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Fuel-efficient, fuller aircraft cut US fuel use 18pc since 2

Date:2014-02-13 01:39From:awice.com Author:admin Click: Time
A quadrupling of jet fuel prices since 2003 has cut jet fuel consumption - 18 per cent since 2001 - and by half a billion barrels a year in the US compared with previous trends, according to Shipping Gazette. Similar cuts have been made in
A quadrupling of jet fuel prices since 2003 has cut jet fuel consumption - 18 per cent since 2001 - and by half a billion barrels a year in the US compared with previous trends, according to Shipping Gazette.
Similar cuts have been made in Europe and in the rest of the developed world, Reuters reports. Replacing the 24,000 planes in the global fleet with new fuel-efficient aircraft is expected to cut fuel use 25 per cent.
The reduction is attributed to slower growth in passenger numbers, more fuel-efficient aircraft and fewer empty seats.
New aircraft use 25 per cent less fuel than global fleet average. The average plane was 72.6 per cent full in 2002. By 2012, the load factor had reached 82.5 per cent.
In 2013, US and international airlines operating in or from the United States consumed more than 500 million barrels of jet fuel, according to statistics. 
US jet fuel consumption has been falling for more than a decade after peaking in 2001, down 18 per cent from 631 million barrels a year, according to the US Energy Information Administration.
Between 1980 and 2000, jet consumption grew at a compound annual rate of 3.6 per cent. Had that trend continued, consumption would be more than a billion barrels a year rather than today's 516 million.
American and international airlines operating in the US spent $51 billion on fuel in 2012, up from just $15 billion in 2000, according to the Bureau of Transportation Statistics.
The International Air Transport Association (IATA) says 12,000 new aircraft costing US$1.3 trillion will be purchased by 2020, resulting in another substantial cut in fuel use. (Edit:admin)
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