Southwest Airlines Sells Its Clean Jet Fuel Business

Key Points

• Southwest Airlines sold its renewable energy business, including Saffire Renewables, to Conestoga Energy.
• The sale covers intellectual property, SAF technology, a planned SAF production facility, and key staff.
• Southwest remains committed to its climate goals despite ongoing supply and cost challenges for SAF.

Summary

Southwest Airlines has sold its renewable energy venture, including Saffire Renewables and related assets, to Conestoga Energy. The transaction involves technology, intellectual property, and key personnel, as well as a planned sustainable aviation fuel (SAF) production facility. Despite the sale and industry-wide challenges such as SAF supply shortages and reduced government incentives, Southwest maintains its commitment to achieving significant emissions reductions and advancing its sustainability initiatives.