United Airlines targets 50% cut in greenhouse gas emissions
United Airlines said Thursday it has set a goal to cut its greenhouse gas emissions by 50% over the next few decades to help reduce its carbon footprint and its dependence on fossil fuels. The carrier will invest more than US$2b a year in more fuel-efficient aircraft, expanding its use of low-carbon biofuels in daily flights and implementing ways to better conserve fuel. "This is not only good for the environment but guards against oil price instability," Aaron Stash, a United manager of environmental strategy and sustainability, said. While rivals Delta Air Lines and American Airlines cut their 2018 earnings forecasts due to an oil price spike, United raised its full-year target in July as capacity and fare increases helped it recapture about 75% of higher fuel costs. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-09-14/star/united-airlines-targets-50-cut-in-greenhouse-gas-emissions
https://portal.staralliance.com/cms/logo.png
United Airlines targets 50% cut in greenhouse gas emissions
United Airlines said Thursday it has set a goal to cut its greenhouse gas emissions by 50% over the next few decades to help reduce its carbon footprint and its dependence on fossil fuels. The carrier will invest more than US$2b a year in more fuel-efficient aircraft, expanding its use of low-carbon biofuels in daily flights and implementing ways to better conserve fuel. "This is not only good for the environment but guards against oil price instability," Aaron Stash, a United manager of environmental strategy and sustainability, said. While rivals Delta Air Lines and American Airlines cut their 2018 earnings forecasts due to an oil price spike, United raised its full-year target in July as capacity and fare increases helped it recapture about 75% of higher fuel costs. <br/>
