GOL, TAP Adopt IATA FuelIS to Deliver Long-Term Fuel Savings
Source: IATA The International Air Transport Association (IATA) announced that GOL and TAP Air Portugal have become the first airlines to use IATA FuelIS—an advanced analytics solution designed to help airlines optimize fuel consumption. IATA’s net-zero carbon emissions roadmap (pdf) highlights that technology and operational efficiency improvements—which directly lower fuel consumption—are expected to contribute to about 10% of the emissions reduction in 2050*. ”Fuel management is key for airlines. Depending on the prevailing price of jet fuel, it generally accounts for 25-30% of the cost base. On top of that, as airlines decarbonize, tracking and managing carbon costs—which are directly related to fuel consumption—will be a growing priority. Understanding how an airline is performing compared with industry peers using FuelIS [...]