A Holistic View Of Aviation’s Carbon Footprint, European Air Fares & North Asia Looks to the Future
International Air Transport Association (IATA)
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Welcome back! This week we stop by the 55th AFRAA AGM, take a look at how travelers in Europe are benefiting from air fares that are undercutting inflation and also delve into aviation’s carbon footprint. Let's get to it.
A Holistic View Of Aviation’s Carbon Footprint
A series of fireside chats at Wings of Change Europe looked at some of the major sustainability initiatives that will propel aviation to its net zero carbon emissions target by 2050.
It was noted that there is always an understandable focus on larger aircraft, but innovation will happen faster at the short and medium haul level where developments in electric and hydrogen-powered aircraft hold great potential.
This could force business models to change going forward, where higher frequencies with smaller aircraft or stops enroute will become the norm. Noise regulations, among many other rules, will also be influential in this regard.
Such developments will be an enabler in the widebody segment but, even so, sustainable aviation fuels (SAF) will be vitally important.
Learn more in Airlines magazine.
European Air Fares Rising Slower than Inflation
New data shows that travelers in Europe are benefiting from air fares that are undercutting inflation, as the market continues its post-COVID recovery. ?
Latest traffic figures show that European carriers sit just 3.6% down on the 2019 peak. Europeans are traveling despite the inflationary environment: In June, average air fares in Europe were around 16% higher than pre-pandemic. However, that is lagging the average consumer prices index for the EU, which in June stood at 20% over pre-pandemic.
Willie Walsh, IATA’s Director General:
“The recovery of Europe’s air transport market is bringing with it even more competitive market conditions. Consumers will see that with more routes and more airlines to choose from. In total, last year saw 20 new airlines born in Europe. This is important because a more competitive air transport market will make Europe a more competitive place to do business."
Learn more about inflation, air fares and how regulators could further enhance competitive conditions.
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News in Brief
Chart of the Week: Airline Market Share Profiles Vary Across Regions
Looking at the cumulative scheduled seat capacity for the top 25 airlines across different regions reveals stark differences in airline market structures.
Despite global restructuring in response to the pandemic, regional market shares of airlines have mostly maintained their pre-pandemic profiles.
As international flights resume, market consolidation could play a bigger role in managing capacity growth and controlling costs.
This strategy is key for any industry facing challenges in expanding their workforce and in distributing capacity efficiently across markets, and it should be an option also for airlines.
Learn more about the #WeeklyChart and how airlines are positioned for efficiency and growth.
Thanks for reading! Safe travels and please consider sharing this newsletter.
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1 å¹´Thanks for sharing
Senior Key Account Manager -Gerente Comercial na ASIA SHIPPING GROUP, MBA em LogÃstica e Supply Chain.
1 å¹´In Brazil, we may see clearly that there is a large opportunity to Foreign Air Company come in. Our air freight rates for cargoes and also passengers has been increasing week-to-week. No matter, if are Inbound our Outbound. We hope it may be changed as soon as possible. The fight against the Carbon emission surelly will contribute so that the worldwide can have a better life-style and to the new generations too.