12/2017 Next Update: 06/2018 Cost due to widening of margin from 2003 level ($b)Crack spread (% of crude price)Aditional Cost ($ billion)Crack Spread (% of crude price)
