Aircraft Operating Cost Spreadsheet

Prepared by: Mason Holland

Caution: Use of this spreadsheet may reveal the actual cost of fly
Instructions: Click on Input sheet tab below Answer questions in the input column Click on Results tab to review results

You are free to copy, modify, and use this spreadsheet at will. The author only asks that you e mail any spreadsheet errors or suggestions for improv Enjoy

e actual cost of flying. Proceed with caution

r suggestions for improvement to: mholland@ampen.com

Please answer these questions in the Input Column

What is your Aircraft Registration Number (N- number)? Variable Costs How much do you pay for a gallon of aviation fuel? What is the average fuel consumption (in gallons/hour) for this aircraft? What is the cost per oil change (parts & labor, oil analysis)? How many hours between oil changes? What is the average oil consumption (in quarts/hour) for this aircraft? What is the average cost for a quart of oil? How much does a factory overhaul cost for this engine? What is the factory recommended time between engine overhaul (hours)? What is the cost to overhaul the propeller? What is the factory recommended time between overhaul for the propeller (hours)? Fixed Costs What is the Annual Insurance Premium? How much are the Annual Hanger or Tie Down Costs? Estimate cost for annual inspection plus any misc. unscheduled maintenance during the year How much will it cost to upgrade the aircraft avionics in 5 years? How much will it cost to repaint the aircraft and refurbish the interior in 5 years? Annual Subscription costs for Avionics databases (Garmin/Sandel/Avidyne)? Annual Costs of Paper Charts and Approach Books? Annual Costs of Ground school classes, books,magazines, cleaning supplies ? What is the value of the aircraft? What is the loan balance? What is the loan interest rate? If you did not own this plane, what interest rate would you earn on your money annually? What is the appreciation rate of the aircraft (enter depreciation as a negative)?

Input N6026K

$4.50 16 $180 50 0.15 $4.50 $30,000 2000 $2,500 1000

$5,500 $600 $5,000 $0 $0 $910 $500 $500 $330,000 $306,000 6.50% 5% -3%

Aircraft Operating Cost Worksheet

Aircraft Registration Number N6026K

Direct Operating Costs (/hour) Fuel Oil Changes/Oil Adds Total Variable Costs per hour Fixed Costs (/year) Insurance Hanger/Tiedown Annual Inspection Avionics Database Subscriptions Paper Charts/Books/ Ground School/ Supplies Cost of Money per year Total Fixed Costs per year Reserve Costs (/hour) Engine Overhaul Reserve Propeller Overhaul Reserve Total Reserve Costs per hour Reserve Costs (/year) Avionics Overhaul/Replacement Aircraft Paint/Interior Refurbishment Total Reserve Costs per year

$ $ $

Results 72.00 4.28 76.28

$ $ $ $ $ $ $

5,500.00 600.00 5,000.00 910.00 1,000.00 30,990.00 44,000.00

$ $ $

15.00 2.50 17.50

$ $ $

Hours Flown Per Year Cost Per Hour to Fly (w/o Reserve Costs) Cost Per Hour to Fly (w Reserve Costs) $ $

100 516.28 533.78 $ $

200 296.28 313.78 $ $

300 222.94 240.44 $ $

400 186.28 203.78 $ $

500 164.28 181.78

Total Annual Cost (with Reserve Costs)

53,377.50

62,755.00

$ 72,132.50

$ 81,510.00

$ 90,887.50

Mason R. Holland Jr.