Aviation Fuel price records

[AirlinePilot]

Avgas 4.79

Jetfuel 2.14

Not sure what is causing the jet fuel move at the moment. I expect a ramp up in summer schedules for all the majors, so that will likely not trend much more downward.

[Tanada]

Anyone have some current prices to add for this season?

[Expatriot]

AvGas - 4.80
Jet - 4.41

Keep in mind that these prices flux with region, and many places have full serve only, which means they -------- you for an extra 80 cents a gallon.

[AirlinePilot]

Jetfuel has once again become a thorn in the side of the airlines. Above 4$/gal national average.
This is a significant increase due to the increased summer schedules. Interesting to note is price has note abated yet as we roll into the post summer schedules which usually are somewhat smaller than the summer ones.

[Expatriot]

Jetfuel has once again become a thorn in the side of the airlines. Above 4$/gal national average.
This is a significant increase due to the increased summer schedules. Interesting to note is price has note abated yet as we roll into the post summer schedules which usually are somewhat smaller than the summer ones.

Gasoline is really moving. Oil is pushing past 82. Could be an interesting winter. I'd be shocked if any more than a couple airlines were still operating commercially in a few years, absent taxpayer welfare.

[sparky]

.
Tanada , the quoted price of West Texas intermediate on the New York market is not to be taken too literary ,
the real price for people who actualy use oil is the OPEC benchmark
it is oil which is pumped , transported and used ,
there is not so much volatility but the price rise has been unrelenting
that's where users companies insure themselves against sharp changes ,most professionnal users were protected against the sharp mid 2008 spike unfortunately it's impossible to insure against a tidal rise .


http://www.opec.org/opec_web/en/data_graphs/40.htm

[Tanada]

AP with all the other fuels jumping what is going on with Jet and Avgas prices? Seems likely they are up but I have not heard anything recently.

Well let me rephrase that, I have not heard any prices lately but the airlines flying out of Toledo Express announced another cut in the schedule due to low occupancy of flights. I remember flying the last time I did a few years ago and aircraft were packed like sardine tins because if they were not full the airlines lost money on the flight.

[Tanada]

Jetfuel has once again become a thorn in the side of the airlines. Above 4$/gal national average.
This is a significant increase due to the increased summer schedules. Interesting to note is price has note abated yet as we roll into the post summer schedules which usually are somewhat smaller than the summer ones.

If I am reading the table http://www.iata.org/whatwedo/economics/ ... index.aspx correctly then Jet fuel has now crossed $2.54 a gallon once again. I presume this is going to really pinch the airline industry in America at least.

[AirlinePilot]

I think anything above the area where we are now starts to really impact the bottom line. It won't be such a huge issue until we move into the increased summer schedules after May.

I like this page better...

http://www.iata.org/whatwedo/economics/ ... lysis.aspx

[eXpat]

Delta Profit Misses Expectations; Shares Fall

Delta Air Lines reported a lower-than-expected profit as fuel prices and plane repair costs increased, putting pressure on shares.
"Revenues were a little bit higher than expected but expenses were definitely higher than expected," said Matthew Jacob, an airline analyst with ITG Investment Research.

The second-largest carrier behind United Continental Holdings [UAL 25.02 -0.86 (-3.32%) ] Tuesday said net income came to $19 million, or 2 cents a diluted share, for the fourth quarter, compared with a year-earlier loss of $25 million, or 3 cents a share.

Excluding items such as merger-related costs, profit was 19 cents a share. Analysts on average expected 24 cents, according to Thomson Reuters I/B/E/S.

http://www.cnbc.com/id/41130667

[eXpat]

Airline Losses May Top $600 Million on U.S. Cancellations

Airlines may be headed for more than $600 million in weather-related losses as U.S. winter storms trigger the most flight cancellations since the government began tracking the data in 1987.

Almost 20,000 flights were scrubbed last week alone as snow blanketed U.S. airports such as Chicago’s O’Hare, a hub for United Continental Holdings Inc. and American Airlines, according to researchers FlightStats and FlightAware.com. Since Nov. 1, the total is 89,884, the firms’ tallies show.

That would push carriers’ net revenue loss to about $629 million, based on the average estimate of $7,000 for each scrapped flight from Vaughn Cordle of AirlineForecasts LLC, which builds financial models for investors. His projection factors in lost fare revenue plus fuel and labor savings.

“If this keeps up, it will really get ugly,” said Daniel Kasper, an airline economist with LECG LLC in Cambridge, Massachusetts. “It’s already brutal and it’s only the first week in February.”

The industry already was under increasing financial strain even without the snarls from snow and ice, with an 8.8 percent increase this year for jet fuel, one of the largest expenses for airlines.

http://www.bloomberg.com/news/2011-02-07/airline-losses-may-top-600-million-on-record-u-s-cancellations.html

[AirlinePilot]

national average for jetfuel is now up to just above 3$/gal at 3.05

I did not note it within the last month but believe it has probably come down just slightly in the last week or two. Some prior posts here indicated 4+ at one point but i think the poster who was recording that was looking at jetA at FBO's and not what airlines are paying nationally as an average. Normally the FBO average is much higher than what airlines pay. At that time I was seeing a range of about 2.50-2.80 for jetfuel and thought that was damaging.....

So at 3+ we are in all time record territory and airlines are posting losses again even in light of several years of leaning fuel costs and operational costs.

Nationally Avgas is at an all time high average of around 5.80/gal during this latest run up in prices. I think we are PAST the pain point for many small aircraft owners like myself. Once again its impact has become noticeable in traffic at the airports I frequent and bargain gas hunting has become a new pastime amongst GA pilots who are not otherwise independently wealthy.

[pstarr]

AP, you a real asset when you stick to stuff you know about.

[Tanada]

Jet fuel is back up over $3.00 again which is 27% more than it was a year ago. This may or may not affect Holiday travel but it certainly will be cutting into budgets of consumers. It costs more to travel so that leaves less discretionary income for shopping.

http://www.iata.org/whatwedo/economics/ ... lysis.aspx

[eXpat]

Air Australia collapse leaves 4,000 stranded and scrambling for refunds

Budget airline serving Asia-Pacific destinations including Hawaii and Thailand in voluntary administration and unable to pay for fuel
Thousands of passngers travelling from Hawaii to Thailand were stranded on Friday after the budget airline Air Australia ran out of money and went into voluntary administration, immediately grounding its five jets.

The Brisbane-based international and domestic airline – formerly known as Strategic Airlines – said all flights had been cancelled and it would not be accepting new bookings because it could no longer pay its bills.

Voluntary administration in Australia is similar to bankruptcy protection in the US, and can buy a company time to trade out of its financial problems.

"It currently appears that there are no funds available to meet operational expenses so flights will be suspended immediately," the airline said in a statement. Passengers who bought tickets with credit cards or had travel insurance may be given a refund, it added.

About 4,000 passengers were overseas with Air Australia round-trip tickets, the voluntary administrator Mark Korda said. Some of those affected were stranded in Honolulu and Phuket, in Thailand.

"Overnight the company was unable to refuel its planes in Phuket," Korda told Australia's Fairfax Radio. "The directors appointed us at 1.30 this morning and the boys have been working throughout the night to deal with what's a very difficult situation."

http://www.guardian.co.uk/business/2012/feb/17/air-australia-collapse-stranded-refunds

[AirlinePilot]

Jetfuel 3.20/gal

Avgas 5.77/ga/ For Avgas this is the highest Ive seen. it appears to hold onto the gains and not fluctuate as much as regular auto gas or jetfuel. Its been bad for the GA industry overall. No news there.

[AirlinePilot]

Avgas = 5.83

Jetfuel 3.37 both up significantly over the last two weeks.

[dolanbaker]

http://www.sunnewsonline.com/webpages/n ... 2-017.html
The persistent scarcity of aviation fuel (Jet A1) has taken its toll on the domestic airlines as many of them have been forced to continually cancel both local and international flights.

Arik Air, which has been severely hit by the scarcity, yesterday, cancelled its Lagos- New York flight, a development that shocked scores of passengers who had hitherto checked-in, waiting to board.

Expectedly, some of the passengers went wild at the Murtala Muhammed International Airport (MMIA), Lagos, as they almost mobbed the airline’s crew for what they described as a most jolting development. The passengers include students, old people and sick people who were going to the USA for various important programmes.
“Why didn’t they tell us on time via SMS that the flight would not operate? Why will they wait until we’ve checked-in before giving us the bad news. Some of us came from other states to board this flight and what do we do now? What of our connecting flights already booked and paid for. They said we should check on Wednesday, not even tomorrow (Tuesday). What sort of thing is this?”, a passenger who identified himself as Gbenga lamented.

Reacting, a source from the airline said the Jet A1 scarcity had reached an alarming level where virtually all domestic airlines had exhausted their reserves.
“This scarcity has been going for over a week now and we have tried to address it but to no avail. The oil marketers I learnt are not importing and the matter is serious. We’ve been forced to combine flights on the domestic scene but internationally, the story is severe. It’s really bad for us now,” she said.

African airports running out of fuel!

[AirlinePilot]

Jet fuel climbing back up again slowly over the last two months. Back to @3.20/gal.

Avgas is the highest national average since I have been tracking it at 6.03/gal.

[Tanada]

Jet fuel climbing back up again slowly over the last two months. Back to @3.20/gal.

Avgas is the highest national average since I have been tracking it at 6.03/gal.

Which airlines are closest to bankruptcy as the price climbs? Surely someone will be asking for a bailout soon.