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 […]
The International Air Transport Association (IATA) announced full-year global passenger traffic results for 2016 showing demand (revenue passenger kilometers or RPKs) rose 6.3% compared to 2015 (or 6.0% if adjusted for the leap year). This strong performance was well ahead of the ten-year average annual growth rate of 5.5%. Capacity rose 6.2% (unadjusted) compared to […]
The decision of foreign airlines to hike airfares at a time the Nigerian economy is undergoing major difficulties is a source of concern to many intending passengers and travel agencies. Industry observers argue that the fare hikes are ill-timed, given that fewer Nigerians are travelling at this time of economic crunch. In fact, a travel […]
