Airline Industry Sector
The airline industry has started to recover from its extended slowdown. In recent years, declining business travel and rising fuel prices have put pressure on companies to reduce costs, redesign route networks and increase fuel efficiency. Regulatory pressure continues to force airlines to reduce their CO2 emissions and invest in fuel-saving measures such as refitting airplanes with winglets, light-weight materials and advanced route-planning technology.
Through increased cooperation with governments, aircraft manufacturers and developers of alternative fuels, airlines can reduce their exposure to rising fuel prices and improve their environmental performance.
Airlines that can capitalize on such alliances will be able to offer their customers the most competitive prices and efficient routes.
The EU Emissions Trading Scheme (ETS), which took effect on February 2012 and affected virtually all airlines with operations to, from and within Europe and offered airlines another incentive to reduce their emissions and increase their operating efficiency.