Professional Documents
Culture Documents
Sustainable Aviation Outlook Report 2024 (SimpliFlying)
Sustainable Aviation Outlook Report 2024 (SimpliFlying)
CONTENTS
THE STATE OF SUSTAINABLE AVIATION IN 2024 6
THE SURVEY 10
PART I - CURRENT LANDSCAPE 12
10 FACTS TO KNOW ABOUT SUSTAINABLE AVIATION 14
THE INDUSTRY, IN NUMBERS 16
CONCLUSION 44
APPENDICES 46
PARTNERS 47
LIST OF PARTICIPATING AIRLINES 48
2
WELCOME
For over 15 years, SimpliFlying has been a trusted partner to airlines, airports,
S
and technology firms worldwide. We have been on a mission to help build trust in
aviation. To empower the industry to soar to new heights through digitalisation,
innovation, and a steadfast commitment to sustainability.
We're not just sought after strategy consultants, we are passionate advocates
for meaningful change. Headquartered in Singapore, our global team based out of
Canada, India, Spain and the UK is dedicated to equipping aviation and technology
executives with the tools, insights, and strategies needed to navigate the
complexities of sustainable aviation.
From major airlines and airports to aircraft manufacturers and travel technology
companies, our extensive client base underscores our reputation as a trusted
partner in the aviation industry since 2008.
3
SUSTAINABLE AVIATION OUTLOOK REPORT 2024 HOW CAN WE HELP?
Get in touch!
4 4
THE SURVEY
5
SUSTAINABLE AVIATION OUTLOOK REPORT 2024
6
THE STATE OF SUSTAINABLE AVIATION IN 2024
Learn what’s being done today: By surveying a selection of airlines that are
investing significantly in sustainability, we want to show how your peers are
going about the business of decarbonisation across five key categories: team
structure; strategy; managing perceptions; sustainability initiatives; and budget
and future outlook.
Incremental but immediate solutions: Even if you despair that there are
no immediate solutions, there’s no reason to shy away from incremental
approaches that add up. No SAF? No problem. Take a different approach
to optimisation. Perhaps fleet renewal. Perhaps by investing in eco-piloting
measures and technologies that can reduce hundreds of kgs of CO2 emissions
per aircraft per day.
Start the work: Most of all, do not wait for the perfect solution. Your peers
believe they can do something today. Believe in them, believe with them. Do
not think 2050 is someone else’s problem. The work being done today will
determine how quickly the industry can meet its net zero target.
Know where we stand: The first part of our report (with our partners Cirium
and Envest) offers an industry overview in terms of how various regions and
routes stack up in terms of relative and overall emissions.
7
SUSTAINABLE AVIATION OUTLOOK REPORT 2024
2 But do airlines nonetheless think they can get to net zero emissions? NO YES
4 Can something be done today without passing the costs on to customers? NO YES
5 Can something be done today that is not SAF, SAF and SAF? NO YES
8
THE STATE OF SUSTAINABLE AVIATION IN 2024
Shubhodeep Pal
Chief Operating Officer, SimpliFlying
shubhodeep@simpliflying.com
9
SUSTAINABLE AVIATION OUTLOOK REPORT 2024
THE SURVEY
To gain a deeper understanding of how airlines are approaching sustainability, we
conducted a comprehensive survey of 20 leading carriers from around the world, including
major players such as Air France-KLM, British Airways, Lufthansa Group, All Nippon
Airways, and Southwest Airlines. The survey covered five key areas: team structure,
sustainability strategy, perception of sustainability and communications, sustainability
initiatives, and budget and future outlook.
Our objective was to assess the current state of sustainability efforts within the airline
industry, identify best practices and challenges, and provide insights into how carriers
can effectively integrate sustainability into their business strategies. By examining these
critical aspects of airline operations, we aimed to shed light on the industry's progress
towards a more sustainable future and offer recommendations for further improvement.
The survey was taken by senior executives and sustainability leaders from each
participating airline. The questions were designed to elicit detailed information about
the carriers' sustainability policies, programs, and performance, as well as their plans for
the future. By gathering data from the airlines mentioned above, we sought to capture a
snapshot of the leading sustainability players in the industry.
Ultimately, our goal is to contribute to the ongoing dialogue around aviation sustainability
and support airlines in their efforts to reduce their environmental impact while continuing
to bring the magic of flying to millions across the globe.
10
THE STATE OF SUSTAINABLE AVIATION IN 2024
11
01
SUSTAINABLE AVIATION OUTLOOK REPORT 2024
12
PART I - CURRENT LANDSCAPE
CURRENT
LANDSCAPE
13
SUSTAINABLE AVIATION OUTLOOK REPORT 2024
10 FACTS
TO KNOW ABOUT
SUSTAINABLE AVIATION
1 $5 TRILLION
Decarbonising aviation is going to be
expensive. IATA estimates that the total
cost will be in the range of $5 trillion.
This is a stark contrast to the industry’s
current total R&D spending, which is
about US$23 billion annually.
5000 - 7000 5
2 NEW FACILITIES
IATA estimates thousands of new SAF
44,000 AIRCRAFT facilities will be required for aviation
65%
IATA estimates that SAF’s contribution
to achieving net zero by 2050 will be
around 65%. (See chart) 4
0.53%
However, an incredibly small amount of SAF
is currently available. In 2024, even though
SAF production is expected to triple to 1.875
billion litres (1.5Mt), it will account for only
0.53% of aviation’s fuel needs.
For more insights, charts and figures, see: Understanding Sustainable Aviation in 40 Charts.
14
PART I - CURRENT LANDSCAPE
7
CO2
ELECTRIC
FLIGHTS
The earliest commercial
electric flights are expected
8
CARBON
around 2028, most prominently
with Heart Aerospace’s first-
REMOVAL
generation 30-seater battery Many airlines are beginning to
electric-hybrid aircraft. disavow carbon offsets which
have proven controversial, and
are instead focusing on carbon
removal.
9
10%
6
HYDROGEN Operational efficiencies like eco-piloting
H2
taxi and greener infrastructure can contribute
The earliest commercial to ~10% of net zero targets for aviation.
hydrogen flights are
expected around 2026,
with ZeroAvia and Universal
Hydrogen currently testing
retrofitted aircraft in the
20-40 passenger capacity
range. (Airbus is also
planning a commercial
hydrogen aircraft but only
by 2035.)
FLY LESS – 10
PAY MORE
Customer consensus is leaning
towards decarbonisation. Many
flyers are willing to fly less and
pay more for flights that attempt
to neutralise their emissions.
To learn more about the gamechangers in sustainable aviation, order a copy of our book
“Sustainability in the Air”, featuring companies such as Heart Aerospace and ZeroAvia; and
airlines such as JetBlue and Etihad.
15
SUSTAINABLE AVIATION OUTLOOK REPORT 2024
16
PART I - CURRENT LANDSCAPE
Key findings
North America and As one might anticipate, Europe and North America currently
Europe dominate as dominate the industry's carbon footprint, accounting for the
Asia rises lion's share of emissions and fuel consumption. However, this
narrative is poised for a shift, as Asia rapidly gains traction,
positioning itself to overtake its Western counterparts in the
near future. Interestingly, a closer examination reveals that when
the emissions of the top 10 most carbon-emitting airlines are
counted, 80% of them are accounted for by North American and
European airlines.
SAF is rising, slowly The adoption of SAF remains abysmally low, with Air-France-
KLM leading the charge at a meagre 0.6% of their overall fuel
mix in 2022. On the procurement front, however, United Airlines
stands out, having secured offtake agreements for nearly 3
billion gallons of SAF – a commitment that, while commendable,
will materialise over an extended timeframe, potentially spanning
a decade or more.
17
SUSTAINABLE AVIATION OUTLOOK REPORT 2024
The climate crisis is an indiscriminate force, and no region can be left behind in our
collective pursuit of a net-zero future. The industry's efforts must be akin to a rising tide
that lifts all ships equally, without prejudice towards wealth, funding, or geographic
location. Wealthy nations and airlines that have contributed substantially to the current
predicament must shoulder the responsibility of funding their less affluent counterparts.
Greater investment
Capital injection into climate technology and sustainable aviation solutions are imperative
to bridge the funding gap and propel these innovations towards commercial viability at an
unprecedented pace. Public-private partnerships, government incentives, and collaborative
research initiatives must be leveraged to accelerate the development and deployment of
game-changing technologies.
Multi-faceted approach
18
PART IPART
- THEI INDUSTRY,
- CURRENT IN
LANDSCAPE
NUMBERS
Lufthansa
American Airlines Air France KLM Emirates
Delta Group
Turkish
United Airlines IAG Qatar Airways
Airlines
Southwest Airlines
Source: Envest
Source: Cirium
19
SUSTAINABLE AVIATION OUTLOOK REPORT 2024
Source: Cirium
20
PART I - CURRENT LANDSCAPE
21
02
SUSTAINABLE AVIATION OUTLOOK REPORT 2024
22
2
PART II - AIRLINE OUTLOOK
AIRLINE
OUTLOOK
23
SUSTAINABLE AVIATION OUTLOOK REPORT 2024
So how can we actually go about the hard work of changing the industry in the
most dramatic way since planes first started flying?
The answer is simple: We invest in people, in teams and in team structures that are
true to the cause at hand. What this might look like varies from airline to airline
and there are no right answers (yet). Only one thing is true – those truly serious
about their sustainability efforts have established a sustainability function within
their organisations.
24
PART II - AIRLINE OUTLOOK
Key findings
Hybrid teams reign The vast majority of airlines (80%) are adopting a hybrid team
supreme structure for their sustainability efforts, which combines a
dedicated sustainability team with staff distributed across other
functions. This approach allows for a core group of sustainability
experts to drive the agenda, while also embedding sustainability
responsibilities and mindsets throughout the organisation.
In contrast, only 5% of airlines rely solely on a dedicated
sustainability team, suggesting that a more integrated model is
preferred.
Staffing soars Airlines are investing heavily in personnel. Given the early
days of sustainability efforts, it’s striking that 60% of airlines
surveyed have more than 10 full-time staff focused exclusively
on sustainability, while another 35% have between 3-5 dedicated
sustainability employees. This headcount is expected to grow
rapidly, with 65% of airlines projecting they will have over 10 full-
time sustainability staff within the next year.
Leaders, not leader Somewhat surprisingly, respondents felt that sustainability was
too important an issue to be left to a single executive whether in
the C-suite or elsewhere. Many respondents, in fact, suggest that
the responsibility of their airline’s sustainability strategy should
require the involvement of most top management. This suggests
that sustainability is no longer viewed as a siloed initiative,
but rather a strategic, cross-cutting priority that demands
accountability and action from the entire leadership team.
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SUSTAINABLE AVIATION OUTLOOK REPORT 2024
The prevalence of hybrid team models suggests airlines recognise that driving
sustainability progress requires breaking down silos and engaging the entire organisation.
Dedicated sustainability teams bring focus and expertise, but can't do it alone. Airlines
should carefully design their sustainability organisation to foster ongoing cross-functional
collaboration. The teams, skill sets, processes and culture needed to deliver sustainability
goals should be embedded across all key functions, not confined to a specialist group.
The growing ranks of CSOs and the shifting perspectives on ideal sustainability leadership
point to the increasing importance of this agenda. Airlines that haven't yet done so
should strongly consider appointing a CSO to provide executive sustainability leadership.
However, a CSO can't drive the sustainability agenda in isolation. Airlines must create
clear mandates, decision-making authority and organisational linkages to ensure the CSO
is empowered to drive change in partnership with other executives. As sustainability
matures into a whole-business strategic priority, airlines should also consider explicitly
adding it to the CEO's remit.
For sustainability teams, at least. The trend toward larger full-time sustainability
teams signals a recognition that delivering ambitious decarbonisation goals requires
serious team power. The airlines surveyed appear to be scaling their sustainability
organisations to match the magnitude of the challenge. However, headcount alone is not
enough - airlines must also focus on building the right skill sets by recruiting seasoned
sustainability professionals and upskilling existing staff. Importantly, sustainability teams
must also be resourced with sufficient budgets to drive impact.
While dedicated teams and executive leadership are critical, ultimately sustainability must
seep through the organisation and become a part of its DNA. In the airline of the future,
sustainability will be part of every employee's job description. Hence, airlines should
invest in engaging and educating the entire workforce around the company's sustainability
vision, goals and strategies.
26
UNDERSTANDING
PART II -THE TECHNOLOGY
AIRLINE OUTLOOK
Team Structure
5% 15% 85%
Dedicated Team Distributed Team Hybrid Team
Team Size
Today: Full-time equivalent staff Next year: Expected people to be working
working exclusively on sustainability full-time on sustainability in a year
1-2
0%
5%
3-5
35%
20%
6 - 10
5%
10%
+ 10
60%
65%
60% 65%
55%
30% 30%
20%
20% 20% 20%
5%
10% 0% 0% 10%
0%
Chief Chief Chief Chief Chief Govt Corporate Other
Sustainability Executive Operating Financial Commercial Relations Affairs
Officer Officer Officer Officer Officer
27
SUSTAINABLE AVIATION OUTLOOK REPORT 2024
Strategy
28
PART II - AIRLINE OUTLOOK
Key Findings
Airlines have a plan The majority of airlines (60%) already have a net zero roadmap in
for change place, while another 20% are actively working on developing one.
This widespread adoption of net zero targets signals that the
industry is aligning around the global imperative to decarbonise.
But…those While setting net zero goals is an important first step, only
plans are mostly 42% of airlines have had their targets officially approved by the
unverified Science Based Targets initiative (SBTi) or a similar organisation.
As a result, the credibility and alignment of airline net zero
goals with climate science is still a work in progress. (Earlier this
year, in a move calculated to shake up those paying mere lip
service to sustainability, SBTi dropped 119 companies from its
sustainability rankings for failing to submit concrete targets.)
Is 2050 the Among airlines with a net zero target, the vast majority are
“comfortable” aiming to reach net zero by 2050. In fact, even industry-wide,
target? only two airlines (Alaska Airlines and JetBlue) have set a
more ambitious 2040 target. The convergence around 2050
suggests the industry may be merely adhering to the IATA net
zero commitment. The lack of more aggressive targets raises
questions about whether airlines are prioritising near-term action
enough to effect change.
29
SUSTAINABLE AVIATION OUTLOOK REPORT 2024
Even beyond our survey, it's clear that many airlines need to develop concrete net
zero plans and accelerate their decarbonisation strategy. All airlines should prioritise
developing a comprehensive net zero plan with clear near-term and long-term emissions
reduction targets. Those without a plan must act quickly to avoid falling further behind
the industry curve.
A plan on paper isn’t enough. Airlines should seek to have their emissions reduction
targets validated by the SBTi or a similar organisation. This independent, third-party seal
of approval can increase the credibility and robustness of airline net zero plans in the eyes
of investors, customers, and regulators. Even those already aiming for net zero by 2050
should pursue official validation.
While the convergence around the 2050 net zero target is almost a given at this time,
airlines should consider setting more ambitious near-term targets as well. Seeking
inspiration from airlines aiming for earlier milestones like 2040 can help spur sustainability
plans as a key differentiator for customers. It could also enable the rapid deployment
of SAF, next-generation electric and hydrogen propulsion, and operational efficiencies
needed to meet the net zero goal.
30
PART II - AIRLINE OUTLOOK
YES
60%
NO
Have you published your
Net Zero Roadmap?
2050 target 2040 target
20%
92% 8%
ON IT
20%
58%
Not approved
42%
SBTi Approved
80% 85%
60% 55%
40%
20%
15%
5% 5% 5% 5% 5%
10% 0%
0%
Annually Quarterly Monthly When requested Never
31
SUSTAINABLE AVIATION OUTLOOK REPORT 2024
Perception of sustainability
A telling marker of a company’s agenda is how far and how deep its key messages
have seeped into the organisation. For a challenge like decarbonisation, this is
doubly important. The road to net zero will require organisation-wide change and,
as a result, organisation-wide involvement.
The implications are critical. Employees must not only buy into the broad objective
but also actively engage with it. The organisation itself must engage with the task
at hand to ensure that its activities are measured and communicated with key
stakeholders at all levels with regular frequency. This will require humility, constant
introspection and, most of all, an honest reckoning with the challenge ahead.
32
PART II - AIRLINE OUTLOOK
Key Findings
Measurement The vast majority of airlines (85%) report measuring the impact
matters of their sustainability initiatives, suggesting a growing focus
on data-driven accountability. Only 15% do not yet quantify
the outcomes of their sustainability efforts. This widespread
adoption of impact measurement bodes well for the industry's
ability to track and communicate progress toward climate goals.
Collaborative 90% of airlines engage with climate groups and NGOs in some
climate dialogue capacity, with joint workshops/projects and partnerships
is growing being the most common avenues (55% each). 45% participate
in meetings with these stakeholders. Only 10% do not engage
at all. This broad-based dialogue and collaboration with
sustainability experts and advocates is an encouraging sign
that airlines are open to external input and partnership as
they work to decarbonise.
33
SUSTAINABLE AVIATION OUTLOOK REPORT 2024
With impact measurement now prevalent across the industry, airlines should align around
shared metrics and methodologies to enable comparative benchmarking and aggregation
of results. Referring to IATA’s Airline Sustainability Reporting Handbook would be a
great start and should become common practice. This can help airlines learn from peers
and build a clearer picture of sector-wide progress. For the minority not yet measuring
sustainability impact, closing this gap should be an urgent priority.
The next frontier for airlines should be moving from education to activation by
creating more opportunities for staff to directly participate in and advocate for the
airline's sustainability agenda. (Consider, for example, Wizz Air which has launched a
Sustainability Ambassador programme.) Offering sustainability innovation incentives,
"green team" volunteer programs, and avenues for frontline workers to suggest
operational efficiency improvements can help turn employees into an airline's most
powerful sustainability champions.
The widespread engagement between airlines and climate NGOs is a promising platform
to build on. Airlines should look for more opportunities to tap the expertise and credibility
of environmental groups when developing and validating their sustainability strategies.
Transformative industry-NGO cooperation can help rebrand aviation as part of the
climate solution.
34
PART II - AIRLINE OUTLOOK
Sustainability Sustainability
leaders leaders
network network
5%
Training & seminars
Newsletters
85% 60% None
Ongoing awareness
5%
70%
35
SUSTAINABLE AVIATION OUTLOOK REPORT 2024
Sustainability initiatives
36
PART II - AIRLINE OUTLOOK
Key Findings
Operational Airlines are investing heavily in a wide range of infrastructural
efficiencies and operational efficiencies to reduce their environmental
are growing in footprint. Eco-piloting measures lead the pack with 100%
importance adoption, followed closely by waste management and single-
use plastic reduction (90% each), circular resource use and
weight reduction (85% each). Other popular initiatives include
sustainable catering (75%), renewable energy for buildings and
ground equipment (75% and 70%), and noise reduction (70%).
Emerging areas like contrails management and AI/ML are also
gaining traction.
Synthetic fuels are 70% of airlines believe synthetic or e-fuels have the most
widely viewed as potential to become the dominant sustainable aviation fuel of
future saviours the future (see our comprehensive report on SAF pathways).
Biofuels come in a distant second at 15%, with hydrogen, hybrid-
electric and other options garnering just 5% each. This points to
a growing consensus around the key role of power-to-liquid fuels
in aviation's long-term decarbonisation.
Few plans for Half of the airlines surveyed are not currently investing in any
next-generation next-generation aircraft technologies. This suggests that while
technologies some early movers are placing bets on revolutionary propulsion,
much of the industry remains in wait-and-see mode.
Carbon offsets are Despite the growing controversy around offsets, the vast
still popular majority of airlines surveyed (80%) offer voluntary carbon offset
options to customers, with another 5% planning to do so in the
future. Only 10% have no plans to provide passenger offsetting.
Among those that do offer offsets, a separate landing page
is the most common avenue (60%), followed by post-booking
emails (45%) and messages on the airline website (35%).
SAF uptake Perhaps the one result we didn’t need the survey for! As of 2023,
poised to grow most airlines are using little to no sustainable aviation fuel, with
steadily 40% in the 0-0.5% range and 40% in the 0.5-1% range. However,
the outlook for 2024 shows a significant expected jump, with
half of all airlines surveyed planning to use 1-5% SAF in their
operations. This indicates that many carriers are on the cusp of
scaling SAF from experiments to meaningful proportions of their
total fuel mix.
37
SUSTAINABLE AVIATION OUTLOOK REPORT 2024
In the absence of dramatic decarbonisation levers, airlines should carefully monitor and
quantify the impacts of existing efficiency initiatives to identify the highest ROI initiatives.
Sharing best practices across the industry and standardising metrics can help optimise
these efforts. As efficiency gains reach their limits, airlines will need to pivot to more
transformative investments.
The anticipated rapid growth of airline SAF uptake in the next year is an encouraging
trend that will need to accelerate even further for the industry to meet its net zero
goals. But competing for limited SAF supplies is a zero-sum game. Airlines should
champion sector-wide efforts to boost SAF production volumes and infrastructure
through policy advocacy, joint offtake agreements, and value chain partnerships. In
addition, given the widespread belief in synthetic fuels as a panacea, collective efforts
to scale power-to-liquid production and logistics can help actualise this future faster.
Carbon offsets have faced growing controversy lately due to concerns about their
legitimacy and effectiveness. Investigations have revealed that many offsets,
such as rainforest offset credits offered by Verra and projects involving efficient
cookstoves or reforestation, often fail to deliver promised emissions reductions or
have exaggerated their impact. As a result, the EU will ban terms like "climate neutral"
that rely on offsetting by 2026, reflecting a regulatory crackdown on misleading
environmental claims. In light of these developments, airlines should reconsider their
reliance on offsets. While high-quality offsets can still play a transitional role, they
should be seen as a last resort rather than a central pillar of airline climate strategies
to avoid reputational and regulatory risks.
While most airlines are understandably cautious about investing in nascent propulsion
technologies, the decarbonisation imperative will require some bold early moves.
Given the severe investment deficit in climate tech, airlines should consider strategic
partnerships with aerospace companies and fuel suppliers to co-develop and pilot
the most promising next-gen aircraft and secure early-mover advantages as these
technologies mature.
38
PART II - AIRLINE OUTLOOK
Which initiatives have you implemented Which has the most potential as
to enhance your infrastructure and the "fuel" of the future?
operational efficiencies?
50%
40% 40%
10% 10%
5%
USED TO,
NO LONGER
10% 5%
80
DO NOT PLAN PLAN TO
TO OFFER OFFER THEM
%
YES
39
SUSTAINABLE AVIATION OUTLOOK REPORT 2024
“It is not the strongest of the species that survive, not the
most intelligent, but the one most responsive to change.”
– Charles Darwin
Let's face it. When it comes to sustainability in the airline industry, the
conversation always circles back to money and the future. Can airlines look
beyond having a lofty vision or a well-crafted strategy and invest in fundamentally
transforming the way we fly?
Our survey suggests that the industry is starting to wake up to the magnitude of
the challenge ahead, but still grappling with how to balance the costs of going
green with the need to stay competitive in a cutthroat market.
But here's the thing: the airlines that will emerge as the true leaders in
sustainability aren't the ones who will throw a few extra bucks at the problem and
hope for the best. They're the ones who will take a hard look at their budgets,
their future plans, and their entire business model, and ask themselves, "How
can we reinvent ourselves in a way that puts sustainability at the core of
everything we do?"
40
PART II - AIRLINE OUTLOOK
Key Findings
High costs and Airlines identify high costs (95%) and technological limitations
technological (90%) as the top challenges impeding their sustainability
barriers dampen efforts. The industry's thin margins make it difficult to absorb
sustainability the premium for SAF and other green technologies. Inadequate
efforts supply and infrastructure for SAF, electric and hydrogen aircraft
compound the problem. Lack of consumer demand (65%),
regulatory hurdles (55%) and profitability concerns (50%) also
loom large, while lack of C-suite support is rarely an issue (5%).
Budgets are steadily Nearly two-thirds of airlines (65%) report a significant increase
increasing in sustainability budgets over the past five years, while 35%
have seen a moderate rise. None reported flat or shrinking
budgets. This upward trajectory suggests airlines are putting
more financial muscle behind their sustainability commitment.
However, the fact that 65% of airlines still allocate less than 1%
of their total annual budget to sustainability initiatives indicates
that investments may not yet match the scale of the challenge.
Investment in 70% of airlines are investing in SAF companies, by far the most
SAF companies popular category. This aligns with the industry consensus that
dominates but SAF is the most promising near-term path to decarbonisation.
diversification is However, some airlines are beginning to diversify into electric
imminent aircraft (15%), hydrogen technology (35%), carbon offsetting
(20%) and carbon removal (5%).
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SUSTAINABLE AVIATION OUTLOOK REPORT 2024
With cost a nearly universal barrier to scaling sustainable technologies, airlines should
work together and with value chain partners to build economies of scale and reduce
prices. Joint offtake agreements, shared infrastructure investments, and industry-wide
consumer education campaigns could help make SAF and other green solutions more
affordable and accessible. Airlines should also explore creative financing models like
green bonds for sustainability investments.
While the upward trend in sustainability spending is encouraging, airlines may need
to dedicate even more resources to achieve their ambitious climate goals. Rather than
treating sustainability as merely a budget line item, airlines should incorporate their net
zero plans into all capital allocation and strategic decisions.
Understandably, airlines are betting big on SAF in the near term. However, they should
also cultivate a broader portfolio of sustainability solutions for the long term. Monitoring
and selectively investing in emerging technologies like electric and hydrogen propulsion
can provide strategic hedges and future competitive advantages as well. Ultimately,
airlines should deploy capital across multiple sustainable levers to manage risk and
maximise impact.
Airlines should view sustainability barriers not as threats but as a chance to drive
industry transformation. The current scenario offers extraordinary opportunities for
airline leadership. Airlines that are early adopters and fast scalers of sustainable
technologies can gain a competitive edge with climate-conscious consumers, investors
and corporate customers.
42
PART II - AIRLINE OUTLOOK
65% 65%
Significant increase
20%
15% 35%
Moderate increase
70%
H2
60%
40%
35%
20%
20%
15%
CO2
15%
5% 5%
0%
SAF Electric Hydrogen Carbon Carbon Fleet None
Companies aircraft tech Removal Offsetting Renewal
companies
Challenges to overcome
55% Regulatory
challenges
50% Not
profitable
35% Communication
Lack of
C-Level
support
5%
43
SUSTAINABLE AVIATION OUTLOOK REPORT 2024
Conclusion
44
PART II - AIRLINE OUTLOOK
The path to a sustainable future for aviation will also require an unprecedented
level of industry-wide collaboration and a willingness to embrace disruptive
change. Airlines must work together to drive down the costs of sustainable
technologies, engage governments and stakeholders to create supportive
policies and infrastructure, and build trust with customers and the public through
transparent and credible action.
The journey ahead will not be easy. But the destination demands and deserves all
the effort we can put in. After all, a thriving, carbon-neutral aviation industry that
connects people and economies while sustaining our beautiful planet – will repay
our sweat and tears handsomely.
45
SUSTAINABLE AVIATION OUTLOOK REPORT 2024
APPENDICES
46
APPENDICES
Partners
47
SUSTAINABLE AVIATION OUTLOOK REPORT 2024
B I K
British Airways Iberia KLM Cityhopper
L S V
Level Saudia Virgin Australia
Lufthansa Group Southwest Vueling
W
Wizz Air
48
SUSTAINABILITY IN THE AIR - THE PODCAST
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aviation tech startups; reports on subjects as diverse as SAF and eVTOLs; and regular
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space of sustainable aviation and the industry’s potential pathways to net zero by 2050.
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SUSTAINABLE
SUSTAINABILITY IN THE AVIATION OUTLOOK REPORT 2024
AIR - THE BOOK
50