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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
JET FUEL
European airlines are well ahead of their competitors in SAF uptake, driven by EU mandates requiring 2% SAF use from 2025, Bloomberg said.
- In contrast, the US’ voluntary approach means its airlines lag in adoption.
- Germany’s DHL leads globally in SAF adoption - 3% of its jet fuel mix in 2023. DHL purchased more SAF than all US airlines combined.
- DHL’s competitor FedEx purchased no jet fuel in 2023, despite pledging 30% SAF mix by 2030.
- SAF remains significantly more expensive than conventional fuel and mandates could cause ticket price spikes.
- Lufthansa will introduce a surcharge up to EUR77 per flight in 2025 to cover SAF costs.
- “In the US, there’s still a bit of cognitive dissonance between the 2050 net-zero claims and the excitement about SAF, and what airlines are actually willing to pay for if they don’t have to,” International Council on Clean Transportation’s Nik Pavlenko said.
Source: Bloomberg
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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