· 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
Click for more news covering the latest on sustainable mobility
