It's counter-intuitive, but an aircraft can be more efficient at higher airspeeds. The reason for this is that, unlike a ground vehicle, an aircraft in level flight must expend energy generating lift to balance its weight. This loss of energy shows up as lift-induced drag [1]. As airspeed increases, the losses to lift-induced drag decrease, while the losses to aerodynamic drag increase. Where the point of minimum total drag lies depends on several factors including weight and altitude. See [2], which contains a chart for a generic aircraft which is 5% less efficient at Mach 0.72 than it is at Mach 0.80.
1. https://en.wikipedia.org/wiki/Lift-induced_drag
2. http://atmseminar.org/seminarContent/seminar11/papers/481-Je...