A Pathway to Increasing SAF. Also: Emergency Planning And Response

Welcome back! It's another busy week with the joint World Financial Symposium (WFS) and World Passenger Symposium (WPS) taking place in Chicago this Wednesday and Thursday. For now, let's get you caught up on the labor market, SAF, wayfinding and more. Let's get to it.

Creating A Virtuous Circle Of Investment In Sustainable Aviation Fuel

Marie Owens Thomsen, IATA's Senior Vice President Sustainability & Chief Economist, goes through the challenging financial conditions that sustainable aviation fuels face in the journey to #FlyNetZero.

She calls on governments to eliminate their support to fossil fuels and provide a level playing field that gives equal chances to all forms of energy:

?“To accelerate the reallocation of capital in favor of renewable energy, it is necessary to increase the risks and limit the returns associated with fossil energy. To do this, it is important for governments to eliminate their support for this sector, at least reaching a level playing field that gives equal chances to all forms of energy.”

Read the full piece to get a better understanding of the current situation and what more needs to be done to support sustainable aviation fuel.

News In Brief

?? Webinar: Cargo Operations - Market Outlook & Key Changes

?? Airlines Article: Wayfinding Takes a New Direction

?? Upcoming Event: Cargo Day Africa

Chart of the Week: Strong Global Labor Market Is Both Good And Bad For Airlines

Data from The World Bank show that global unemployment rates have been decreasing steadily since the spike that accompanied the COVID-19 crisis and are now below their pre-pandemic levels.

In fact, the unemployment rate in advanced economies remains close to historic lows (4.5% as of mid-2023).

Low unemployment rates mean that more people have jobs today than ever before, earning steady incomes and supporting air transport demand.

Meanwhile, staff and skill shortages have become more widespread and apparent in the post-pandemic world. Challenges with recruitment have been reported across the aviation value chain.

While airlines’ financial performance is improving from the historic losses recorded during the pandemic, the industry is facing headwinds across a number of cost categories, the two most important of which are fuel and labor.

Learn more about the #WeeklyChart and the global labor market.

Video of the Week: Instructor Testimonial for Emergency Planning And Response from IATA Training

Learn more about the course and secure your spot today:

• Emergency Planning & Response for Airlines
• Emergency Planning & Response for Airports & GHSPs

Thanks for reading! Safe travels and please consider sharing this newsletter.