Airline tickets may grow-Airlines
2022.12.06 05:45
Airline tickets may grow-Airlines
Budrigannews.com – The head of a global trade association stated on Tuesday that as the industry moves toward its goal of reducing emissions to net zero by 2050, airline passengers will see higher ticket prices.
Willie Walsh, Director General of the International Air Transport Association, which includes most of the major airlines in the world, urged Europe to take swifter action to increase the production of sustainable aviation fuel (SAF), which is currently scarce.
Due to rising costs for conventional fossil-based jet fuel, air fares have already increased this year.
At an annual media briefing, Walsh stated to reporters, “You cannot expect an industry making on average $1 profit per customer to absorb the increases we’ve seen.”
“As the industry moves toward net zero, ticket prices will have to be affected in the future as carbon costs rise. The airlines are unable to handle rising costs.”
Environmentalists argue that increasing air travel costs will reduce traffic growth and reduce emissions.
In apparent contrast to European objections that new American incentives could result in an uneven playing field, Walsh praised the United States’ efforts to increase production of clean fuels.
Walsh stated, “It is acknowledged that Sustainable Aviation Fuels are a part of the answer in the United States and they are heavily focused on additional production.”
He called “nonsense” efforts by the European Union to require airports to stock up on SAF, which is hard to come by.
He stated, “Europe’s response to the problem penalizes people.”
In July, the European Parliament supported aviation fuel regulations that expanded the definition of what constitutes a “green fuel” and established binding targets for the replacement of kerosene with sources that are less polluting.
The Biden administration has launched a government challenge in the United States to supply at least 3 billion gallons of SAF annually by 2030.
The aircraft area is viewed as one of the most challenging to decarbonise as fuel for flights won’t be quickly supplanted with different sorts of force.
The U.S. Inflation Reduction Act of this year includes substantial tax credit subsidies for the SAF industry; however, leaders in the European industry, including the CEO of planemaker Airbus, have stated that the legislation is unfair.
