New landmark international study: 2-in-3 People Agree: Now Is The Time for Air Travel to Become Sustainable

Rhea-AI Summary

A landmark international survey by Lilium N.V. (NASDAQ:LILM) reveals strong demand for sustainable air travel. 65% of 4,000 consumers across the US, UK, France, and Germany believe it's time for air travel to become sustainable. The study shows:

- 60% would try electric aviation
- 61% want to try eVTOL aircraft like the Lilium Jet
- 73% are concerned about traditional aviation's pollution
- 70% worry about aviation's role in climate change

Younger adults (18-34) in the US are 2.5 times more likely to prioritize sustainability in travel decisions compared to those 55+. Cost remains the top priority (54%), followed by comfort (46%) and convenience (39%). The survey also indicates that awareness of eVTOL aircraft correlates with higher enthusiasm for electric aviation's future.

Positive

• 65% of surveyed consumers support sustainable air travel
• 60% of respondents would try electric aviation
• 61% express interest in trying eVTOL aircraft like the Lilium Jet
• Lilium leads the eVTOL market with over 100 binding orders
• Younger adults (18-34) show stronger preference for sustainable travel options

Negative

• 73% of respondents are concerned about traditional aviation's pollution contribution
• 70% worry about aviation's role in climate change
• Cost remains the top priority for travelers, potentially challenging adoption of new technologies

• New research undertaken amongst 4,000 adults across the US, UK, France, and Germany reveals overwhelming concern over air travel’s impact on pollution and climate change
  
• Consumers say future of transport must be lower cost, more reliable and more sustainable
• Respondents across all countries look favorably on eVTOL aircraft

MUNICH, Aug. 07, 2024 (GLOBE NEWSWIRE) -- A landmark international survey has revealed the scale of pent up demand for clean aviation, with 65 per cent of consumers across the four countries calling for change.

In a unique poll of 4,000 people across the US, UK, France, and Germany, two-thirds (65%) of consumers said that it is time for air travel to become sustainable.

The figures, unveiled by Lilium N.V. (NASDAQ:LILM), a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), also reflect wide excitement about the prospect of new forms of transport.

Polled on a series of innovative travel methods, 60% said they would try electric aviation, while 61% specifically said they would like to try eVTOL aircraft such as the Lilium Jet, with demand strongest in Germany (64%).

The research also revealed widespread concern over the impact on traditional aviation – 73% said they were concerned about its contribution to pollution, with the proportion highest in Germany (76%), and similarly backed by two-thirds (67%) of consumers in the US.

Across all markets, 70% also said they were concerned about the role of aviation in climate change.

The survey also highlighted the shift we are likely to see as a more sustainably minded younger population continues to make up more of the travel decisions based on how sustainable it is. In the US, adults 18-34 are 2.5 times more likely to focus on sustainability than those aged 55+ when making travel decisions.

The figures have been released shortly after the aviation world gathered at Farnborough Air Show, where Lilium unveiled the full scale model of its Lilium Jet for the first time in the UK.

Travel Preferences

Respondents were also asked about the ways in which they would prefer to travel a journey of roughly 100 miles; while cars represented the most popular option, US respondents were most likely to opt for a flight as their second choice, choosing air travel over trains and other methods such as buses.

The most popular scenarios among consumers for these journeys included “getting around while on holiday” (29%), “exploring places within my country” (28%) and “exploring nearby regions” (23%), with US respondents polling especially in favour of domestic travel.

Across all territories, cost was regarded as the most important factor in making travel plans, with more than half (54%) ranking this as their top priority.

However, this was closely followed by comfort (46%) and convenience of access (39%), both areas in which low infrastructure options such as eVTOLs are able to outdo the alternatives.

Similarly, reflecting consumers’ ill-feeling towards traditional air travel, one-in-three (38%) of consumers across all markets said that “the amount of time spent at the airport” should be a key goal for improving air travel.

eVTOL Awareness

The figures also reveal the importance of consumer awareness around new forms of transport.

Across all four countries, 21% of respondents said they were aware of eVTOL aircraft and how they could be used, and this group was consistently the most enthusiastic about the future of aviation.

This group was overwhelmingly more likely to agree that electric aviation is the future of air travel (67%) when compared to those who said they had never heard of eVTOL aircraft (39%).

Similarly, these eVTOL evangelists were also the most likely to say that they could see themselves regularly switching from another mode of transportation (67%), suggesting that current levels of enthusiasm are set to build further as awareness grows.

Sebastien Borel, Chief Commercial Officer, Lilium, said: “In four critical markets, this survey shows that one thing is clear: people are ready for a new form of transport—one that’s more comfortable, convenient to access, and meets their concerns on the environment. These numbers underline why Lilium with more than 100 binding orders leads the eVTOL market. While customers are demanding more sustainable ways of travel – with cost, comfort and convenience being important for them, regional air mobility is the key market providing higher time saving and better cost per mile. Moreover, we learned from our findings that for those well versed with eVTOL’s potential, the excitement around electric aviation is even stronger. I believe that once our aircraft is in operations commercially, these numbers we have seen in this survey will increase.”

Klaus Roewe, Chief Executive Officer, Lilium, said: “The findings from this research should serve as a wake-up call for Europe and elsewhere to boost support for electric aviation. The demand and excitement for this new form of transport is clear, and the potential of electric aviation to contribute to solving the broader environmental issues and challenges in air transportation is significant. Aviation is at the heart of the global economy, whether it’s for tourism and travel or logistics—but equally, it’s responsible for around 2.5% of global CO2 emissions. Our industry can do this in a sustainable way, and we hope the US and Europe take the lead in establishing electric flight commercially.”

The research surveyed a nationally representative audience of 4,000 adults across the US, the UK, France and Germany. It was conducted between 10th and 16th July 2024 by insight agency Opinium.

Contact information for media: 

Christine Pierk
Communications Manager
+49 151 53919945
press@lilium.com

Contact information for investors:  

Rama Bondada 
Vice President, Investor Relations   
investors@lilium.com      

About Lilium  

Lilium (NASDAQ: LILM) is creating a sustainable and accessible mode of high-speed, regional transportation for people and goods. Using the Lilium Jet, an all-electric vertical take-off and landing jet, designed to offer leading capacity, low noise, and high performance with zero operating emissions, Lilium is accelerating the decarbonization of air travel. Working with aerospace, technology, and infrastructure leaders, and with announced sales and indications of interest in Europe, the United States, China, Brazil, the UK, the United Arab Emirates, and the Kingdom of Saudi Arabia, Lilium’s 1,000+ strong team includes approximately 500 aerospace engineers and a leadership team responsible for delivering some of the most successful aircraft in aviation history. Founded in 2015, Lilium’s headquarters and manufacturing facilities are in Munich, Germany, with teams based across Europe and the U.S. To learn more, visit  www.lilium.com.

Lilium Forward Looking Statements 
This press release contains certain forward‐looking statements within the meaning of the U.S. federal securities laws, including, but not limited to, statements regarding: (i) Lilium N.V.’s and its subsidiaries (collectively, the “Lilium Group”) proposed business and business model; (ii) the markets and industry in which the Lilium Group operates or intends to operate; (iii) the Lilium Group’s progress towards type certification (and type certificate validation) of its Lilium Jet with EASA and the FAA; and (iv) the results of, and future plans related to, the Lilium Group’s survey as described herein. These forward‐looking statements generally are identified by the words “anticipate,” “believe,” “could,” “expect,” “estimate,” “future,” “intend,” “may,” “on track,” “plan,” “project,” “should,” “strategy,” “will,” “would” and similar expressions. Forward‐looking statements are predictions, projections, and other statements about future events that are based on management’s current expectations with respect to future events and are based on assumptions and are subject to risk and uncertainties that are subject to change at any time. Actual events or results may differ materially from those contained in the forward‐looking statements. Factors that could cause actual future events to differ materially from the forward‐looking statements in this press release include those risks and uncertainties discussed in Lilium’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including in the section titled “Risk Factors” in our Annual Report on Form 20‐F for the year ended December 31, 2023, on file with the SEC, and similarly titled sections in Lilium’s other SEC filings, all of which are available at www.sec.gov. Forward‐looking statements speak only as of the date they are made. You are cautioned not to put undue reliance on forward‐looking statements, and Lilium assumes no obligation to, and does not intend to, update, or revise these forward‐looking statements, whether as a result of new information, future events or otherwise. 

FAQ

What percentage of surveyed consumers believe it's time for air travel to become sustainable?

According to the Lilium (NASDAQ:LILM) survey, 65% of the 4,000 consumers across the US, UK, France, and Germany believe it's time for air travel to become sustainable.

How many binding orders does Lilium (LILM) have for its eVTOL aircraft?

Lilium (NASDAQ:LILM) reports having more than 100 binding orders for its eVTOL aircraft, leading the eVTOL market.

What percentage of surveyed consumers would try electric aviation?

The Lilium (NASDAQ:LILM) survey reveals that 60% of respondents said they would try electric aviation.

How do younger adults in the US compare to older adults in prioritizing sustainable travel?

According to the Lilium (LILM) survey, adults aged 18-34 in the US are 2.5 times more likely to focus on sustainability when making travel decisions compared to those aged 55 and older.

What are the top priorities for consumers when making travel plans, according to the Lilium (LILM) survey?

The Lilium (NASDAQ:LILM) survey shows that cost is the top priority (54%), followed by comfort (46%) and convenience of access (39%) when consumers make travel plans.