Global airline companies have been struggling hard to cut down on emissions and are looking for alternatives to traditional jet kerosene fuels. "SAF reduces lifecycle carbon emissions by up to 80% and is a key part of Qantas' emissions reduction plan," it said. "Qantas clearly believes that demand will continue, ordering 24 new planes to meet demand and saying demand will remain above pre-COVID levels," said Josh Gilbert, market analyst at eToro AUS Capital. Qantas during the day posted a record profit with shares up 1.9% in early trade. Incoming CEO Vanessa Hudson will not have a one-way ticket to success when she takes over in November, but this may just be a new era of good times for the flag carrier of Australia, added Gilbert. Hudson said in June the carrier would kickstart a competition to replace existing A330 jets by end-year.