Alaska Airlines is focusing on flying the eco-friendly skies with a new sustainable fuel deal. The airline has signed a four-year agreement with renewable fuel producer Neste.
“We are, as an industry and I think as a society, we’re on a journey to make sure that we are reducing carbon emissions and protecting our environment,” Diana Birkett Rakow, vice president of external relations at Alaska Airlines, told Cheddar. “And there’s no time like the present to keep making progress.”
Rakow said Alaska Airlines has flown 80 trial flights using sustainable fuel. Renewable diesel and sustainable aviation fuel will now be used on all of its flights out of San Francisco.
“Our long-term goal is to make sustainable fuel a viable, commercially available, scalable product that we can use across all of our operations and really for all of aviation,” Rakow said.
Customers should not notice any changes during their in-flight experience. The change comes as more and more consumers are voicing demands for increased sustainability from big businesses, even beyond the air travel industry.
“One of the things that’s actually going to make reducing carbon emissions successful is involving our guests in wanting us to move in this direction, in purchasing carbon offsets, and continuing to demand that more and more airlines use sustainable fuel so that we can build a sustainable market for this product,” Rakow said.
Alaska Airlines is currently trying to recover from the coronavirus pandemic that has devastated air travel. Rakow said the airline was flying 130,000 passengers per day pre-pandemic, but at the lowest point dropped to 5,000. She said about 35,000 to 45,000 passengers are now flying per day.
Lyft co-founders Logan Green and John Zimmer are relinquishing their leadership roles to make way for a former Amazon executive as the ride-hailing service struggles to recover from the pandemic while long-time rival Uber has been regaining its momentum.
The Fed's vice chair for supervision will testify Tuesday that the central bank will look into the possibility that a 2018 law contributed to SVB's collapse by allowing them to keep less cash on hand.
Tom Wheelwright, certified public accountant and CEO of Wealthability, joined Cheddar News to explain what the benefits are for married couples to either separately or jointly file taxes.
Cheddar News breaks down what to look for on The Day Ahead. Economic data, including Jan. home prices and consumer confidence, are slated to be released while the Senate Banking Committee has a hearing scheduled in the wake of the collapse of Silicon Valley Bank. Earnings from Walgreens, Lululemon and Micron are also expected.
Disney's first round of layoffs starts this week and will eventually to the loss of about 7,000 jobs after three rounds, according to a memo sent by CEO Bob Iger.
President Joe Biden’s choice to run the Federal Aviation Administration has withdrawn his nomination, a setback for the administration that comes after Denver International Airport CEO Phillip Washington appeared to lack enough support in the closely divided Senate.
The Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against Changpeng Zhao, CEO of Binance, one of the last remaining major crypto exchanges. The suit charges that the platform