Jet fuel demand seen picking up
Recent years have not been kind to aviation, but with a recovery in demand taking place in 2010 and bullish projections for this year and the next, the future for jet fuel demand appears to be looking brighter. By Samuel Fenwick
The year 2009 was a bad one for the aviation sector and, by extension, jet fuel demand. Collective losses amounted to nearly $10 billion, while demand for aviation fuel in the US fell by 150,000 barrels a day (bpd) to 1.4 million barrels a day (mbpd). According to an International Air Transport Association (IATA) economic briefing, fuel costs as a percentage of all major airlines operating costs rose from 13.6% in 2001 to 32.3% in 2008.
According to a presentation by Andrew Herdman of the
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