British Airways Owner: Sustainable Aviation Fuels to Raise Fares, Lower Demand

The airline industry in Europe will have to raise fares to offset the more expensive clean fuels as the sector looks to slash emissions, Luis Gallego, chief executive officer of British Airways’ owner, IAG, told the Financial Times in an interview published on Thursday. “Flying is going to be more expensive. That is an issue, we are trying to improve efficiency to mitigate that, but it will have an impact on demand,” Gallego told FT. The airline industry is looking to reduce emissions but the current alternative to petroleum-based…