The International Air Transport Association (IATA) has announced that African carriers are expected to post a loss of $638 million in 2022, narrowing to a loss of $213 million in 2023 and projected that passenger demand growth of 27.4 per cent is expected to outpace capacity growth of 21.9 per cent. IATA also stated that […]
Many industry stakeholders, including airline operators have over the years lamented how Nigerian carriers have failed in international flight service, where they offer the cheapest fare and largely without robust load factor on business class. Many of the industry observers now said that without effective interline arrangement with other international carriers that can take their […]
Five international air transport and tourism bodies have launched an appeal to international financial institutions, country development partners and international donors to support Africa’s Travel & Tourism sector with at least $10 billion relief, saying this sector employs some 24.6 million people on the African continent and may soon collapse if there is no rescue […]
The International Air Transport Association (IATA) has announced that airlines may burn through $61 billion of their cash reserves during the second quarter of 2020, while posting a quarterly net loss of $39 billion. IATA also revealed that over 7000 aircraft have been grounded worldwide due to the pandemic. The global body said the analysis […]
The Federal Airports Authority of Nigeria (FAAN) has announced that it would host the 59th Airport Council International (ACI), Africa. This was disclosed by the Managing Director of the agency, Saleh Dunoma, in a press conference on Monday and explained that the agency would host the 59th Airports Council International (ACI), Africa Board Regional Committees […]
