The International Air Transport Association (IATA) has announced that the recovery in air travel continued in December 2022 and for the full year. Total traffic in 2022 (measured in revenue passenger kilometers or RPKs) rose 64.4 per cent compared to 2021. Globally, full year 2022 traffic was at 68.5 per cent of pre-pandemic (2019) levels. […]
Domestic airlines may have lost N50 billion revenue in the last one week, as a result of low passenger traffic experienced after the Presidential, Senate and House of Representatives elections, which held February 25, 2023. The low passenger traffic has been attributed to the order given by the federal government, which restricted movement of people […]
In order to meet the envisaged high passenger demand during the Christmas season when passenger traffic more than double that of the previous months, Nigerian airlines have started acquiring more aircraft to meet the expected surge in passenger movement. THISDAY learnt that some of these airlines have leased aircraft while some are in the process […]
The Minister of Information and Culture, Lai Mohammed said relevant authorities are addressing the issues concerning revenue of foreign airlines that have been trapped in Nigeria, put at over $600 million. Speaking during a facility tour at the new international terminal of the Murtala Muhammed Airport, Lagos yesterday, the Minister said, “On the trapped funds, […]
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 […]
