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Travel Delta to invest $1 billion to curb global air travel's climate impact

16:30  14 february  2020
16:30  14 february  2020 Source:   reuters.com

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  Why first-class tickets cost so much Delta, United and American Airlines make a lot of their money at the front of the plane. A strong economy and industry consolidation has allowed the airlines, in recent years, to invest in more fuel-efficient planes with better cabins focusing on premium classes. Delta, United and American Airlines make a lot of their money at the front of the plane — specifically, according to analysts, selling business- and first-class tickets on long-haul, premium-heavy flights.

CHICAGO (Reuters) - Delta Air Lines Inc (NYSE:DAL) said on Friday it will invest $ 1 billion over the next decade in initiatives that would limit the impact of global air travel on the environment, the first airline to make a commitment of that scale. The aviation industry accounts for roughly 2% of global

The environmental impact of aviation occurs because aircraft engines emit heat, noise, particulates and gases which contribute to climate change and global dimming.

Via CNBC

By Tracy Rucinski

CHICAGO (Reuters) - Delta Air Lines Inc said on Friday it will invest $1 billion over the next decade in initiatives that would limit the impact of global air travel on the environment, the first airline to make a commitment of that scale.

The aviation industry accounts for roughly 2% of global carbon dioxide emissions and has set out a plan to achieve carbon-neutral growth from 2020, even as air travel is forecast to accelerate.

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Air pollution from burning fossil fuels is generating economic losses of billion a day, according to a In the absence of efforts to curb greenhouse gas emissions, the earth could warm by 2 degrees Five Hedge Fund Heads Made More Than $ 1 Billion Each Last Year February 11, 2020, 7:41 AM EST.

Though air travel is more popular than ever, the vast majority of people in the world have never been on a plane. According to International Civil Aviation Organization (ICAO) estimates, there were 3.7 billion global air passengers in 2016 — and every year since 2009 has been a new record-breaker.

Facing increasing demands from customers, individual airlines like Delta have taken additional steps to mitigate their carbon impact with measures ranging from eliminating single-use plastics to investing in biofuels and purchasing more fuel-efficient aircraft.

With this new investment, Delta intends to become the first carbon-neutral airline globally while helping to fund research and projects involving clean air technologies and the reduction of carbon emissions and waste.

"There's no challenge we face that is in greater need of innovation than environmental sustainability, and we know there is no single solution," Delta's chief executive, Ed Bastian, said in a statement.

The airline provided no details on how it will invest the money.

Delta Air Lines travelers report technological issues with website, mobile app

  Delta Air Lines travelers report technological issues with website, mobile app Delta Air Lines had technological issues Monday, when travelers encountered problems on its website and mobile app. © ASSOCIATED PRESS FILE - In this June 24, 2019, file photo a Delta Air Lines aircraft makes its approach at Dallas-Fort Worth International Airport in Grapevine, Texas. Delta Air Lines, Inc. reports earnings Wednesday, July 10. (AP Photo/Tony Gutierrez, File) The airline issued a travel advisory on its app and website: "We are addressing a technology issue that is impacting the ability for customers to log in to their SkyMiles (frequent flyer) account on Delta.com and the Fly Delta app.

Delta Air Lines, a leader in domestic and international travel , offers airline tickets & flights to over 300 destinations in 60 countries. Book direct at Delta .com.

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Bastian is an advocate of air travel as a way to connect people and economies across the globe but has been vocal about the industry's responsibility in ensuring environmental sustainability.

As of now, there are not many quick options available for airlines to reduce their carbon footprint. Biofuels are in short supply and take years to develop, and there are no immediate prospects of newer jet engines that are more fuel-efficient than those currently in the market.

Airlines say small steps like single-engine taxiing and the use of lighter materials are cutting around 1-2% of emissions each year, but more needs to be done.

In the absence of more impactful short-term options, the industry has committed to a carbon-offset program that allows airlines to invest in verified environmental projects to offset their emissions.

Delta, for example, previously pledged to cap its greenhouse gas emissions at 2012 levels even with 20% growth by purchasing carbon offsets.

But that is not the target of the new $1 billion investment, which will begin in March.

"We are on a journey, and though we don't have all the answers today, we know that our scale, along with investments of time, talent and resources will bring meaningful impact to the planet and ensure the sustainability of our business for decades to come," Bastian said.

(Reporting by Tracy Rucinski; Editing by Leslie Adler)

Chinese tourism, the main engine of global travel .
The impact of the current health crisis on Chinese foreign tourism is likely to be worse than during the SARS epidemic in 2002/2003 or the swine flu crisis in 2009, simply because so many more Chinese people travel abroad for pleasure than back then. - The damage last time - The global impact on world tourism of the H1N1 swine flu epidemic that broke out in 2009 is estimated at $55 billion, according to the World Travel and Tourism Council (WTTC), an industry body.The impact of the SARS outbreak in 2002 and 2003 is estimated at between $30 billion and $50 billion.

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