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Average Fuel Price
Tracks the cost of fuel per gallon, a major expense for airlines, impacting profitability and pricing strategies.
Fuel moved from low/mid‑$1s in 2020 to a 2022 peak, settled near $2.5–3.0 through 2023–early‑2026, then abruptly jumped to ~$4.19/gal in June 2026 — a repeat shock that underpins United’s $340M Q1 fuel hit and wider guidance. Management is countering with capacity cuts, fare and ancillary increases and staged pass‑through targets to protect margins, but near‑term upside is limited because a meaningful share of summer inventory was sold pre‑spike and demand elasticity could blunt full recovery.
UAL Average Fuel Price
| Date | Average Fuel Price |
|---|---|
| Sep 30, 2026 | $3.90 |
| Jun 30, 2026 | $4.19 |
| Mar 31, 2026 | $2.78 |
| Dec 31, 2025 | $2.49 |
| Sep 30, 2025 | $2.43 |
| Jun 30, 2025 | $2.34 |
| Mar 31, 2025 | $2.53 |
| Dec 31, 2024 | $2.40 |
| Sep 30, 2024 | $2.56 |
| Jun 30, 2024 | $2.76 |
| Mar 31, 2024 | $2.88 |
| Dec 31, 2023 | $3.13 |
| Sep 30, 2023 | $2.95 |
| Jun 30, 2023 | $2.66 |
| Mar 31, 2023 | $3.33 |
| Dec 31, 2022 | $3.54 |
| Sep 30, 2022 | $3.81 |
| Jun 30, 2022 | $4.18 |
| Mar 31, 2022 | $2.88 |
| Dec 31, 2021 | $2.41 |
| Sep 30, 2021 | $2.14 |
| Jun 30, 2021 | $1.97 |
| Mar 31, 2021 | $1.74 |
| Dec 31, 2020 | $1.35 |
| Sep 30, 2020 | $1.31 |
| Jun 30, 2020 | $1.18 |
| Mar 31, 2020 | $1.90 |
