AVIATION Key performance data 202387,88,89,90 2.5%0.94 Gt CO2e8%118 gCO2e/RPK Contribution to global CO2e emissionsScope 1 and 2 emissions (2023)Emissions reduction (2019-2023)Emissions intensity (2023) 3%2.1 times <1%$5 trillion Decrease in emission intensity (2019-2023) Demand increase by 2050 in IEA’s NZE scenario, compared to 2023Low-emission aviation fuel consumptionAdditional investment required for net zero by 2050 Performance summary –Global air passenger traffic surged by nearly 37% in 2023, with total revenue passenger kilometres (RPK) reaching 94% of pre-COVID-19 pandemic levels from 2019. This highlights a strong recovery in the industry.91 –The absolute direct emissions were 0.94 Gt CO2e92 in 2023 – an 8% reduction from 1.02 Gt CO2e 93 in 2019. –The industry has decreased emission intensity by 3%94 in the last five years. –In 2023, SAF volumes reached over 600 million litres (0.5 Mt), double the 300 million litres (0.25 Mt) produced in 2022, but still only amounting to 0.2% of all aviation fuel for the year.95 SAF production volume is projected to triple to 0.53%96 of aviation’s fuel need in 2024. –Energy intensity reduced by 19% from 14.9 megajoules of energy used per revenue tonne kilometre (MJ/RTK) in 2020 to 12.1 MJ/RTK in 2022.97 Future emissions trajectory –The industry is forecasted to reduce emissions intensity by 13%98 by 2030 and 76%99 by 2050, compared to 2023 levels, according to IATA Net-Zero Roadmap S2 scenario. The absolute direct CO2e emissions are expected to be 1.12 Gt100 in 2030 and 0.47 Gt101 in 2050. –In the aviation industry, 75%102 of publicly traded companies consider climate change in their operational decision-making processes. Net-Zero Industry Tracker: 2024 Edition 2

Net Zero Industry Tracker 2024 Aviation