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It follows the successful transatlantic crossing by a Gulfstream G600 business jet using the same fuel last week. SAF is key toward reducing those emissions, but it is costly and accounts for less than 0.1% of total global jet fuel in use today. The fuel used to power Tuesday's flight is mostly made from used cooking oil and waste animal fat mixed with a small amount of synthetic aromatic kerosene made from waste corn, Virgin Atlantic said. Yet the 2030 target looks challenging given SAF's small volumes and its high cost, right now about three to five times as much as regular jet fuel. Virgin said the engines on the flight would be drained of SAF and tested before it returns to service using regular fuel.

Persons: Virgin, Richard Branson, Shai Weiss, Mark Harper, John F, Magdalena Heuwieser, Sarah Young, Joanna Plucinska, Tomasz Janowski Organizations: Virgin Atlantic, Virgin Boeing, Royce, Trent, Gulfstream G600, London Heathrow, Kennedy International Airport, Virgin, SAF, Boeing, BP, Aviation, British Airways, Air France, Union, Thomson Locations: London, New York, Dubai

LONDON, Oct 11 (Reuters) - British Airways said on Wednesday it would suspend all of its flights to Tel Aviv after it diverted a flight from London back to Britain due to security concerns in Israel. "Safety is always our highest priority and we've taken the decision to return our Tel Aviv flight to Heathrow (Airport)," a spokesperson for British Airways said. British Airways had operated a single daily flight to Tel Aviv before the suspension, according to flight tracking website FlightRadar. With British Airways' suspension, no IAG-owned (ICAG.L) airlines are now offering flights to Tel Aviv, a spokesperson for the group said. Flightradar showed the flight in question, BA165, had almost reached Tel Aviv before beginning its return to London.

Persons: haven't, Flightradar, Sarah Young, Joanna Plucinska, Sachin Ravikumar, Bernadette Baum, Jonathan Oatis, Rod Nickel Organizations: British Airways, Aviation, Palestinian, Hamas, Ben Gurion, Thomson Locations: Tel Aviv, London, Britain, Israel, Heathrow

LONDON, Feb 24 (Reuters) - British Airways-owner IAG (ICAG.L) forecast 2023 profit could jump almost 90% after its financial performance improved substantially last year and it agreed a deal to buy all of Spain-based Air Europa. For 2023, the airline group, which also owns Iberia, Vueling and Aer Lingus, forecast operating profit in the range of 1.8 billion euros ($1.91 billion) to 2.3 billion euros, compared to the 1.22 billion euros it made last year. That result came in ahead of analyst expectations and represented an improvement of 4 billion euros from the previous year when COVID-19 travel restrictions made airlines across the world loss-making. IAG agreed on Thursday to pay 400 million euros ($423.84 million) to Spain's Globalia for the remaining 80% of Air Europa it did not already own, a deal aimed at expanding its position in the Latin American market. Looking ahead, chief executive Luis Gallego said IAG was seeing robust forward bookings, although it remained conscious of the global macro-economic uncertainties.

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