IAG chief warns planned aviation charges could raise fares and harm the industry

Business · First reported 9 Nov, 05:00 · Updated 08:04

Image: Wikimedia Commons · NASA Johnson Space Center · Public domain

IAG chief executive Luis Gallego says proposed environmental charges, which he describes as more burdensome for UK carriers, could increase passenger fares and damage European aviation. The coverage also notes planned increases in sustainable aviation fuel requirements and IAG’s reported profit decline.

Gallego says the proposed charges could raise fares and damage the aviation industry, with UK carriers facing a greater burden.
The article reports that UK airlines currently must use 3.7% sustainable aviation fuel, with the required share expected to reach 10% by the end of the decade.
IAG said higher jet fuel prices contributed to a 16% fall in its pre-tax profit, to €3bn, in the nine months to the end of September.

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Key facts

IAG chief executive: Luis Gallego
Current SAF requirement for British airlines: 3.7%
Expected SAF requirement by decade’s end: 10%
IAG pre-tax profit: €3bn, down 16% in the nine months to the end of September