Predictability in the aviation system affects costs to airlines and passengers. We propose a predictability metric based on a flight's gate-in fuel (GIF) which can be directly measured and monetized by aviation stakeholders. We estimate GIF for six major U.S. airlines. Since GIF data are not...
(FIDs). Taking into account all announced facilities, we estimate that annual global SAF production capacity would approach 11 million to 25 million Mt by 2030, but those supplies come with significant uncertainty. Not all announced projects will materialize, f...
To generate such evidence, we can estimate their regression (column 3 of their Table 3) on our data while including speed as an additional covariate. The existing covariates in their Table 3, whose coefficients are all significant with the expected signs, are log of available ton-miles (...
The global fuel consumption by commercial airlines increased each year since 2009 and reached an all-time high of 95 billion gallons in 2019.
unburned extra fuel – a condition that can cost an airline millions because of extra weight and unburned fuel penalties. The software analyzes historic fuel consumption data and takes things like wind, weather and load factors into account to more accurately estimate the right amount of fuel to...
With fuel making up almost one-third of operating costs, airlines are at the sharp edge of oil markets and the recent run-up in oil prices. Airline fuel bills have already doubled since early 2009, during which time European pump prices have risen 44% - or by less than half as much ...
Aengus Kelly, chief executive of lease giant AerCap, said SAF was the only option, but cited an estimate that the transition could require investment of $1.5 trillion over 30 years. "That's an extraordinary cost," he told the Airline Economics conference, one of a pa...
it could be more than 45 % of all operating costs of an aircraft. The economy of a country largely depends on fuel prices. Increases in fuel consumption have an influence on the airlines in two ways; direct impact on the operating cost, and declines the demand for air travel and air car...
Narrator: But there are plenty of obstacles to overcome before these hydrogen technologies are commercially viable. For starters, installing the infrastructure to distribute and produce hydrogen will be very pricey, at least $500bn by one estimate. What’s more, hydrogen will need to be produced ...
Section 3 presents an overview of the dataset employed in our empirical research. We also report relevant data about the current airline industry to support our research agenda. In Section 4, we develop an empirical model to estimate the effect of the three exogenous factors on the airlines’ ...