Matt Molnar
2008-03-26, 12:08 PM
We've heard plenty in the news about the cost of a barrel of oil going up, and how much airlines will lose overall as a result, but I, and I'm sure many of you, like real numbers. Airlines don't buy barrels of oil, they buy jet fuel. So how much does it cost to top off a 747 these days? USA Today has an article which goes into detail...
United Airlines. It currently spends about $173,000 to fuel a Boeing 747 for a flight from Chicago to Hong Kong, roughly double what it cost four years ago. United has to get nearly $500 in revenue out of each of the 347 seats on that plane just to pay for the fuel — and it still has to cover other expenses, including crew salaries, in-flight meals, the plane's upkeep, marketing and the cost of the jet itself.
:arrow: High-priced fuel scares airlines (http://www.usatoday.com/money/industries/travel/2008-03-24-jet-fuel-costs_N.htm#chart)
United Airlines. It currently spends about $173,000 to fuel a Boeing 747 for a flight from Chicago to Hong Kong, roughly double what it cost four years ago. United has to get nearly $500 in revenue out of each of the 347 seats on that plane just to pay for the fuel — and it still has to cover other expenses, including crew salaries, in-flight meals, the plane's upkeep, marketing and the cost of the jet itself.
:arrow: High-priced fuel scares airlines (http://www.usatoday.com/money/industries/travel/2008-03-24-jet-fuel-costs_N.htm#chart)