attacks since october seven. iceland s government has declared a state of emergency and evacuated thousands of people from towns in the west of the country amid a rising chance of a volcanic eruption. now come on bbc news, talking business. hello, everybody. a very warm welcome to this special edition of talking business weekly. with me, aaron hazelhurst, coming to you from long beach, california. let s go and take a look at what s on the show. a flight full of dollars. that s right. the airline industry is on course to return to profit this year after the turbulence of covid. so we re going to find out how they re investing that cash in the next leg of ourjourneys. holy cow. from virtual reality to robot wheelchairs, we re here at the airline passenger experience expo to find out what airlines are doing with the latest technology and innovations to help us enjoy our flights. i m going to be sitting down with one of the most influential figures in the industry, the big boss o
and that return of demand, well, it comes despite rising fares for passengers. you know, according to data from the travel website kayak, globalflight prices have risen 16% between july and september this year compared to the same time a year ago. and that s helped some airlines to record record profits. however, the airline body, iata, that s the international air transport association, says despite those higher fares, the average airline will make a profit ofjust $2.25 per passenger as the rest of the moneyjust gets sucked up by rising costs. and that s the big challenge, because in the last few months, we ve seen a steady increase in oil prices. of course, that s the number one expense for airlines. there s also ongoing staffing shortages everywhere, from baggage handlers to pilots. and then there s the cost of moving towards greener aircraft. but despite the cost of living crisis, it s been leisure rather than business travel which has been feeding into this strong appeti
CHICAGO, June 3, 2024 Sustainable Fuel Market in terms of revenue was estimated to be worth $193.8 billion in 2024 and is poised to reach $299.9 billion by 2029, growing at a CAGR of 9.1% from 2024 to 2029 according to a new report by MarketsandMarkets™. MarketsandMarkets Logo Globally, stronger environmental regulations and policies need a reduction in carbon emissions. Governments enforce this through carbon price, emissions trading networks, and transportation-specific regulations.
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