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Research Publications

CAPA Research Publications are long-form in-depth analysis of a feature of the aviation industry, presented in PDF format.

CAPA-Envest Global Airline Sustainability Benchmarking & Rating Report 2022

We're so excited to announce that the second edition of the CAPA-Envest Airline Sustainability Benchmarking Report is here.

The report is the industry's first single source of truth on emissions, benchmarking airlines and their performance as they transition the net zero operations. Now in its second year, this report is sure to capture the attention of the entire aviation and corporate travel industries.

This report, jointly prepared by CAPA - Centre for Aviation (CAPA) and Envest Global (Envest) is a further step in providing a clearer understanding of the status of emissions in the airline industry. Importantly, it provides an independently evaluated “airline sustainability rating” system, based upon a range of key emissions metrics and utilising a range of publicly available data points.

It also highlights the numerous challenges presented in the post-COVID-19 recovery and seeks to provide a clear and consistent set of fact-based metrics to assist stakeholders in their industry engagement and decision-making. Given the lack of standards – even within the airline alliances and airline groups – the new CAPA-Envest report is designed with the clearly stated objective of establishing an independent and objective (non-political) index that can serve as the potential future foundation for industry-wide policy-making.

As well, the report provides corporate travel buyers and the Travel Management Companies (TMCs) servicing these customers with a credible and data driven framework capable of helping with the design and implementation of sustainable travel policies and the subsequent allocation of budget (i.e. the buying of airline tickets) towards airlines that are performing better overall in the new index.

INCLUSIONS:

  • RATING FRAMEWORK
  • DISCLOSURE
  • TOTAL CO2 EMISSIONS
  • EMISSION INTENSITY
  • SAF USE
  • OFFSETS PURCHASED
  • NET CO2 EMISSIONS
  • FACTORS AFFECTING EMISSION INTENSITY
  • AIRLINE SUSTAINABILITY RATING

CAPA Members and CTC Corporate Buyer Members receive exclusive discounts, Contact us or reach out to your dedicated CAPA Account Manager. 

The world’s biggest sovereign wealth funds and their investments into airports

Recently, CAPA - Centre for Aviation reported on interest allegedly coming from Saudi Arabia’s Public Investment Fund, a sovereign wealth fund (SWF), in London Heathrow Airport where Ferrovial may sell some or all of its stock.

The Saudis are not yet committed to the airport sector in the UK (while they are to sport - Newcastle United Football Club, and Abu Dhabi owns Manchester City), but they must have noticed that six SWFs already are part-owners of three London airports.

In fact, London is the nexus of financial sector interest in airports - partly on account of London being one of the leading centres in the world for such activities, as well as collectively the world’s biggest hub for air transport activities. Not to mention that it is open to foreign business.

If there is to be further airport M&A activity from SWFs it is in cities like London where it is most likely to happen. Conversely, there is no set pattern otherwise to those investments elsewhere, and half of the Top 15 SWFs aren’t directly into airports at all.

This report investigates each of those Top 15 SWFs individually.

Report Summary:

  • Of the top 15 Sovereign Wealth Funds (SWFs), half are active in the air transport sector and have gained in prominence there in recent years.
  • Airports historically appeal to SWFs for a variety of reasons, and CAPA’s investors directory lists 18 of those SWFs with financial interests in the sector.
  • On the other hand, some that might be expected to play a part have yet to make any direct investments in the sector.
  • There is a broad geographic spread of invested airports, which (in the main) are primary airports and hubs.
  • The biggest attraction is London, where three airports are partly owned by six SWFs.
  • The report analyses the top 15 SWFs for their exposure to the airport sector.
Airline Sustainability Benchmarking Report 2021 - Business Travel Edition

The CAPA-Envest Airline Sustainability Benchmarking Report 2021 is the first industry single source of truth on emissions, benchmarking airlines and their performance

Corporate travel procurement increasingly will be decided not just on traditional metrics, including price, airline network, schedule, flexibility, and loyalty rewards, but also on the stated sustainability strategies of airlines and the demonstrated outcomes of decarbonisation commitments.
 
To ensure that a company’s sustainability objectives are also supported by the actions of travel suppliers including airlines, it is critical that corporate procurement divisions have access to meaningful and detailed performance data from airlines to demonstrate not only the existence of sustainability strategies, but also demonstrated actions and
evidence of outcomes.
 
This report, jointly prepared by CAPA - Centre for Aviation (CAPA) and Envest Global (Envest), is designed to highlight some of the core elements of sustainable aviation, methods of quantifying individual airline sustainability credentials, and carbon emissions by journey, to assist corporations in identifying the travel suppliers most closely aligned to their own sustainability ambitions.

Key facts about the Report

  • 50 page report
  • Benchmarking of 52 airlines and their reported emissions for 2019 and 2020
  • 8 Figures/graphics and analysis showing the most important airline comparisons for pre-COVID 2019.
  • Insights into global corporations’ decarbonisation strategies and implications for corporate travel reduction

Why Travel Managers need this report, the data is contains and what you can do with it

  • Provides relevant and credible reporting metrics to support traveller’s/ corporates’ own emission targets/objectives
  • May guide and influence future buyer behaviours sector and opportunities for partnering programs, joint investment with airlines
  • Provides a broader industry benchmarking tool at a more micro level to that available via other sources.
  • Supports travel managers who are under pressure from internal ESG / sustainability teams for provision of reliable data for current emissions, but also for defining and implementing an ongoing program for reduction of the carbon emission footprint generated by the travel program.

Want to know more?

CAPA/Envest are holding dedicated Travel Manager virtual training sessions to delve deeper into airline sustainability
benchmarking. To learn more or book your spot contact CAPA at info@centreforaviation.com.
Individual/Restricted - CAPA-Envest Airline Sustainability Benchmarking Report 2021

CAPA launches historic, first of its kind airline sustainability benchmarking report

Globally, consumers, communities and countries are increasingly demanding climate action. So too are investors, who now want proof, not just talk of climate plans and results. Now more than ever, airlines are under pressure to cut flight emissions through sustainable aviation fuels, efficient aircraft and propulsion systems, as well as carbon pricing and reduction strategies. These are expensive solutions at any time, let alone post-COVID, when airlines are posting record losses. But the cost of inaction is even higher.

The CAPA-Envest Airline Sustainability Benchmarking Report 2021 is the industry’s first single source of truth on emissions, benchmarking airlines and their performance as they transition the net zero operations. The 130+ page report includes: 

  • 52 airlines benchmarked using their reported emissions for 2019 and 2020;
  • Analysis on the most important airline comparisons for the year pre-COVID, 2019;
  • Insights into global corporations’ decarbonisation strategies and implications for corporate travel; and
  • Perspectives on investor demands for the airline industry and how these will continue to lead to increased pressure on airline boards and senior management.

REPORT SNEAK PREVIEW! The total CO2 emissions by airlines in 2019 highlight the largest emitters and the significance of the top 10 airlines relative to total industry emissions.

Notes:

  • CAPA Members receive a USD1,000 discount off purchases. Contact your account manager for the code.
  • Ensure you are purchasing the correct version:
    • Individual/Restricted: For internal use only.
    • Enterprise Usage: For subsidiary sharing, external use and resale e.g., consulting.
    • Airline Only: Special discounted version for airlines.

Deepen your research with the CAPA Airline Sustainability Benchmarking Dashboards and Data Compendium

Also available for purchase is the CAPA Airline Sustainability Benchmarking Dashboards and Data Compendium. Each document allows the reader to delve further into the data collated by CAPA and Envest Global to benchmark the relevant airlines. The dashboards show individual airline results, highlighted for ease of visualisation and the compendium provides raw data for further analysis. 

Contact us or reach out to your dedicated Account Manager for access. 

The new shape of the aviation industry – CAPA’s 2022 megatrends and World Summit Agenda

The CAPA World Aviation Summit returns in 2022 in the beautiful British territory of Gibraltar.

The event, held on 1-2 December, and hosted by the Government of Gibraltar, will bring together thought leaders from aviation and the wider travel industry, including airline executives, key suppliers, technology partners and regulators.

The focus for this year’s summit is: the biggest trends that faced the aviation industry in 2022 and how they will influence strategies into 2023 and beyond.

Global airline leaders will share their insights and perspectives on the changes in the aviation sector over the last year, how the industry has adapted and set development targets for the future.

Topics under discussions will include: overcoming the pressures of rising costs, the push for environmental sustainability, operational issues in a post-pandemic world, the varied paths of international recovery, government ownership, ongoing digital transformation, the role of partnerships and alliances, and much more.

Download our 2022 megatrends report to learn more about these trends and the upcoming CAPA World Aviation Summit Agenda. To register for the Summit, visit the following link.

The six megatrends shaping the aviation industry in 2022

After an encouraging first two decades of the 21st Century that had provided a fertile environment to support the growth of air travel, nobody was prepared for the rollercoaster ride that the initial years of the 2020s have offered. It was the proverbial calm before the storm. But this was not like any storm encountered previously. As the coronavirus crisis evolved from a small news story into a global pandemic, air travel came to a near standstill. The calm climb of the previous decades came to an immediate stop and an industry collapsed into freefall. This was a vertical drop. And it didn’t stop, wiping years of growth in a matter of days.

It suddenly became all about survival. Costs were quickly jettisoned as businesses restructured in preparation for recovery. That path has become complicated by a mutating virus and cautious governments, but an increasingly vaccinated population and strong pent-up demand is already delivering pockets of growth in many geographic markets.

As sentiment to travel rises, the industry is growing again.Global domestic air capacity is already nearing prepandemic levels and international air travel is following behind as travel restrictions have been slowly lifted. But just as some confidence is starting to return, Russia’s invasion of Ukraine and the rising cost of fuel are just two of the key factors that will impact a recovery path that will also be influenced by technological developments and sustainability considerations.

The CAPA Airline Leader Summit series makes an exciting return to in person events in 2022 with the ‘Airlines in Transition’ event held on 7-8 April and hosted by MAG in Manchester. Airlines in Transition will bring together thought leaders from aviation and the wider travel industry, including airline executives, key suppliers, technology partners and regulators.

The focus for the summit is the aviation megatrends which have emerged from the COVID-19 pandemic. Global airline leaders will share their insights and perspectives on the changes brought about in the aviation sector over the past two years. They will also share their expectations about the shape of the recovery and thinking on how the pandemic has changed the broader trajectory for aviation and the travel sector. 

Enterprise Usage - CAPA-Envest Airline Sustainability Benchmarking Report 2021

CAPA launches historic, first of its kind airline sustainability benchmarking report

Globally, consumers, communities and countries are increasingly demanding climate action. So too are investors, who now want proof, not just talk of climate plans and results. Now more than ever, airlines are under pressure to cut flight emissions through sustainable aviation fuels, efficient aircraft and propulsion systems, as well as carbon pricing and reduction strategies. These are expensive solutions at any time, let alone post-COVID, when airlines are posting record losses. But the cost of inaction is even higher.

The CAPA-Envest Airline Sustainability Benchmarking Report 2021 is the industry’s first single source of truth on emissions, benchmarking airlines and their performance as they transition the net zero operations. The 130+ page report includes: 

  • 52 airlines benchmarked using their reported emissions for 2019 and 2020;
  • Analysis on the most important airline comparisons for the year pre-COVID, 2019;
  • Insights into global corporations’ decarbonisation strategies and implications for corporate travel; and
  • Perspectives on investor demands for the airline industry and how these will continue to lead to increased pressure on airline boards and senior management.

REPORT SNEAK PREVIEW! The total CO2 emissions by airlines in 2019 highlight the largest emitters and the significance of the top 10 airlines relative to total industry emissions.

Notes:

  • CAPA Members receive a USD1,000 discount off purchases. Contact your account manager for the code.
  • Ensure you are purchasing the correct version:
    • Individual/Restricted: For internal use only.
    • Enterprise Usage: For subsidiary sharing, external use and resale e.g., consulting.
    • Airline Only: Special discounted version for airlines.

Deepen your research with the CAPA Airline Sustainability Benchmarking Dashboards and Data Compendium

Also available for purchase is the CAPA Airline Sustainability Benchmarking Dashboards and Data Compendium. Each document allows the reader to delve further into the data collated by CAPA and Envest Global to benchmark the relevant airlines. The dashboards show individual airline results, highlighted for ease of visualisation and the compendium provides raw data for further analysis. 

Contact us or reach out to your dedicated Account Manager for access. 

Airline Only Version - CAPA-Envest Airline Sustainability Benchmarking Report 2021

CAPA launches historic, first of its kind airline sustainability benchmarking report

Globally, consumers, communities and countries are increasingly demanding climate action. So too are investors, who now want proof, not just talk of climate plans and results. Now more than ever, airlines are under pressure to cut flight emissions through sustainable aviation fuels, efficient aircraft and propulsion systems, as well as carbon pricing and reduction strategies. These are expensive solutions at any time, let alone post-COVID, when airlines are posting record losses. But the cost of inaction is even higher.

The CAPA-Envest Airline Sustainability Benchmarking Report 2021 is the industry’s first single source of truth on emissions, benchmarking airlines and their performance as they transition the net zero operations. The 130+ page report includes: 

  • 52 airlines benchmarked using their reported emissions for 2019 and 2020;
  • Analysis on the most important airline comparisons for the year pre-COVID, 2019;
  • Insights into global corporations’ decarbonisation strategies and implications for corporate travel; and
  • Perspectives on investor demands for the airline industry and how these will continue to lead to increased pressure on airline boards and senior management.

REPORT SNEAK PREVIEW! The total CO2 emissions by airlines in 2019 highlight the largest emitters and the significance of the top 10 airlines relative to total industry emissions.

Notes:

  • CAPA Members receive a USD1,000 discount off purchases. Contact your account manager for the code.
  • Ensure you are purchasing the correct version:
    • Individual/Restricted: For internal use only.
    • Enterprise Usage: For subsidiary sharing, external use and resale e.g., consulting.
    • Airline Only: Special discounted version for airlines.

Deepen your research with the CAPA Airline Sustainability Benchmarking Dashboards and Data Compendium

Also available for purchase is the CAPA Airline Sustainability Benchmarking Dashboards and Data Compendium. Each document allows the reader to delve further into the data collated by CAPA and Envest Global to benchmark the relevant airlines. The dashboards show individual airline results, highlighted for ease of visualisation and the compendium provides raw data for further analysis. 

Contact us or reach out to your dedicated Account Manager for access. 

United Kingdom CAPA Aviation Country Report Nov-2021

Following months of suppressed capacity due to the COVID-19 pandemic, following a successful vaccine rollout throughout 2021, there has been a sustained rebound in the UK, even after the expected summer season peak.

With the reopening of trans Atlantic travel, the UK's capacity is expected to rebound further towards the winter season.

Of the UK's 862 aircraft fleet 139 are currently inactive, many of which are widebody aircraft, however as more international markets reopen there are expected to return to service.

This week British Airways reactivated its Airbus A380 fleet, performing European proofing flights in anticipation of deploying them on long haul routes in the coming months.

Save time on your prep and let us do the legwork for you. CAPA’s Aviation Reports are perfect for meetings and internal reports, they quickly summarise items such as fleet graphs, traffic and financial results and more in a shareable PDF format.

CAPA Members get access to these comprehensive and up-to-date reports for any country, airline or airport globally.

This specific report is a special focus on the United Kingdom and includes:

  •  An overview
  • 20 most recent news briefs
  • Fleet tables and graphs
  • Capabilities tables and graphs
  • MRO tables and graphs
  • Schedules analysis tables and graphs
  • Cargo analysis graphs
  • Traffic graphs
  • Tourism tables and graphs
  • LCC tables and graphs
France CAPA Aviation Country Report Nov-2021

France has experienced a significant rebound in capacity, with recent data showing a further increase into the winter season. Owing to a successful vaccine rollout, France’s aviation sector is reaping the benefits of increased passenger confidence.

Of France’s 480 aircraft within its fleet, only 47 are inactive - one of the most impressive 'in service' to 'inactive' ratios of any European country.

The opening of the 'United States’ borders have enabled trans Atlantic travel for the first time in over 600 days, and Air France wasted no time in ramping up operations between the two countries. France’s airlines have a significant backlog of aircraft due for delivery in the coming years, with Air France alone having 86 on order.

Save time on your prep and let us do the legwork for you. CAPA’s Aviation Reports are perfect for meetings and internal reports, they quickly summarise items such as fleet graphs, traffic and financial results and more in a shareable PDF format.

CAPA Members get access to these comprehensive and up-to-date reports for any country, airline or airport globally.

This specific report is a special focus on France and includes:

  •  An overview
  • 20 most recent news briefs
  • Fleet tables and graphs
  • Capabilities tables and graphs
  • MRO tables and graphs
  • Schedules analysis tables and graphs
  • Cargo analysis graphs
  • Traffic graphs
  • Tourism tables and graphs
  • LCC tables and graphs