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
Global air travel on multi-track recovery as vaccines hang over jet demand outlook
Rebound in US domestic air travel leading global recovery Uncertainty about vaccine ‘passports’ hanging over outlook Jet demand seen recovering almost 600,000 b/d in June Global air travel continues to Continue Reading
Summer travel to push American Airlines towards pre-pandemic seat capacity
American Airlines expects its domestic and international seat capacity during the summer travel season to be within 10% and 20% of levels seen in the same period of 2019, the Continue Reading
The hydrogen revolution in the skies
A record-breaking commercial-scale hydrogen plane has taken off in the UK, with more set to join it soon. How far can such planes go in cutting the aviation industry’s emissions? Continue Reading
Project Fresson to develop hydrogen fuel cell retrofit for 9-passenger aircraft
Cranfield Aerospace Solutions (CAeS)—the UK SME leading the Project Fresson consortium—will exploit recent advances in hydrogen fuel cell technology to develop a commercially viable, retrofit powertrain solution for the nine-passenger Continue Reading
Rolls-Royce starts build of UltraFan aero-engine; 25% fuel efficiency improvement over first generation Trent
Rolls-Royce has officially started building the world’s largest aero-engine, UltraFan. Work on the first module is underway at the DemoWorks facility in Derby, UK, and the demonstrator engine, which has Continue Reading
Asia-Pacific Feb air passenger traffic plunges 94% on year, but cargo demand rises: AAPA
Asia-Pacific air passenger traffic plunged 93.7% year on year in February as nations maintained strict border controls due to the global pandemic, Association of Asia-Pacific Airlines data released March 29 Continue Reading
Air France Is Said to Be Near Deal for State Rescue Plan
The French government is close to finalizing a recapitalization plan for Air France after addressing some antitrust concerns raised by the European Commission, according to people familiar with the matter. The multi-billion-euro Continue Reading
Jet Fuel Demand Set To Recover As U.S. Air Travel Picks Up
The number of U.S. air travelers exceeded 1.5 million on Sunday, for the first time since the middle of March 2020, in a good sign for oil demand as U.S. Continue Reading
UK plans to hike tax revenue from long-haul flights under net-zero emissions drive
The UK government is planning to boost tax revenues from long-haul flights as part of the country’s commitment to achieving net-zero greenhouse gas emissions by 2050. Receive daily email alerts, Continue Reading
The Places You Can’t Fly to Anymore
The pandemic has changed how we fly, dramatically reducing the number of flights around the world. To show how Covid-19 has altered the skies, The Wall Street Journal analyzed flight Continue Reading
Oil’s Hardest-Hit Market Sees Hope in U.S. Airport Traffic Bump
A pick-up in spring break travel is pointing to the first signs of life for a battered jet fuel market, a trend that is likely to continue as more vaccinated Continue Reading
‘A matter of urgency’: airlines, tour firms react to EU health certificates proposal
EU’s executive arm has proposed launching digital certificates showing the holders pose no health risk from coronavirus, and to coordinate lifting of lockdowns The certificates would prove travellers have been Continue Reading
Novel pathway for aviation fuel from food waste–derived volatile fatty acids (VFA) could lead to 70% blends, up to 165% reduction in GHG
Researchers from the National Renewable Energy Laboratory (NREL), the University of Dayton, Yale University, and Oak Ridge National Laboratory have demonstrated the production of sustainable aviation fuels (SAF) from food Continue Reading
Is Travel Coming Back? Airports Have Busiest Days Since March 2020
Airline executives said they are starting to see a path out of the coronavirus pandemic as more passengers resume travel, following a weekend when airport volumes hit their highest levels Continue Reading
Cooking Oil Could Fuel Your Next Flight
The idea of flying on a plane fueled by cooking oil waste would have been ridiculous a decade ago. Now, this is reality. Sustainable aviation fuels, according to some, are Continue Reading
Sustainable aviation fuel rollout to gain momentum in Asia but hurdles remain
Sustainable aviation fuel has been slow to take off in Asia but the increased thrust on carbon emissions, a need to maintain reputational goodwill along with ready feedstock availability will Continue Reading
ARPA-E releases $10M for 6 projects developing electrical systems for fully-electric aviation applications
ARPA-E released $10 million in funding for 6 projects as part of the Connecting Aviation By Lighter Electrical Systems ( CABLES ) topic. CABLES is one of a set of Continue Reading
Biggest U.S. Airlines To Discuss Renewable Fuels With White House
The chief executives of the biggest airlines in the United States are set to meet virtually with the White House National Climate Adviser and an economic adviser to the President Continue Reading
Jet Fuel Demand Is The Only Thing Holding Oil Back
Oil prices have rallied since the start of this year, pushed up by the OPEC+ cuts tightening the market and the vaccine rollouts. Analysts and industry leaders have already called Continue Reading
Airlines Slammed By Soaring Jet Fuel Prices
Prefer to watch a video about jet fuel demand? Find Goldman Sachs’ latest forecast here Jet fuel prices hit a 13-month high last week as oil prices rose, making airlines’ Continue Reading
Airbus Hydrogen Plane With Turboprop Design Gaining Favor For Zero Emission Jet
A turboprop design is gaining momentum within Airbus SE as the solution to its challenge of developing a hydrogen jet by 2035, according to people familiar with the matter. The propeller Continue Reading
United Airlines to Buy 200 Flying Electric Taxis to Take You to the Airport
United Airlines wants to fly you to the airport. United Airlines Holdings Inc. said Wednesday that it plans to buy up to 200 flying taxis from an electric aircraft startup, Continue Reading
Rallying Oil Prices Are A Headache For Airlines
As if the airline sector needed another trouble on top of the reduced travel demand due to the pandemic, oil prices at their highest in a year are set to Continue Reading
Air passenger traffic in 2020 plunges 66% on year: IATA
Passenger air traffic plummeted 66% year on year in 2020 and the near-term outlook is one of continuing stagnation, the International Air Transport Association said Feb. 3. Receive daily email Continue Reading
Elon Musk Plans to Use Texas Natural Gas for His Starships
Elon Musk became the richest man in the world thanks to enthusiasm for Tesla Inc.’s sleek electric cars — and the company’s stratospheric stock price. But while Musk is perhaps Continue Reading
United Airlines warns 14,000 jobs at risk when payroll aid expires
United Airlines said on Friday it has sent warnings of potential furloughs to some 14,000 employees whose jobs are at risk once a second round of payroll support for airlines Continue Reading
Airlines Could Reduce CO2 Emissions With Better Use of Wind
Airlines could “substantially” reduce their fuel consumption if planes become more efficient at riding the wind, according to new research. Commercial flights between New York and London during the 2019-2020 winter Continue Reading
Boeing commits to deliver commercial airplanes ready to fly on 100% sustainable fuels by 2030
Boeing is committing that its commercial airplanes are capable and certified to fly on 100% sustainable aviation fuels (SAF) by 2030. Boeing has previously conducted successful test flights replacing petroleum Continue Reading
Bill Gates and Jeff Bezos Funds Back Hydrogen-Powered Plane Startup ZeroAvia
The hydrogen-powered aviation startup ZeroAvia Inc. has raised $37.7 million from the U.K. government and a group of investors that includes funds founded by Bill Gates and Amazon.com Inc. ZeroAvia said it Continue Reading
Grounded Flights Are Sending U.S. Jet Fuel Prices Sliding Again
The new wave of lockdowns around the world is sending U.S. jet fuel prices slumping and exports slowing to a trickle all over again. It’s not as bad as the crash Continue Reading
World’s Top Oil Trader: Airline Travel Won’t Recover Until Late 2021
Airline travel will continue to suffer in the first half this year and will only recover, and jet fuel consumption with it, in the back half of 2021, when mass Continue Reading
Airlines Buckle Their Seat Belts for a Bumpy 2021
Airlines are betting that coronavirus vaccines will reignite demand for travel this year. The question is when. Delta Air Lines Inc. Chief Executive Ed Bastian expects improvement starting this spring. Alaska Continue Reading
Cirium: 21 years of airline passenger traffic growth wiped out in 2020
Global aviation data firm Cirium released its new Airline Insights Review 2020 which reveals the deep impact on aviation of worldwide travel restrictions to curb COVID-19. The report shows that Continue Reading
Covid-19 Live News: U.S. Air Travel Hits Pandemic High, Adding to Fears of Yet More Case Surges and the New Variant
With the coronavirus raging in many parts of the country and hospitals dangerously overstretched, public health officials warned on Sunday that more calamitous days may be ahead, as infections tied Continue Reading
Not Even Christmas Can Save a Battered Market for U.S. Jet Fuel
Even with air travel surging ahead of the Christmas holiday in the U.S., demand for jet fuel is unlikely to fully recover anytime soon. Foot traffic through airports last weekend topped Continue Reading
Airlines to Bring Back Thousands of Workers After Passage of Covid-19 Aid Bill
Airlines are preparing to call back tens of thousands of workers they let go in October now that Congress has approved government assistance to cover carriers’ payroll through the end Continue Reading
Airline Slump Still Dogs Oil Demand
Oil prices may be ticking upward, but oil demand still isn’t getting any relief from jet fuel demand, according to the Energy Information Administration’s This Week in Petroleum report published Continue Reading
Airline passenger numbers down 61% on year in 2020: IATA
Air passenger numbers are set to have weakened by almost 61% in 2020 on the year to 1.8 billion, the International Air Transport Association said in a statement Nov. 24. Continue Reading
International flyers may soon need to get virus vaccinations
International air travel could come booming back next year but with a new rule: Travelers to certain countries must be vaccinated against the coronavirus before they can fly. Encouraging news Continue Reading
Emirates Sees 2022 Return of Jumbo A380s as Travel Recovers
Emirates sees a sharp recovery in demand for air travel next year as coronavirus vaccines are distributed around the world, meaning the carrier’s full fleet of jumbo Airbus SE A380 jets could Continue Reading