ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

RYA Ryanair Holdings Plc

14.415
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ryanair Holdings Plc LSE:RYA London Ordinary Share IE00BYTBXV33 ORD EUR0.006 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 14.415 14.40 14.41 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Budget Airlines Ryanair and Wizz Air Race to Lower CO2 Emissions

14/06/2019 2:43pm

Dow Jones News


Ryanair (LSE:RYA)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Ryanair Charts.

By Dieter Holger

 

European budget airlines Ryanair Holdings PLC (RYA.LN) and Wizz Air Holdings PLC (WIZZ.LN) are racing to lower their carbon-dioxide emissions emissions and attract environmentally-minded flyers.

The airline industry has become one of the fastest-growing sources of emissions, partly due to more affordable air travel. Aviation emissions have doubled in the last 20 years and are responsible for an estimated 4.9% of man-made global warming, according to Transport & Environment, a campaign group.

Ryanair started disclosing its emissions after European Union figures released in April showed it became the first airline to enter the top ten polluters in Europe across all industries. The Irish company heralded itself as "Europe's greenest" airline earlier this month, saying it emits an average of 66 grams of CO2 per passenger per kilometer as of May.

But Wizz Air is now zooming past its competitor when it comes to emissions savings, according to data disclosed by the Hungarian airline on Friday for the first time.

Wizz Air, which now claims to be "the greenest airline in Europe," said that in May it emitted 56.5 grams of CO2 per passenger per kilometer, 16% lower than its competitor.

The airline put the savings down to its fleet of Airbus SE (AIR.FR) aircraft, which have an average age of 4.7 years. Wizz has more than 250 Airbus A321neo aircraft on order and predicts it will lower its environmental footprint further, decreasing emissions for every passenger by one-third by 2030.

"We have set ambitious goals for ourselves to further reduce the impact on the environment by deploying the latest state-of-the-art technology," Wizz Air chief executive Jozsef Varadi said.

 

Write to Dieter Holger at dieter.holger@dowjones.com; @dieterholger

 

(END) Dow Jones Newswires

June 14, 2019 09:28 ET (13:28 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

1 Year Ryanair Chart

1 Year Ryanair Chart

1 Month Ryanair Chart

1 Month Ryanair Chart

Your Recent History

Delayed Upgrade Clock