Managing Fuel Efficiency in the Aviation Sector: Challenges, Accomplishments and Opportunities

Jagroop Singh, Somesh Kumar Sharma and Rajnish Srivastava

FIIB Business Review, 2018, vol. 7, issue 4, 244-251

Abstract: Abstract Aviation is one of the fastest mode of transportation in the world, and demand for air transportation is growing continuously. The past oil crises, volatile fuel prices, depleting fuel stocks, and increasing environmental concerns have drawn the significant attention of aviation industry towards the need for judicious use of aviation fuel. Thus, economic and environmental sustainability concerns have led to dramatic progress in aviation fuel efficiency improvements in the past decades. However, significant efforts to improve the fuel efficiency through more advanced designs, techniques, and strategies will remain a priority. This article provides an overview of the challenging issues, accomplishments, and opportunities in relation to the aviation industry, focusing on aviation fuel consumption. This article offers insights for the aviation industry, that is, aircraft manufacturers and airlines to move toward more fuel-efficient options in future.

Keywords: Aviation fuel consumption; fuel efficiency; sustainability; environmental concerns (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:fbbsrw:v:7:y:2018:i:4:p:244-251

DOI: 10.1177/2319714518814073

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