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Lufthansa raises ticket prices to meet environmental requirements
Global Banking and Finance Review
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(Reuters) -Lufthansa will increase ticket prices on all flights departing from EU countries, Britain, Norway and Switzerland by between 1 euro and 72 euros($1.07-$77.24) as environmental costs rise, the company said on Tuesday.
(Reuters) -Lufthansa will increase ticket prices on all flights departing from EU countries, Britain, Norway and Switzerland by between 1 euro and 72 euros($1.07-$77.24) as environmental costs rise, the company said on Tuesday.
The airline said the surcharge will “cover part of the steadily rising additional costs due to regulatory environmental requirements” such as sustainable aviation fuel (SAF) made from bio-based materials and regarded as crucial to making flying more sustainable.
The European Union has adopted rules requiring flights departing from member states’ airports to carry progressively increasing amounts of SAF.
Lufthansa added that it will not be able to bear additional costs resulting from regulatory requirements in the next years.
The price hike, which the airline called an “Environmental Cost Surcharge” will cover part of these costs for 2025, it said.
($1 = 0.9321 euros)
(Reporting by Paolo LaudaniEditing by Madeline Chambers)
Sustainable aviation fuel (SAF) is a bio-based fuel designed to reduce the environmental impact of air travel by lowering greenhouse gas emissions compared to traditional jet fuels.
An Environmental Cost Surcharge is an additional fee added to ticket prices to cover the rising costs associated with environmental regulations and sustainable practices in the aviation industry.
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