Southwest Partners With 4AIR For Sustainable Aviation Fuel Accounting

Loading...
Loading...
  • 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.
  • Photo Via Company
Market News and Data brought to you by Benzinga APIs
Posted In: NewsContractsGeneralAirlinesBriefsIndustrials
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...