A greater focus on sustainability will be a game changer for the highly cyclical airline industry, by reducing operating costs, increasing margins, and catalyzing new product development.
With fuel costs the single biggest line item, the industry has already begun to focus on implementing more sustainable practices, such as efficient taxiing, reducing aircraft weight, and retrofitting older planes. But there is yet more airlines can achieve, from implementing new clean tech to generate operational savings to developing revenue-boosting ancillary products for corporate customers that want to reduce their carbon footprint.
Oliver Wyman’s Sustainability Center and Aviation Practice have deep expertise working with international and regional carriers to apply practical, results-driven approaches to developing sustainability strategies and tools that can reduce fuel costs and unlock new revenue streams.