Week Ending as at 14th April
Jet A1 continued to increase in cost per gallon in the past week, the increase in prices since the beginning of the year shows no signs of abating.
Data courtesy of IATA Economics and Platts.
The impact on airline business plans will still be adverse from the onset of the year although the exchange rate losses have begun to unwind in the last 3 weeks.
The Jet A1 Prices index currently stands at 231.1 vs 220.2 on the 22nd March, 2019.
Methodology for Platts Jet Fuel price index
Platts Jet Fuel Price Index is calculated by Platts using that organization's proprietary daily assessments for Jet Fuel spot prices in the relevant regional centers. When a market is not assessed on a particular day, for instance because of a market holiday, the previous working day's spot assessment is used.
Each of the individual Platts assessments is given a weighting by Platts in the regional baskets, based primarily on uplift data and trading volume; in a similar way, each of the regional indices is given a weighting in the Global Composite Index (specified in the column "Share in Composite Index").
These values are compared with the average spot prices in 2000, similarily weighted by uplift during that period, to generate a percentage figure reflecting the overall rise in markets compared to the base period. As an example, an index value of 200 reflects a doubling of price since the year 2000.
Please note that all aspects of the Jet Fuel Price Index methodology and data, including the underlying data, are the intellectual property of Platts, a division of the McGraw-Hill Companies.