Industry consultant and CEO of Aglo Limited, Tayo Ojuri has predicted that Nigerian airlines would record weak profit in 2021, due to the weakness of the marco-economy. Ojuri said this in a telephone interview with THISDAY. He identified three factors that would hinder the ability of the airlines to post healthy profit. One of the […]
The International Air Transport Association (IATA) has revealed that passenger demand in September remained highly depressed. Total demand (measured in revenue passenger kilometers or RPKs) was 72.8 per cent below September 2019 levels (only slightly improved over the 75.2% year-to-year decline recorded in August). Capacity was also down 63 per cent compared to a year […]
The federal government has projected that the major international airports: the Murtala Muhammed International Airport (MMIA), Lagos, the Nnamdi Azikiwe International Airport, Abuja, the Mallam Aminu Kano International Airport, Kano and the Port Harcourt International Airport, Omagwa would be processing about 55 million passengers annually by 2048. This was the estimate made by the Outline […]
Aviation industry stakeholders have expressed optimism that the resumption of domestic flight operations will kick-start nation’s economy. According them, this is because entrepreneurs and business leaders move by the fastest means possible and air travel is the only provider of such mode of travelling in Nigeria. The Director of Flight Operations of Air Peace, Captain […]
NCAA suspends issuance of certificates to airlines, pilots International Air Transport Association (IATA) has said Nigerian airlines have airlifted 3.5 million fewer passengers resulting in a $760 million revenue loss since the onset of the disruptions caused by COVID-19 pandemic. The fallout of the setback would endanger 91,380 jobs and $650 million contribution to […]
