EU Looks To Tax Jet Fuel In Push To Cut Emissions
The European Union (EU) is looking to extend energy taxation to the aviation industry as the bloc is ramping up efforts to raise its chances of reaching the targets in Continue Reading
Oil Markets Optimistic As Air Travel Starts To Recover
The number of global commercial flights has more than doubled since this time last year, while U.S. traveler throughput has jumped six-fold since May 2020, suggesting that global jet fuel Continue Reading
Airlines Pull Back From Oil Hedging After Losing Billions
Commodity price hedging is a popular trading strategy frequently used by oil and gas producers as well as heavy consumers of energy commodities such as airlines to protect themselves against Continue Reading
Jet Fuel Demand Rebound Needs Return Of International Flights
Jet fuel demand is slowly recovering from the slump last year, and although the rise in passenger numbers nearly everywhere is encouraging, the meaningful recovery of aviation fuel consumption will Continue Reading
Wright demonstrates megawatt-class high-performance inverter for electric aircraft
Wright Electric, a company developing an electric single aisle commerical aircraft comparable to the Boeing 737 or Airbus 320 ( earlier post ), has begun testing and has demonstrated a Continue Reading
Jet Fuel Use Set to Surge 30% in USA
It’s the postponed weddings and family reunions. It’s meeting newborn grandchildren and attending memorial services for loved ones lost to the pandemic. It’s the rebooked trips to Maui and adventures Continue Reading
EIA: Jet Fuel Demand Is On The Mend
U.S jet fuel demand is rising along with an increase in domestic air travel, the Energy Information Administration (EIA) said this week. Global and U.S. jet fuel demand is slowly Continue Reading
Jet Fuel Demand Is A Headache For Oil Markets
Global jet fuel demand is slowly recovering from last year’s collapse. The number of commercial flights has more than doubled since April 2020 and even tripled on some days in Continue Reading
Universal Hydrogen announces $20.5M in Series A funding to build and test full-scale hardware for hydrogen commercial aircraft
Universal Hydrogen announced $20.5-million Series A financing round led by prominent Silicon Valley venture fund, Playground Global, with the investor syndicate comprising Fortescue Future Industries, Coatue, Global Founders Capital, Plug Continue Reading
Delta Air Lines’ recovery takes root as domestic travelers return
Highlights Delta to reopen middle seats on May 1 75% load factor seen in May Working to decarbonize footprint across operations Delta Air Lines, the nation’s second largest airline, saw Continue Reading