Delta Air Lines Uses More Jet Fuel in 2023 at Lower Cost — OPIS
Delta Air Lines released fourth-quarter and full-year 2023 earnings statements Friday, revealing a lower cost of jet fuel for the year despite significantly higher use. Fourth-quarter data did show a small jump in cost over the same quarter in the prior year, however. In the fourth quarter, Delta spent $2.933 billion on fuel and related costs, an almost 3% uptick from the last quarter of 2022 when the airline spent $2.849 billion on fuel. Full-year data, though, showed a lower yearly cost. Over the course of 2023, Delta spent $11.121 billion on fuel, a 2.90% decrease over the full year 2022 figure of $11.453 billion. In terms of total gallons used, however, both fourth-quarter and full-year 2023 levels were much higher than prior years. In the fourth quarter of 2023, Delta used 978 million gallons of fuel. That’s a big 12.54% spike from the fourth quarter in the prior year, […]
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