No more cheap flights is the new reality for air travel

Airlines face an expensive and challenging few decades ahead as climate compliance laws get stricter

Apr 25, 2023

Summer flights are currently one-third more expensive than last year. But two new reports make it clear that this isn’t just temporary turbulence. It’s the new reality for flying as airlines face a huge decarbonization challenge and tightening climate-compliance laws.

Key takeaways

  • Over the next three decades, aviation has to transform itself from a polluting industry - planes are responsible for 2.5% of global CO2 emissions - to a net-zero one;
  • The European sector’s plan to reduce emissions, it’ll do that by investing in future aircraft and infrastructure, making operations more efficient, and using alternative fuels and carbon-removal technologies;
  • Fewer flights is, naturally, the easiest way to slice carbon emissions, and so a demand drop would come with its own climate benefits.

Get the full story at Bloomberg

Related must-reads