Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
Tuesday 19 November 2019 4:32 pm  |  Updated:  Monday 25 November 2019 10:22 am

Easyjet becomes first major airline to go carbon neutral

By: Alex Daniel

Add as a preferred source on Google
(Getty)

Easyjet has become the world’s first major airline to offset all carbon emissions given off by its flights, as the aviation industry comes under mounting pressure to reduce its environmental impact.

The budget carrier said the measure, which involves stopping deforestation in South America, installing solar panels in India and reducing wood-burning water sanitation in Uganda, would cost around £25m a year until 2022.

Read more: Easyjet buys Thomas Cook slots at Gatwick and Bristol

But chief executive Johan Lundgren said the firm would shoulder the cost because it is “the right thing to do”.

The promise came as the airline reported a 26 per cent fall in profit to £427m over the last year, which was at the upper end of expectations. 

Lundgren added: “We recognise that offsetting is only an interim measure, but we want to take action on our carbon emissions now.”

Commercial flights make up about two per cent of global carbon emissions, with airlines increasingly responding to the growing “flight shame” movement, which originated from Lundgren’s native Sweden.

British Airways last month announced its own plans to offset emissions from all its domestic flights from next year, while its owner, IAG, became the first group to commit to net zero carbon flying by 2050.

Read more: Easyjet prepares to take more Thomas Cook market share

Lundgren said that although Easyjet could benefit commercially from its flights being less detrimental to the environment than others, this was not the reason for the decision.

“Customers increasingly expect companies to do something about [climate change]. But fundamentally, it’s just the right thing to do,” he said.

Read more

Easyjet investors call for £600m more from US bidder

EasyJet airplane at airport terminal with passengers boarding, representing airline industry and travel news updates

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Transport & Infrastructure

Related Topics

  • easyJet

Trending Articles

  • Top Burnham adviser calls for capital gains and inheritance tax hikes

  • Clarkson’s Farm and why businesses must stop blaming the weather

  • Two solicitors linked to Post Office scandal charged with misconduct

  • Lloyd’s deputy chair: The City is a club in the best sense

  • A meeting with the breakfast king of Mayfair

More from City PM

  • Easyjet investors call for £600m more from US bidder

    Transport & Infrastructure
    EasyJet airplane at airport terminal with passengers boarding, representing airline industry and travel news updates
  • Castlelake urges Easyjet investors to back £4.7bn takeover bid 

    Transport & Infrastructure
    Easyjet will be looked to for any guidance on the impact of recent French air traffic control strikes when it updates on Thursday.
  • Easyjet rejects fourth bid but holds out for ‘more attractive’ offer

    Transport & Infrastructure
    Ryanair has axed around 170 services while Easyjet said it was cancelling 274 flights because of French air traffic control strikes.
  • For stock-picking success, think like a PE investor

    Markets
    Blackstone skyscraper with modern architecture under clear blue sky, symbolizing financial power and urban development.
  • Flying at Heathrow will cost ‘significantly more’ due to third runway bid

    Transport & Infrastructure
    Heathrow and several European airports are suffering from a cyber attack.
  • Tate & Lyle becomes latest market stalwart to quit London

    Retail
    Canada skyline featuring iconic skyscrapers and modern architecture against a clear blue sky
  • ‘Bogus claim’: Ryanair hits back at watchdog probe into family seating policy

    Transport & Infrastructure
    Elon Musk and Ryanair CEO Michael O’Leary face off amid acquisition rumors in a business meeting setting
  • Wizz Air ‘resilient’ after route cancellations wipe out profit

    Transport & Infrastructure
    Wizz Air reported a hefty drop in annual profit as it grapples with long-running supply chain issues and conflict Ukraine and the Middle East.

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy