International Airlines to Generate $803bn Revenue, 4.5bn Passengers in 2023 The International Air Transport Association announced an expected strengthening of airline industry profitability in an upgrade of its outlook for 2023. According to the Director-General, IATA, Willie Walsh, airline industry net profits are expected to reach...

Airlines Reduce Flights By 60% Days After Presidential/NASS Elections   As the Presidential election results collation continues amidst tension across the country, airlines operating domestic operations have continued to carry out skeletal operations over shortage of passengers. Checks at the Murtala Muhammed Airport, Ikeja Lagos yesterday showed...

In 2022, Airlines Spend $192bn on Jet-A1 The Nigerian aviation sector has spent $192bn in 2022 on aviation fuel alone, a report by Philips Consulting Limited said. According to the report titled, ‘Nigeria’s Aviation Industry Customer Satisfactory Survey Report 2022’, obtained by The punch, in the...

CBN Set to Save Aviation Sector, Releases $265 Million to Airlines In a move to check a brewing crisis in the country’s aviation sector, the Central Bank of Nigeria (CBN) on Friday, August 26, 2022, released the sum of $265 million to airlines operating in...

No Plan To Sell Tickets In Dollars Says NANTA President Travel agents under National Association of Nigeria Travel Agencies, (NANTA) have denied plans to sell air tickets in dollars due to FX scarcity and airlines inability to repatriate their earnings. Following recent information on ticket sales...

Senate Proposes Airlines’ Bailout As Operators Insist On Flights Suspension   The Senate Committee on Aviation, on Tuesday, met the Airline Operators of Nigeria over the threat by domestic airlines to suspend flight operations nationwide from Thursday due to high cost of Jet A1, also known...