Here’s your most essential aviation fuel management roundup. For the November 2020 issue, we’ve collected six news you shouldn’t miss — covering topics from sustainability, hedging, innovations, and digital approaches.
Aviation Fuel Management Round-Up
From our perspective, aviation fuel management is one of the fascinating areas of an airline’s operations. It’s a time-critical process where many stakeholders come together, and collaboration is of great importance. Nonetheless, it is also an area that drives costs as well as savings. And ultimately, it is a dynamic process where innovations happen, and digital approaches deliver enormous value.
However, we know that it is tough to keep up with all developments. That’s why we regularly publish our Aviation Fuel Management Round-Up. The roundup features a collection of relevant articles we consider helpful, insightful, or just worth reading.
Overview Aviation Fuel Management Roundup
In case you don’t require a summary of the article, here’s the overview of the featured article with direct links:
- IAG reviews fuel hedging strategy due to massive losses
- Market Forecast — Sustainable Aviation Fuel Market worth $15,307 million by 2030
- The first issue of the world’s only magazine about digital fuel management published
- ANA to become the first airline to use innovative jet fuel in Asia
- COVID-19: CO2 emissions fail to fall in line with flight cuts
- Milan Linate connects to the world’s biggest fuel network
Here’s a short review of each article to make it easier to decide if it is worth reading.
IAG reviews fuel hedging strategy due to massive losses
The International Airlines Group (IAG), the holding company of British Airways, Iberia, Vueling, Aer Lingus, and others, recently reported a massive loss due to its hedging activities. The loss totaled to $410 million in the third quarter. “This was driven by the fact that because we’ve reduced our capacity plans going forward, we are effectively more hedged or over-hedged than we were before,” says IAG’s CFO Gunning.
Read the whole article on Flightglobal.com.
Market Forecast — Sustainable Aviation Fuel Market worth $15,307 million by 2030
MarketsandMarkets published a very insightful market research report about Aviation Fuel Management. The reports is called “Sustainable Aviation Fuel Market by Fuel Type (Biofuel, Hydrogen Fuel, Power to Liquid Fuel), Biofuel Manufacturing Technology, Biofuel Blending Capacity, Platform, Region – Forecast to 2030.”
The reports forecast that the Sustainable Aviation Fuel Market size grew from an estimated USD 66 million in 2020 to USD 15,307 million by 2030, at a CAGR of 72.4% during the forecast period.
Read the article and request a download on prnewswire.com.
The first issue of the world’s only magazine about digital fuel management published
Information Design recently published the first issue of a magazine called “REFUELED.” As stated by Information Design, it’s the world’s first magazine solely focused on digital aviation fuel management. The magazine contains news, interviews, insights, and case studies from airlines. According to Information Design, the magazine will be released every quarter.
ANA to become the first airline to use innovative jet fuel in Asia
All Nippon Airways (ANA) made one step towards environmentally friendly air traveling by entering into a sustainable aviation fuel agreement (SAF) with Neste. Following the deal, ANA would become the first airline to use an innovative jet fuel on Japan’s flights.
Read the entire article on aerotime.aero
COVID-19: CO2 emissions fail to fall in line with flight cuts
One of the most surprising news we found lately. Dutch researchers found out that CO2 emissions fail to fall in line with flight cuts due to COVID-19. The researchers believe that an increase in long-distance cargo flights, combined with steeper reductions in short-haul passenger services than for long-haul operations, is responsible for carbon dioxide (CO2) emissions failing to fall in line with the overall drop in flights.
Read the whole article on flightglobal.com
Milan Linate connects to the world’s biggest fuel network.
Let’s complete this aviation fuel management roundup with positive news. In October, Milan Linate Airport has been connected to the world’s biggest fuel network. The fuel network connects airlines and fuel providers and enables digital fuel management processes. Linate is the second Italian airport that gets part of the network.
Read the entire news on id1.de