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 […]

Sirika Aviation

At $450mn, Nigeria Owes 25% of Global Airlines’ Blocked Fund, Says IATA

*Airfares to Nigeria Three-times Higher than What Obtains in Other Countries The International Air Transport Association (IATA) has disclosed that airlines unremitted revenues from Nigeria (known as blocked funds) has risen to $450 million, representing 25 per cent of the total amount of international carriers’ funds held back by central banks of many countries, put […]

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 […]