There could be a more than $US100 billion global market for such medicines,with sales climbing quickly through the end of the decade,the review concluded. Ozempic is made by Novo Nordisk.
Weight is a major concern for airlines because the more a plane weighs,the more fuel it burns. Fuel and labour are the two largest expenses for carriers,with fuel accounting for about 25 per cent. Over the years,airlines have used a variety of methods to reduce kilograms on flights,such as removing magazines and switching to lower-weight dishes,utensils and beverage carts.
If the average passenger lost 4.5 kilograms,this would trim more than 800 kilograms from every United flight,implying savings of 27.6 million gallons a year,the analyst estimated. At an average 2023 fuel price of $US2.89 a gallon,United would save $US80 million a year. That equates to US20¢ cents of earnings per share,or 2 per cent of Jefferies’s full-year earnings estimate of $US9.50 a share,she said.
“This benefit should be recognised similarly across airlines,” Kahyaoglu wrote.
Qantas last week flagged a$200 million increase to its fuel bill,saying itmay increase the price of airfares if the cost of fuel remained elevated in the coming weeks.
Every US10¢ cent increase per gallon in jet fuel costs the airlines $US2 billion annually,according to 2023 estimates from the Bureau of Transportation Statistics and Airlines for America.