Exhibit 3: All-in fuel cost

Calculated for an ERJ175 on the EGE–DEN route and converted the all-in fuel cost to cents per available seat mile (ASM)

LH2 costs consider 2030 production LCOH of $3.93 (unsubsidized) and $1.46 (subsidized). Other costs considered include hydrogen transit, liquefaction, cryogenic storage, and boil-off loss assumptions. Additional costs not considered directly in this analysis include but are not limited to aircraft and supporting equipment capital costs and personnel training costs associated with novel refueling/operating procedures.
Chart: RMISource: RMI Analysis