It is estimated that Nigeria’s aviation industry would have lost about N13 billion in one day if domestic airlines had shut down operations on May 9, 2022 as planned. The loss according to experts, would have amounted to about N9 billion in revenue that would have accrued to the airlines and N4 billion that would […]
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 […]
The International Air Transport Association (IATA) announced that the recovery in air travel continued in October 2021 with broad-based improvements in both domestic and international markets. It also warned that the imposition of travel bans by governments, against the advice of the World Health Organization (WHO), could threaten the sector’s recovery. Because comparisons between 2021 […]
The International Air Transport Association (IATA) has warned that flights to Nigeria may be hampered because of the $208 million blocked funds of foreign airlines that operate to the country. These funds are ticket sales revenues, which Nigeria is unable to remit to these airlines due to paucity of foreign exchange. This was disclosed by […]
While the COVID-19 pandemic forced the suspension of scheduled flight operations, it provided an elixir to cargo freighting, which became a lifeline to many airlines. In Africa, airlines like Kenya Airways and Ethiopian Airlines leveraged on cargo freighting to keep some of their aircraft in the air and earned revenues that sustained the companies during […]
