Wingtip devices are intended to improve the efficiency of fixed-wing aircraft by reducing drag. Although there are several types of wing tip devices which function in different manners, their intended effect is always to reduce an aircraft's drag. Wingtip devices can also improve aircraft handling characteristics and enhance safety for following aircraft. Such devices increase the effective aspect ratio of a wing without greatly increasing the wingspan. Extending the span would lower lift-induced drag, but would increase parasitic drag and would require boosting the strength and weight of the wing. At some point, there is no net benefit from further increased span. There may also be operational considerations that limit the allowable wingspan.

The fuel economy in aircraft is the measure of the transport energy efficiency of aircraft. Fuel efficiency is increased with better aerodynamics and by reducing weight, and with improved engine brake-specific fuel consumption and propulsive efficiency or thrust-specific fuel consumption. Endurance and range can be maximized with the optimum airspeed, and economy is better at optimum altitudes, usually higher. An airline efficiency depends on its fleet fuel burn, seating density, air cargo and passenger load factor, while operational procedures like maintenance and routing can save fuel.