We’ve delved into the data from World Air Transport Statistics (WATS) to uncover the insights for 2022.
According to WATS, the three biggest costs for airlines globally are aircraft fuel and oil, depreciation and amortization, and flight salaries and expenses. Aircraft fuel and oil account for a substantial 28.7% of total airline costs, highlighting the significant impact of fuel prices on operational expenses. Meanwhile, depreciation and amortization make up 9.1%, followed closely by flight crew salaries and expenses at 8.6%.
But here’s where it gets interesting: the cost breakdown of airlines varies significantly by region. For instance, in Latin America and the Caribbean, aircraft fuel forms 36.3% of total airline costs, compared to 25.5% in North America.
Interested in exploring regional breakdowns for additional airline costs? The IATA World Air Transport Statistics offers detailed cost breakdowns by region, alongside a wealth of other statistics on financial performance, aircraft type, passenger and cargo traffic, and much more.
