Lufthansa can't cover its clean fuel fees alone so is upping customers' airfares by as much as €72 [Fortune]
United Airlines Holdings, Inc. (UAL)
Last united airlines holdings, inc. earnings: 4/30 04:30 pm
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Source: Fortune
The added levies apply to all departures from the European Union, the UK, Norway and Switzerland, from Jan. 1, the company said in a statement Tuesday. They will start at €1, with the exact amount dependent on the route and fare. The new fees coincide with EU regulations that require airlines to use at least 2% of sustainable aviation fuels starting in 2025. Lufthansa said it can't bear the costs on its own. In 2022, rival Air France-KLM instituted a surcharge of up to €24 euros on flights from France and the Netherlands. The airline industry has targeted reaching net-zero carbon emissions by 2050, a goal that relies on a massive scaling up of so-called sustainable aviation fuels, which are typically made from plant or waste matter. Aviation is one of the toughest industries to decarbonize, and the costs, estimated to run into the trillions, are likely to be passed on to customers. While Europe has introduced mandates that increase gradually over coming decades, the US has so f
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UAL
Sec Filings
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- 8/6/24 - Form 8-K
- 8/5/24 - Form 8-K
- UAL's page on the SEC website