Aviation

Recovery, Profitability of Airlines Post COVID-19

Recovering from COVID-19 economic meltdown to the struggle with high price of aviation fuel due to the Ukrainian war, the International Air Transport Association, has expressed hope that the desire to travel and the removal of last travel restrictions will propel airlines to bounce back to profitability. At the unveiling of the 78th Annual General […]

Aviation

Strong International Traffic Propels Continuing Air Travel Recovery, Says IATA

The International Air Transport Association (IATA) has announced that air travel resumed its strong recovery trend in April, despite the war in Ukraine and travel restrictions in China. This was driven primarily by international demand. It stated that total demand for air travel in April 2022 (measured in revenue passenger kilometers or RPKs) was up […]

Aviation

Nigeria Projected to Spend Over $1.5bn on International Travel in 2022

With COVID-19, a major threat to air travel and economic growth, Nigeria may spend over $1.5 billion on international travel in 2022, THISDAY investigations has revealed. In 2021, Nigeria spent about $1 billion on international travel despite and COVID-19 pandemic, which had negative impact on the global economy. But 2022 half-year results from travel agencies […]

Aviation

Passenger Traffic Recovery after COVID-19 Continues, Says IATA

The International Air Transport Association (IATA) has announced passenger data for March 2022 demonstrating that the recovery of air travel continues and observed that the impacts from the conflict in Ukraine on air travel demand were quite limited overall while Omicron-related effects continued to be confined largely to Asian domestic markets. IATA said the total […]