{"id":98538,"date":"2023-10-03T09:22:48","date_gmt":"2023-10-03T09:22:48","guid":{"rendered":"https:\/\/turbocelebrity.com\/?p=98538"},"modified":"2023-10-03T09:22:48","modified_gmt":"2023-10-03T09:22:48","slug":"ozempic-could-help-airlines-profits-rocket-as-passengers-slim-down","status":"publish","type":"post","link":"https:\/\/turbocelebrity.com\/world-news\/ozempic-could-help-airlines-profits-rocket-as-passengers-slim-down\/","title":{"rendered":"Ozempic could help AIRLINES profits' rocket as passengers slim down"},"content":{"rendered":"
United Airlines could save $80 million a year on fuel costs if more passengers lost weight thanks to Ozempic and other ‘miracle’ weight loss treatments, according to a new report.<\/p>\n
A lighter plane full of slimmer people would significantly reduce the cost of flying, found Sheila Kahyaoglu, a Jefferies Financial analyst.<\/p>\n
She concluded, in a report released on Friday and obtained by Bloomberg, that the drugs could be a game-changer for airlines, where fuel and labor are the biggest costs.<\/p>\n
Kahyaoglu looked at United, but said the benefits would apply to all airlines.<\/p>\n
If the average passenger lost 10 pounds, she calculated that it would reduce 1,790 pounds from every United flight – a fuel saving of 27.6 million gallons a year.<\/p>\n
At an average 2023 fuel price of $2.89 a gallon, United would save $80 million a year.<\/p>\n
<\/p>\n
Ozempic, which helps with rapid weight loss, could save airlines millions of dollars, a new report has concluded<\/p>\n
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Ozempic and similar weight loss drugs cause people to shed the pounds, which would dramatically cut the fuel consumption of planes<\/p>\n
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The author looked at United, but said all airlines would benefit from lighter passengers<\/p>\n
‘This benefit should be recognized similarly across airlines,’ Kahyaoglu wrote.<\/p>\n
Jet fuel prices in New York harbor have climbed 39 percent, or 89 cents a gallon, over the past three months, reaching $3.19 on Friday, Bloomberg reported.<\/p>\n
Every 10 cent increase per gallon in jet fuel costs the airlines $2 billion annually.<\/p>\n
Airlines have long sought to make their planes weigh less, with schemes to reduce the weight of carts, utensils and dishes.<\/p>\n
But she found the weight-loss drugs could have a significant impact.<\/p>\n
Kahyaoglu wrote that the demand for rapid weight loss drugs could see the drugs balloon into a $100 billion market.<\/p>\n
One in three adults in the United States are considered obese, according to the Centers for Disease Control and Prevention.<\/p>\n
Worldwide, 41.5 percent of the population will be classed as overweight by the end of this year – up from 36.4 percent a decade ago.<\/p>\n
Kahyaoglu found that the weight loss drugs will also boost the pharmaceutical, clothing and cosmetics industries – but could harm restaurants.<\/p>\n
The high cost of the drugs could also see people spending less on items such as furniture and travel.<\/p>\n
In August, the Danish drugmaker behind Ozempic raised its full-year profit and sales forecasts for a second time.\u00a0<\/p>\n
Wegovy and Ozempic are different brand names for semaglutide, which works by tricking the brain to suppress appetite and reduce calorie intake, resulting in substantial weight loss.\u00a0<\/p>\n
It does this by mimicking the hormone glucagon-like peptide-1 (GLP-1), which is released after eating.<\/p>\n
It was previously nicknamed Hollywood’s worst kept secret, with fans including Elon Musk and Jeremy Clarkson.<\/p>\n
Even Kim Kardashian was rumored to have used it to rapidly lose 16lbs to fit into Marilyn Monroe’s ‘Happy Birthday Mr President’ dress at the 2022 Met Gala.<\/p>\n
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Kim Kardashian transformed into Marilyn Monroe for the Met Gala at the Metropolitan Museum of Art in New York City, arriving in the late star’s $5 million gown she wore in 1962 to wish President John F. Kennedy a happy birthday\u00a0<\/p>\n
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Jeremy Clarkson (left) revealed this month that he was taking Ozempic in a bid to lose weight.\u00a0When asked in October whether following a healthier diet or hitting the gym was behind his 30lb (13.6kg) weight loss, Elon Musk (right) credited ‘fasting’ and ‘Wegovy’<\/p>\n
Novo Nordisk’s financial report for the first half of 2023 shows it made a net profit of 39.2 billion Danish kroner ($5.72 billion) up from 27.5 billion kroner ($4 billion) the previous year.<\/p>\n
The company said the trend was ‘mainly driven by’ a 49 percent boost in sales for GLP-1 diabetes drugs.\u00a0<\/p>\n
In total, sales for these drugs came to 99 billion kroner ($14.4 billion).<\/p>\n
Lars Fruergaard J\u00f8rgensen, president and chief executive of Novo Nordisk, said: ‘We are very pleased with the sales growth in the first half of 2023.\u00a0<\/p>\n
‘The growth is driven by increasing demand for our GLP-1-based diabetes and obesity treatments, and we are serving more patients than ever before.’<\/p>\n
He added that obesity is a ‘serious chronic disease’ and weight-related conditions ‘can be significantly reduced by treating people with semaglutide’.<\/span><\/p>\n