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☆ A push toward sustainable jet fuel is leaving investors with unanswered questions
▼ + stars: | 2024-09-17 | by ( Jenni Reid | ) www.cnbc.com time to read: +8 min

Bloomberg | Bloomberg | Getty ImagesThe aviation industry still sees so-called "sustainable aviation fuel" (SAF) as the only viable way to meet its decarbonization targets, even as opposition and the potential for higher costs for passengers pose obstacles to the fast-growing sector. SAF is a broad term describing fuel that is burned by an aircraft engine, but instead of using kerosene is derived from more sustainable sources. The planemaker said it is collaborating with producer HIF Global on the development of methane-based fuels, and investing in alcohol-to-jet fuel producer LanzaJet. But IATA's own forecast for SAF production to triple in 2024 to 1.9 billion liters would cover just 0.53% of aviation fuel demand for the year. "The truth is, it's going to be more expensive, you can't really sugarcoat that," said HIF Global's Clara Bowman.

Persons: Neste, HIF, Buzz, Lauren Riley, Riley, Rick Nagel, You've, Clara Bowman, Bowman, United's Lauren Riley, HIF Global's Clara Bowman Organizations: SAF, Bloomberg, Getty, United Airlines, Chicago O'Hare International, Labour, Airbus, Farnborough Air, CNBC, International Air Transport Association, Acorn Capital Management, Porsche, HIF, Union's Renewable Energy Directive, Biden, Boeing, Google, Embraer Locations: Singapore, Chile, Texas, U.S, America

☆ Hydrogen-powered planes are on the way – but how would they work?
▼ + stars: | 2024-08-02 | by ( Maria Gomez De Sicart | Arjun Kharpal | ) www.cnbc.com time to read: 1 min

As the aviation industry scrambles for ways to reduce its carbon footprint, hydrogen has emerged as a high-potential solution to its problems. In 2022, aviation accounted for 2% of global energy-related CO2 emissions, according to the International Energy Agency. The International Air Transport Association, the trade association for the world's airlines, has committed to achieving net zero by 2050. IATA's 330 member airlines will rely on sustainable aviation fuel, offsets and carbon capture, and new technology to reach the goal. So, how would hydrogen fuel and planes work?

Organizations: International Energy Agency, International Air Transport Association

☆ Airlines headed for record revenue in 2024 as travel soars, but profit margins remain thin
▼ + stars: | 2024-06-03 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

The International Air Transport Association (IATA) raised its profit forecast for the airline industry in 2024 and predicts a record revenue of $996 billion. "With a record five billion air travelers expected in 2024, the human need to fly has never been stronger. DUBAI, United Arab Emirates — The International Air Transport Association raised its profit forecast for the airline industry in 2024 and predicts revenue of $996 billion — a record high and a 9.7% jump on the previous year. But while revenues and profits are enjoying tailwinds, expenses are also soaring, leaving profit margins thin, the IATA report said. Total expenses for global airlines are expected to reach $936 billion, according to the industry body's projections — a 9.4% annual increase and a record high.

Persons: Willie Walsh, Walsh Organizations: International Air Transport Association, United Arab Emirates, Airlines Locations: Dubai, DUBAI, United Arab

☆ Inside China's plan for AI: shape reality and enforce its power
▼ + stars: | 2024-06-03 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at China's strict approach to overseeing its AI development and the threat it poses to the world. The country's history of censorship and surveillance is extending to its approach to AI , writes Business Insider's Linette Lopez. AdvertisementThe CCP's plan for AI is about shaping reality and enforcing its power, according to internal documents. What to do ahead of May's jobs report. Permabull Tom Lee said it's a great time to buy stocks — shocking — with a new jobs report set to drop on Friday.

Persons: —, Kiran Ridley, Stringer, Getty, Tyler Le, Insider's Linette Lopez, Linette, chatbots, Jinping, Xie Huanchi, we've, Ken Griffin's, Permabull Tom Lee, it's, Stocks, Keith Gill, It's, Amazon's, Alyssa Powell, boomer, Gen, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett, Annie Smith Organizations: Service, Harvard, Business, Chinese Communist Party, of, People, Getty, Citadel Securities, BI, GameStop, Cloud, Prime, Apple, American Express, Research, Boomers Locations: China, Beijing, Xinhua, New York, London, Chicago

☆ No one died in a jet plane crash in 2023, the safest year in aviation history — but 2024 is off to a rockier start for airlines
▼ + stars: | 2024-02-29 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

2023 was the safest year for flying, IATA found. On average, you would have to fly every day for over 100,000 years to experience a fatal incident. AdvertisementLast year was the "best ever" for flying safety, the International Air Transport Association said. It found that on average, a person would have to fly every day for 103,239 years before experiencing a fatal incident. There was only one fatal incident in 2023, a crash involving a domestic flight in Nepal in which 68 passengers and four crew died, according to IATA.

Persons: —, Nobody, Willie Walsh Organizations: Japan Airlines, Boeing, Service, International Air Transport Association, Japan Airlines Airbus, Airport, Coast Guard, Alaska Airlines, Max, Portland International Airport, National Transportation Safety Locations: Nepal, Tokyo

☆ Will air fares remain high in 2024? Here's what experts say
▼ + stars: | 2024-01-08 | by ( Monica Pitrelli | Jonathan Delise | ) www.cnbc.com time to read: +5 min

"After recent rises in fares, we should expect a modest price correction in some markets in 2024, although underlying pricing should generally remain strong," it said. However, Amex GBT's "Air Monitor 2024" is expecting only international airfares to drop in 2024 — notably for flights between North America and Asia. BCD Travel Travel Market Report 2024 OutlookTravelers in the U.S. may see some savings. The travel company Hopper expects fares in the U.S. to drop — at least for the first six months, according to its "2024 Travel Outlook" report. However, IATA also stated that the industry faces considerable challenges, from customer competition and high operating costs to government regulations.

Persons: Amex, —, Hopper, John Grant, Who's, Willie Walsh Organizations: International Air Transport Association, Global, GBT Consulting, FCM, Travel, GBT's Air Locations: Asia, North America, U.S, Europe, Ukraine, Gaza, Pacific, India, China, America, Mexico Africa

☆ Japan's Mitsui to buy 12.7% stake in Axiata's digital and analytics unit
▼ + stars: | 2023-11-02 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Lim Huey Teng/File Photo Acquire Licensing RightsNov 2 (Reuters) - Japanese trading house Mitsui (8031.T) will take a 12.69% stake in Axiata Group's (AXIA.KL) digital and analytics unit, the Malaysian telecommunications conglomerate said on Thursday. Mitsui will invest $58 million in Axiata Digital & Analytics (ADA) through ADA's holding company, Axiata Digital Services. Mitsui's latest investment currently values the digital and analytics firm at $550 million. "Through this additional investment, Mitsui will provide ADA's marketing solutions and data analysis services to Mitsui's important partners and investees to help accelerate their marketing DX efforts," the Japanese firm said. Mitsui will also acquire an additional 16.7% stake in Axiata Digital Services, beefing it up to 20%.

Persons: Lim Huey Teng, Axiata, Rishav Chatterjee, Sonia Cheema Organizations: REUTERS, Mitsui, Axiata, Analytics, Axiata Digital Services, Thomson Locations: Kuala Lumpur, Malaysia, Malaysian, ADA's, Bengaluru

☆ More than 55 global airlines still fly over Russia, including to and from the US: 'a crisis in the making'
▼ + stars: | 2023-10-07 | by ( Taylor Rains | ) www.businessinsider.com time to read: +8 min

AdvertisementAdvertisementEven though Russian airspace is closed to US airlines, many Americans may still end up flying through Russian skies. This includes four European carriers: Air Serbia, Turkish Airlines, Pegasus Airlines, and Belarus' Belavia. Emirates' flight path from Dubai to Los Angeles on September 25 showed it flew over Russian airspace. Looking at the time of writing for mid-November, a ticket on Air India is nearly $2,000 cheaper than American. This was a particular concern earlier this year when Chinese airlines were using Russian airspace on routes to the US.

Persons: —, FlightRadar24, Robert Menendez, James Risch, Putin, Roman Protasevich, Scott Kirby, Kirby Organizations: Carriers, Air India, Service, Moscow, Air, Turkish Airlines, Pegasus Airlines, Ethiopian Airlines, Qatar Airways, Etihad Airways, US ., Los Angeles, Uzbekistan Airways, Reuters, Travelers, NBC News, White, Malaysian Airlines, Ryanair, United Airlines, overflying, Airlines, China Eastern Airlines, American Airlines, Google, Current, Delta Air Lines Locations: Europe, Russia, Ukraine, Asia, Emirates, Russian, Air Serbia, Turkish, Belarus, Moscow, Africa, Air China, US . Emirates, Dubai, Los, West Coast, FlightAware . Emirates, Los Angeles, Air India, New Delhi, New York, Chicago, San Francisco, Tashkent, Qatar, Doha, China, detouring, Uzbekistan, American, Belarusian, Australia, overflying Russia, America, India, United

[1/2] Aeromexico aircrafts and other planes are parked at gates at Benito Juarez International Airport in Mexico City, Mexico January 19, 2023. REUTERS/Henry Romero/File Photo Acquire Licensing RightsMEXICO CITY, Aug 30 (Reuters) - Mexico's government plans to cap flights at the Mexico City International Airport (AICM) to 43 an hour, according to an internal government document order seen by Reuters on Wednesday. The cuts follow previous flight caps at the airport last year, as the government attempts to reduce saturation in the Mexican capital's airspace. Earlier on Wednesday, the International Air Transport Association (IATA) urged Mexico to take alternative measures to its plans to announce flight reductions at AICM. Mexico last year moved to diversify its airspace around the capital, opening the Felipe Angeles International Airport (AIFA) north of Mexico City and turning back to the largely forgotten Toluca airport to the west of town.

Persons: Henry Romero, Carlos Velazquez, Felipe, Peter Cerda, Andres Manuel Lopez Obrador, Lopez Obrador, Kylie Madry, Cassandra Garrison, Leslie Adler, Stephen Coates Organizations: Benito Juarez International Airport, REUTERS, MEXICO CITY, Mexico City International, Reuters, Transportation Ministry, International Air Transport Association, Felipe Angeles International Airport, Thomson Locations: Mexico City, Mexico, MEXICO, Latin America, Toluca, IATA's, America, Texcoco, Mexican

☆ A private plane pilot just lashed out at abusive customers, saying flight attendants are there for 'safety' and not to be a 'server'
▼ + stars: | 2023-08-25 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

A pilot says that flight attendants should be "more strict" with passengers. A flight attendants' union is also pushing for airlines to train its crew to "subdue and restrain" passengers. AdvertisementAdvertisementA private pilot has lashed out at abrasive customers, saying that flight attendants should tell customers they are here to ensure "safety" rather than just being a "server." People speaking disrespectfully to flight attendants and they, for the most part, ignore it. But somehow, the flight attendants ignore them," MacDonald said, adding that flight attendants are being "more tolerant" than customers think when dealing with disruptive passengers, said the pilot.

Persons: Morgan Gist MacDonald, We've, MacDonald, Taylor Garland, Conrad Clifford Organizations: Morning, Fox News Digital, Fox News, Firefly Aviation, International Air Transport Association, US Federal Aviation Administration, Association of Flight, Politico, Association of Locations: Cancun

ISTANBUL, June 6 (Reuters) - Global airlines called on Tuesday for broad co-operation to reach "very tough" emission targets and pledged to release interim climate targets next year as the industry aims for a goal of net-zero by 2050. Airlines are relying for 62% of their emissions reduction target on the fuel, which is currently between two to four times more expensive than kerosene. Walsh said airlines were not afraid to confront the fact that their share of total emissions will rise as other industries with fewer technological hurdles decarbonise. "Different parts of the world are moving at different paces and for us, representing global airlines, we've got to factor all of that into account." One thing airlines agreed on was frustration at aircraft delays, which have disrupted their schedules, with CEOs asking IATA to lobby planemakers.

Persons: Willie Walsh, Walsh, Jo Dardenne, Tim Clark, Clark, we've, Joanna Plucinska, Tim Hepher, Andrew Heavens, Sriraj Kalluvila, Alexander Smith Organizations: Aviation, International Air Transport Association, Sustainable Aviation Fuel, SAF, Transport, Environment, Dubai's Emirates, Reuters, Thomson Locations: ISTANBUL, Istanbul, planemakers, United States, Dubai

☆ Air travel to be disrupted by 'very frustrating' supply chain issues, IATA's Willie Walsh says
▼ + stars: | 2023-06-05 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +1 min

Supply chain issues will impact air travel in 2023, IATA director general says. Juliette Michel | Afp | Getty ImagesAir travel will be affected by "very frustrating" supply chain issues this year, according to Willie Walsh, director general of the International Air Transport Association, as he discussed the challenges facing the aviation sector this year. And we're already seeing that," Walsh told CNBC's Dan Murphy. A scarcity of air traffic control staff is also likely to be a problem in 2023, Walsh said. "The challenges we expect to see in the short term are outside of our control, and they principally relate to shortages, in resources in air traffic control," Walsh said.

Persons: Juliette Michel, Willie Walsh, Walsh, CNBC's Dan Murphy, We've Organizations: Afp, Getty, Air, International Air Transport Association, Boeing, Airbus Locations: U.S, United States, Europe

☆ Airlines say ready to avoid repeat of summer travel chaos
▼ + stars: | 2023-06-04 | by ( ) www.reuters.com time to read: +2 min

Airline leaders attending IATA's annual meeting in Istanbul this week remain concerned about air traffic control disruption in Europe and the United States, however. "But as far as they are concerned, they have fulfilled their obligation to get their resources in place for this summer. Rising numbers of disputes between travellers and airlines globally have led to calls for passenger compensation. Some passenger groups have accused airlines of skirting compensation by invoking an exemption for exceptional circumstances. Airlines have reported strong bookings for this summer as air traffic returns towards pre-COVID levels.

Persons: Willie Walsh, they've, Walsh, Eurocontrol, Tim Hepher, Joanna Plucinska, Aditi Shah, David Holmes Organizations: Airlines, International Air Transport Association, Sunday, Airline, Reuters, European, Thomson Locations: ISTANBUL, Istanbul, Europe, United States, North America, Canada, U.S, European Union, Ukraine

☆ Global airline capacity constrained until 2025 says IATA's Walsh
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: 1 min

DUBLIN, April 19 (Reuters) - Global airline capacity will be lower than expected this year and stay constrained until 2025 at the earliest, said IATA head Willie Walsh, blaming delays in new aircraft deliveries and a lack of availability of spare parts, particularly for engines. "I can't see anything really improving or significantly improving probably until 2025 at the earliest and it may even go beyond that," Walsh told Reuters on the sidelines of a conference in Dublin on Wednesday. Reporting by Conor Humphries, writing by Sarah Young; editing by James DaveyOur Standards: The Thomson Reuters Trust Principles.

☆ Former Argentina policeman gets 15 years in jail for Dirty War-era crimes
▼ + stars: | 2022-12-22 | by ( Maximilian Heath | ) www.reuters.com time to read: +2 min

Mario Sandoval is one of many former officers who have been sentenced for crimes against humanity committed during the 1976-1983 dictatorship's brutal crackdown against suspected leftists and political dissidents. He was sentenced for the disappearance of university student Hernan Abriata, who was kidnapped from his home in 1976. "This ruling is fundamental because it shows the importance of continuing to seek justice everywhere," Horacio Pietragalla Corti, Argentina's human rights secretary, told Telam. After the fall of the dictatorship Sandoval moved to France where he obtained citizenship in 1997. Reporting by Maximilian Heath; Writing by Sarah Morland; Editing by Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

☆ Southeast Asia's 5G outlook remains 'bleak' in short term despite tech giant partnership, report says
▼ + stars: | 2022-12-09 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

The Tech Mahindra-Axiata Group Berhad partnership may help accelerate 5G in Southeast Asia but the short-term outlook for the industry is "bleak," Fitch Solutions said in a country risk and industry research report. Last week, Indian IT and consulting giant Tech Mahindra and Malaysian telco conglomerate Axiata Group Berhad inked an agreement to jointly develop and commercialize 5G enterprise solutions in Malaysia, Sri Lanka, Bangladesh, Nepal and Cambodia. "We believe that this is a promising partnership as it combines the capabilities of Tech Mahindra's 5G enterprise solutions with Axiata's expertise in mobile connectivity, network infrastructure and product services," said Fitch Solutions. While 5G has many benefits, the report said it is still in a nascent stage for many Southeast Asian countries. 5G is the fifth generation of cellular networks and is up to 100 times faster than 4G.

☆ Taxation is a blunt instrument, IATA chief Willie Walsh says: 'The carrot is far more effective than the stick'
▼ + stars: | 2022-11-07 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +3 min

watch nowThe aviation industry requires more carrot and less stick going forward to become more sustainable, according to the director general of the International Air Transport Association. "Quite honestly, all of the evidence that we have available shows that the carrot is far more effective than the stick," Walsh replied. Among other things, this would see both maritime and aviation fuels taxed. "So for us, the key to our goal is the use of sustainable aviation fuels — the science there is proven." "What we've got to do is turn what is very low levels of production of sustainable fuels into widespread availability."

☆ Super-rich keeping flying private despite surging fuel costs making charters even more expensive
▼ + stars: | 2022-10-16 | by ( Stephen Jones | ) www.businessinsider.com time to read: +4 min

Surging fuel, inflation, and labor costs have sent private jet charter prices up significantly. It's a similar story for flyExclusive, another private jet charter firm. "So far it hasn't negatively impacted demand," Seagrave tells Insider, but admits that further price rises may have an impact sooner or later. For flyExclusive passengers, fuel represents between a quarter and 37% of the charter cost, Seagrave tells Insider. VistaJet runs a membership service which means its customers pay an hourly fee, but they still have to pay a fuel surcharge, Qi says.

☆ Airlines add flights to Hong Kong but the aviation hub won't be back to normal anytime soon
▼ + stars: | 2022-09-26 | by ( Michelle Toh | Cnn Business | ) edition.cnn.com time to read: +6 min

Hong Kong (CNN Business) International airlines are scrambling to add more flights to Hong Kong as the city ends two and a half years of quarantine measures , leading to a surge in demand for travel. This will absolutely increase the demand for travel to and from Hong Kong," Christoph Meyer, Lufthansa's general manager of sales for Hong Kong, Macao and South China, said in a statement. International Air Transport Association Director General Willie Walsh said last week that China's zero-Covid policy had "devastated" Hong Kong. Friday's news puts Hong Kong back on "the right track," said Dr. Kam Hung Ng, assistant professor of aviation engineering at the Hong Kong Polytechnic University. He told CNN Business that Hong Kong still had advantages that could allow its aviation industry to recover to pre-pandemic levels, "or even more."

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