With today's fuel prices, it costs about $450,000 to fill up a Boeing 747, depending on your market. By contrast, the Gulfstream G280, a popular business aviation aircraft, costs around $8,000 to fill.
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The B747-400, best known as the world's fastest commercial jetliner, has the capability of carrying up to 660 passengers in a partial double deck configuration. The average hourly rental rate of the Boeing 747-400 is around 30,950 USD per hour.
A Boeing 747 or 777 typically consumes approximately 5,000 gallons of fuel per hour while in flight. The cost of that fuel for the airline depends on a variety of factors such as current market prices and the type of jet fuel being used.
Next time you board a flight, just imagine you're putting a $20 bill in the airline's tip jar. Profit per passenger at the seven largest U.S. airlines averaged $19.65 over the past four years—record-setting profitable years for airlines. In 2017, it stood at $17.75, based on airline earnings reports.
Roei Ganzarski, chief executive of the electric motor manufacturer MagniX, told the BBC that a small aircraft will use $400 on conventional fuel for a 100-mile flight — but with electricity, “it'll be between $8-$12, which means much lower costs per flight-hour.”
A plane like a Boeing 747 uses approximately 1 gallon (about 4 liters) of fuel every second. Over the course of a 10-hour flight, it might burn 36,000 gallons (150,000 liters). The 747 burns approximately 5 gallons of fuel per mile (12 liters of fuel per kilometer).
But it's much more than a time waste. It's also a big source of carbon emissions. The average taxi time in the U.S. is between 16 and 27 minutes, which accounts for about 5% of a flight's fuel consumption. A Boeing 747, for example, uses 1 ton of fuel during a 15-minute taxi.
As a rule of thumb for the Boeing 747, pilots either quote dump rates ranging within 1–2 tons per minute or reference a thumb formula of dump time = (dump weight / 2) + 5 in minutes.
A private jet flight is billed by the hour, so the overall cost will be the hours of flight multiplied by the cost per hour. For example, if you have a 3-hour flight at $3,500 per hour, the base fare for the flight will be $10,500.
The cost to rent a private jet varies from $2,000 – $14,000 per billable flight hour. These hourly rates include a broad selection of aircraft from turboprops to the finest executive jets in the skies.