Southwest Partners With 4AIR For Sustainable Aviation Fuel Accounting

Southwest Partners With 4AIR For Sustainable Aviation Fuel Accounting
  • 4AIR agreed to provide Sustainable Aviation Fuel (SAF) inventory accounting and documentation services for Southwest Airlines Co LUV.
  • Under the agreement, 4AIR will support Southwest with allocating and documenting certain Scope 3 emission reduction rights arising from its use of SAF for corporate clients participating in its SAF Beta Program.
  • The clients purchase Scope 3 emission reduction rights arising from Southwest's use of SAF.
  • Also ReadSouthwest Airlines' Aircraft Appearance Technicians Approve New Agreement
  • The move supports Southwest's 10-year plan to maintain carbon neutrality to 2019 levels while continuing to grow its operations.
  • The plan includes a goal of replacing 10% of its total jet fuel consumption with sustainable aviation fuel (SAF) by 2030.
  • SAF is a key strategy to address the carbon emissions generated by the aviation industry associated with climate change.
  • Price Action: LUV shares are trading lower by 0.38% at $32.63 on the last check Monday.
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