As jet fuel market craters, sustainable aviation fuel prepares for takeoff

Welcome aboard Pandemic Flights, with service today at half that of a year ago. In this emergency event, please place your mask over your mouth and nose, and keep it there for the whole flight. There is no cruising for airlines at this unknown economic altitude, but the crew may just offer today’s meal … as tomorrow’s jet fuel. Few industries have suffered as much from the coronavirus pandemic worldwide as airlines. Worldwide commercial airline traffic reached 54,308 flights a day on August 9, 2020, just 52% of the volume on the same date in 2019, although that’s better than 23% in April, based on data from FlightAware.com. By mid-September, US passenger volume had yet to crack 1 million – a mark that would be roughly 40% of year-ago levels – since the low of 87,534 on April 14, which was just 4% of the previous year, according to the Bureau of Transportation Statistics. BTS data also showed the 23 major US passenger airlines had a combined first-half loss – of $16.2 billion – for the first time in 11 years, likely to grow into a record yearly loss. The data shows the airlines’ pain. But for once, the big… continue reading

Continue reading As jet fuel market craters, sustainable aviation fuel prepares for takeoff. This article appeared first on CTRM Center.

Source: CTRM Center

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