RE:RE:Q1 results and onwardsRef:https://filecache.investorroom.com/mr5ircnw_aircanada/532/Q4_2023_Air_Canada_MDA.pdf
Page 45 Real numbers that the 2024 budget was built on
Fuel
Fuel – Jet fuel price (US$/barrel) (1) $129.0 US$1/barrel increase $ (45)
Fuel – Jet fuel price (C$/litre) (1) $1.13 1% increase $ (58)
Global jet fuel price is currently at $105.13USD/barrel, almost $24USD per barrel lower than budget.
Each $USD lower adds $45millionCAD to the operating profits.