2023-10-02 15:55:00
Airlines and aircraft manufacturers obsessed with reducing fuel consumption They are constantly looking for new ways to reduce the weight of airplanes. They may have new allies in Ozempic and other similar weight loss medications.
United Airlines Holdings Inc. would save US$80 million a year If the average weight of the passengers will lose 5 kilos, Jefferies Financial analyst Sheila Kahyaoglu estimated in a report published Friday. The study was part of Jefferies’ larger analysis of the public’s enthusiasm for the drug and the potential beneficiaries of its use.
There might be a world market of more than US$100,000 million for these drugs, with sales increasing rapidly through the end of the decade, the study concluded. Ozempic is manufactured by Novo Nordisk A/S.
US consumer confidence fell to a four-month low
Weight is one of the main concerns of airlines, since The heavier a plane weighs, the more fuel it consumes. Fuel and labor are the two largest expenses for airlines, and fuel represents around 25%. Over the years, airlines have used various methods to reduce pounds on flights, such as eliminating magazines and switching to lighter tableware, utensils, and beverage carts.
If the average passenger lost 5 kilos, 812 kilos would be reduced of each United flight, which would mean a savings of 27.6 million gallons per year, according to the analyst’s estimates. With an average fuel price in 2023 of $2.89 per gallon, United would save $80 million per year. That equates to 20 cents earnings per share, or 2% of full-year earnings estimate of Jefferies of US$9.50 per share, he said.
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“This benefit should be recognized similarly on all airlines”Kahyaoglu wrote.
According to the Centers for Disease Control and Prevention, one in three adults and one in five children are obeseor have a body mass index of 30 or higher for adults.
Jet fuel prices in New York Harbor increased by 39%or 89 cents per gallon, in the last three months, reaching US$3.19 on Friday.
Translated by Paulina Munita.
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