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A British Airways aircraft parks next to an EasyJet plane at Cointrin airport in Geneva, Switzerland June 24, 2021. REUTERS/Denis Balibouse/File Photo Acquire Licensing Rights
BRUSSELS, Oct 12 (Reuters) – European airline chiefs said on Thursday the industry needs to make more money and may consolidate further to pay for sustainability targets, a trend likely to lead to higher fares for passengers on top of rising demand for air travel.
The head of British Airways parent IAG (ICAG.L) told reporters at a CEO roundtable that there was a more than a 90% risk that the industry would not meet a European Union mandate for the availability of sustainable aviation fuel (SAF) in 2025.
The European Union has adopted rules requiring flights departing from EU airports to carry a progressively increasing amount of SAF, starting with 2% of total fuel in 2025.
