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Global airline bosses to address geopolitical, climate challenges

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By illuminem briefings

· 2 min read

illuminem summarizes for you the essential news of the day. Read the full piece on Reuters or enjoy below:

🗞️ Driving the news:
Global airline leaders will convene at the International Air Transport Association (IATA) annual meeting in Dubai from June 2-4 to tackle challenges including geopolitical tensions, aircraft shortages, and ambitious environmental targets amidst softening airfares

🔭 The context:
The aviation industry, which returned to profit in 2023 and saw air passenger traffic match 2019 records, now faces rising costs and increased competition
• Concerns are mounting over the feasibility of achieving net-zero carbon emissions by 2050, and the impact of geopolitical conflicts on flight routes

🌍 Why it matters for the planet:
Achieving net-zero emissions is critical for the aviation industry's role in mitigating climate change
• The industry's reliance on sustainable aviation fuel and other measures will be scrutinized for their effectiveness in meeting environmental goals

⏭️ What's next:
The IATA meeting will discuss strategies to manage these challenges, including regulatory issues, passenger rights, and the expansion plans of Gulf carriers like Emirates
• Outcomes could shape the future of global aviation policies and environmental commitments

💬 One quote: “
The jury is out and there is a lot to be done,” said Airbus CEO Guillaume Faury, on the aviation industry's net-zero target by 2050

📈 One stat:
Global airline capacity in the second quarter of 2024 is 4% higher than in 2019, according to OAG data

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