It is estimated that by 2040, using alternative fuels in the aviation industry will almost be as economical as using jet fuel. In 2040, switching to hydrogen fuel on short-range flights will cost 4.5 U.S. dollar cents for each available seat kilometer, while operating long-haul flights using synthetic fuel will cost 5.2 U.S. dollars per available seat kilometer.
Projected cost of aviation fuels in 2040, by fuel and flight type (in U.S. dollar cents per available seat kilometer)
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Statistics
McKinsey & Company. (February 28, 2021). Projected cost of aviation fuels in 2040, by fuel and flight type (in U.S. dollar cents per available seat kilometer) [Graph]. In Statista. Retrieved April 24, 2024, from https://www.statista.com/statistics/1267965/costs-alternative-fuels-aviation-industry/
McKinsey & Company. "Projected cost of aviation fuels in 2040, by fuel and flight type (in U.S. dollar cents per available seat kilometer)." Chart. February 28, 2021. Statista. Accessed April 24, 2024. https://www.statista.com/statistics/1267965/costs-alternative-fuels-aviation-industry/
McKinsey & Company. (2021). Projected cost of aviation fuels in 2040, by fuel and flight type (in U.S. dollar cents per available seat kilometer). Statista. Statista Inc.. Accessed: April 24, 2024. https://www.statista.com/statistics/1267965/costs-alternative-fuels-aviation-industry/
McKinsey & Company. "Projected Cost of Aviation Fuels in 2040, by Fuel and Flight Type (in U.S. Dollar Cents per Available Seat Kilometer)." Statista, Statista Inc., 28 Feb 2021, https://www.statista.com/statistics/1267965/costs-alternative-fuels-aviation-industry/
McKinsey & Company, Projected cost of aviation fuels in 2040, by fuel and flight type (in U.S. dollar cents per available seat kilometer) Statista, https://www.statista.com/statistics/1267965/costs-alternative-fuels-aviation-industry/ (last visited April 24, 2024)
Projected cost of aviation fuels in 2040, by fuel and flight type (in U.S. dollar cents per available seat kilometer) [Graph], McKinsey & Company, February 28, 2021. [Online]. Available: https://www.statista.com/statistics/1267965/costs-alternative-fuels-aviation-industry/