After labor, fuel represents the largest cost component in airlines operations. An effective and efficient way of reducing costs is to use less fuel. IATA is working with industry partners worldwide to reduce the industry's fuel requirements. In addition, we are working with individual airlines to ensure they have a robust internal "fuel efficiency program" in place. This is part of our Operational Fuel Efficiency stream.
Mitigating CO2 emissions
IATA recognizes the need to address the global challenge of climate change and adopted a set of ambitious targets to mitigate CO2 emissions from air transport:
- An average improvement in fuel efficiency of 1.5% per year from 2009 to 2020
- A cap on net aviation CO2 emissions from 2020 (carbon-neutral growth)
- A reduction in net aviation CO2 emissions of 50% by 2050, relative to 2005 levels
A multi-faceted approach: the four-pillar strategy
IATA is determined to be part of the solution but insists that, in order to achieve these targets, a strong commitment is required from all stakeholders working together through the four pillars of the aviation industry strategy: