An Algerian plane believed to be carrying Algerian President Abdulaziz Bouteflika takes off from Grenoble–Saint-Geoirs airport on November 15, 2015. AFP/ JEAN-PERRE CLATOT
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U.S. airlines are saving tens of millions of dollars every week because of lower prices for jet fuel, their largest expense.In the 12 months ending in September, U.S. airlines saved $1.6 billion on jet fuel. That helped them post a 5.7 percent profit margin in the first three quarters of this year – robust for the industry, but lagging behind the 10 percent average for the Standard & Poor's 500 .With that in mind, here's a closer look at what's going on with airfare and the price of jet fuel:r The average domestic airline ticket in the U.S. during the 12-month period ending in September rose 3.5 percent to $372.21, according to an Associated Press analysis of data from the Airlines Reporting Corp., which processes ticket transactions for airlines and travel agencies.r In the 12-month period ending in September, U.S. airlines burned through nearly 16.2 billion gallons of fuel. another way: U.S. airlines burn through 311 million gallons of fuel in a week.In the first nine months of this year, U.S. carriers spent $10.2 billion on capital improvements, according to the industry's trade and lobbying group, Airlines for America.
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