Amidst a growing trend of States across Nigeria investing in airport projects, the Chief Executive Officer of Financial Derivatives Company (FDC), Mr. Bismarck Rewane, has pointed out that only two of the 33 airports in the country are profitable. Rewane also stated that only three airports in the country are responsible for handling 92 per […]
The Group Managing Director of Finchglow Holdings, Mr. Bankole Bernard, has said the Nigerian aviation industry needs reliable data that will help the industry to plan, attract investors and determine the growth of the sector. He however expressed scepticism on the authenticity of existing data, saying that they do not capture the real number of […]
With a population of over 200 million people, it is expected that Nigeria should be adding about four million passengers annually to the number of persons that travel by air both on domestic and international destinations, but air travel statistics show undulating results that sometimes oscillate, indicating that there is really no growth in the […]
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 […]
