Global Air Travel Surges to Pre-Pandemic Levels, Fuel Demand Soars

Airlines anticipate record passenger numbers in 2024, driving significant increases in jet fuel consumption despite efficiency gains.

International travel is expected to grow by 9.7% this year, with major increases in Asia, Europe, and North America.
Short-haul flights are leading the recovery, significantly boosting overall jet fuel demand.
Key airports like Dubai International and Singapore's Changi are reporting record passenger numbers.
The oil industry sees a positive impact from the renewed jet fuel demand, contrasting with environmental concerns over rising emissions.
Efficiency improvements have helped limit fuel consumption growth, keeping it slightly below 2019 levels.