- 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 Read: Southwest 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.
- Photo Via Company
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