*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 […]
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 […]
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 […]
