It is $100 billion more than pre-pandemic levels After a significant drop caused by the COVID-19 pandemic, global airline fuel spending has been continually rising and is on the brink of setting a new record this year. According to data presented by Stocklytics.com, the global airline industry is forecasted to spend a whopping $291 billion on fuel in 2024, or $100 billion more than five years ago. $100 billion higher cost for the same amount of fuel While it's become quite usual for one of the world's biggest fuel consumers to spend hundreds of billions of dollars on fuel each year, today, airlines are spending much more on the same amount of fuel as five years ago. According to the latest Air Transport Global Outlook published by the International Air Tran...
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