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United Airlines makes history, operating flight with 100% Sustainable Aviation Fuel

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The aviation sector is widely known to be a high-emissions industry, with aircraft contributing to a growing pollution problem – but United Airlines just made history, in a brilliant way

United Airlines on Wednesday operated the world’s very first flight that used 100% sustainable aviation fuel, known as SAF.

Flying a jet with more than 100 passengers from Chicago to Washington, DC, the flight was the first commercial flight ever using only renewable fuel.

In a statement United Airlines said: United is the world leader in the usage and support for the development of SAF, an alternative fuel made with non-petroleum feedstocks, already having agreements to purchase nearly twice as much SAF as the known agreements of all other global airlines combined.

SAF has the potential to deliver the performance of petroleum-based jet fuel but with a fraction of its carbon footprint, and according to the U.S. Department of Energy, the country’s vast feedstock resources are enough to meet the projected fuel demand of the entire U.S. aviation industry.

“United continues to lead from the front when it comes to climate change action,”

United CEO Scott Kirby, who will fly onboard today’s historic SAF flight.

“Today’s SAF flight is not only a significant milestone for efforts to decarbonize our industry, but when combined with the surge in commitments to produce and purchase alternative fuels, we’re demonstrating the scalable and impactful way companies can join together and play a role in addressing the biggest challenge of our lifetimes.”

The airline boss noted.
United makes history using 100% SAF fuel on domestic flight / Image: Supplied

Currently, airlines are only permitted to use a maximum of 50% SAF

The SAF used on the Dec. 1 flight is drop-in ready and compatible with existing aircraft fleets, United said.

The flight operated as a demonstration – to see how the jet would perform using only SAF fuel

The 737 MAX 8 used 500 gallons of SAF in one engine and the same amount of conventional jet fuel in the other engine “to further prove there are no operational differences between the two and to set the stage for more scalable uses of SAF by all airlines in the future,” United said.

United partnered with other companies including Virent, a subsidiary of Marathon Petroleum whose technology enables 100% drop-in SAF, and World Energy, the world’s first and North America’s only commercial SAF producer to make the flight possible.

Anthony Lucas is reporter, presenter and social media producer with ticker News. Anthony holds a Bachelor of Professional Communication, with a major in Journalism from RMIT University as well as a Diploma of Arts and Entertainment journalism from Collarts. He’s previously worked for 9 News, ONE FM Radio and Southern Cross Austerio’s Hit Radio Network. 

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Unlocking the salary puzzle: 5 strategies for job interview success

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Navigating the delicate subject of salary expectations during a job interview can feel like tiptoeing through a minefield.

The mere mention of the question often sends shivers down the spines of even the most seasoned job seekers. Yet the job interview process could be the one time where you can set the expectations and avoid resentment later down the track.

To shed light on this daunting aspect of the interview process, I turned to a diverse array of colleagues spanning various industries and experience levels for their insights.

Here are five strategies they shared on how to approach the tricky topic of salary during a job interview:

The question

The question “What are your salary expectations?” ranks high among the most nerve-wracking inquiries in a job interview.

Many find themselves grappling with the fear of undervaluing their worth or pricing themselves out of contention.

To alleviate this anxiety, it’s crucial to arm yourself with knowledge about the prevailing market rates for your role.

Conduct thorough research using resources like salary.com or leverage your professional network to gain insights into industry standards.

Equipped with this information, you can confidently propose a salary range that aligns with your expertise and experience.

Do your homework

Crafting a data-driven argument can bolster your negotiation stance during salary discussions.

Rather than relying solely on personal preferences or vague assurances of contentment with the offered salary, present concrete evidence supporting your value proposition.

Referencing industry benchmarks and your own market value demonstrates a proactive approach to advocating for fair compensation. Striking a balance between assertiveness and flexibility can further underscore your willingness to engage in constructive dialogue.

Ask questions

In cases where uncertainty looms over salary expectations, consider seeking clarification on the salary band for the role.

This approach not only empowers you with valuable insights into the organization’s compensation structure but also provides a framework for anchoring your negotiation strategy.

Armed with knowledge of the salary range, you can position yourself strategically, aiming for a figure that reflects your skills and contributions while remaining within the realm of reason.

Set the bar

Taking a proactive stance by aiming higher than your desired salary can be a savvy negotiation tactic.

By setting the bar slightly above your target, you create room for concessions while signaling your confidence in your worth.

Transparency regarding your salary expectations, coupled with a willingness to engage in meaningful discussions, can foster an environment conducive to negotiation. Remember, if a potential employer values your contributions, they will likely be open to exploring mutually beneficial arrangements.

Broader package

Leverage the discussion on salary expectations as an opportunity to delve into the broader benefits package offered by the organization. Instead of fixating solely on monetary compensation, inquire about additional perks such as health insurance, retirement plans, or professional development opportunities.

This holistic approach demonstrates your consideration of long-term career prospects and organizational fit, transcending the narrow confines of salary negotiations.

Navigating discussions about salary during a job interview can be daunting, but with strategic preparation and a clear understanding of your worth, you can approach these conversations with confidence and poise.

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March surprise: What will the Fed Reserve do this week?

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As anticipation builds ahead of the Federal Reserve’s highly anticipated March meeting, the major US stock indexes have retreated from their record highs, setting the stage for a pivotal week in the financial markets.

On Wednesday, the tension surrounding the Fed’s monetary policy decision will reach its climax.

At 2:00 p.m. ET, the US central bank is scheduled to unveil its latest policy stance and updated economic projections, with investors eagerly awaiting clarity on a crucial question: does the Fed still anticipate three interest rate cuts in 2024?

Recent data indicating persistent inflation levels, contrary to earlier expectations of a rapid decline, has led market forecasts to adjust, now projecting three rate cuts instead of six for the year.

Consequently, the focus shifts to whether the Fed will adjust its stance in response to this prolonged inflationary pressure.

The New York Stock Exchange

Earnings reports

In addition to the Fed’s meeting, this week’s calendar features notable corporate earnings reports, including those from Nike, Lululemon, FedEx, and Micron, scheduled for Thursday.

The IPO market will also witness Reddit’s public debut under the ticker symbol ‘RDDT’ on Thursday, offering insights into the resurgence of new listings in 2024.

Rising food prices drive consumers to embrace buy now, pay later

Meanwhile, Nvidia’s annual GTC conference on Monday will draw attention as investors seek updates on the company’s product roadmap amidst surging demand for its chips driven by the AI boom.

With regards to the Fed, investors are not anticipating any changes to the benchmark interest rates, expected to remain within the range of 5.25%-5.50%, consistent since July last year.

Instead, the focus will be on the Fed’s Summary of Economic Projections (SEP) and Chairman Jerome Powell’s subsequent press conference, which will commence 30 minutes after the policy statement release.

 

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Rising food prices drive consumers to embrace buy now, pay later

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As food inflation continues to grip the nation, more people are turning to buy now, pay later (BNPL) services to navigate the soaring costs of groceries and takeout meals.

With financial pressures mounting and budgets stretched thin, BNPL has emerged as a lifeline for consumers across various income brackets, allowing them to manage their expenses amidst economic uncertainty.

Recent research from PYMNTS Intelligence reveals that approximately 15 million consumers, constituting 6.5% of the US population, relied on BNPL installment loans to cover their grocery bills or manage weekly food expenditures last year.

Buy now, pay later reforms released

Even higher-income households, earning over $100,000 annually, have embraced this payment method, albeit to a lesser extent.

Cost-cutting

The persistently high food prices have prompted households across the income spectrum to adopt cost-cutting measures. While some consumers opt for more affordable grocery stores or compromise on the quality of their purchases, others turn to BNPL to alleviate immediate financial burdens associated with food purchases.

In a bid to attract price-conscious consumers, major food chains like McDonald’s are devising strategies to offer compelling deals and affordable meal options.

However, not everyone is resorting to BNPL for their food purchases.

Some consumers prefer to tighten their belts by dining at home more frequently amid the prevailing economic uncertainty.

Despite the convenience offered by BNPL services, financial experts caution against overreliance on these installment loans.

While BNPL may seem harmless for smaller purchases, there is a risk of accruing unnecessary debt if not managed responsibly.

Delinquent payments could adversely affect one’s credit rating, underscoring the importance of prudent financial management.

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