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Increases in fuel costs and environmental concerns have in recent years heightened the importance of fuel efficiency as a design consideration in vehicles, especially aircraft. For this reason, a greater understanding of the energy consumption of vehicles is needed, both for design and operational decisions. Exergy, a measure of available work in an imbalance of state, allows systems to be compared on an equal basis with losses and waste being equated to fuel costs. Vehicles and especially aircraft do not operate in steady state as do industrial plants, the traditional subject of exergy analysis. While some analysis of aircraft has been performed in the literature, time-variance has not been addressed, leading to a lack of detail and only very broad conclusions. It is proposed that in order to fully understand aircraft energy use, a fully time-variant analysis must be performed.