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United CEO sees biofuels as good for the bottom line

Published 09/13/2018, 03:47 PM
© Reuters.  United CEO sees biofuels as good for the bottom line
UAL
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  • United Continental (UAL +1.9%) CEO Oscar Munoz reaffirmed the company's greenhouse emissions goals in an op-ed penned for Business Insider. Key excerpts are posted below.
  • "Today, United Airlines became the first U.S. airline to make a public commitment to reduce our own greenhouse gas emissions - 50 percent by the year 2050."
  • "Achieving this goal would eliminate 21 million metric tons of CO2 in the atmosphere per year, or the equivalent of taking 4.5 million cars off the road; that's all the cars in Los Angeles and New York City combined."
  • "We spend more on fuel than ground operations, facilities and landing fees - combined. So, when investors and analysts demand to know how we intend to control fuel costs and increase profits while keeping ticket prices low, our sustainability advantage becomes crucial."
  • Now read: United Airlines: Couldn't Have Asked For More


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