Forex Scarcity: Airlines Worried As Operational Cost Rises       There is no end in sight to the operational challenges confronting domestic airlines following the seemingly unending naira depreciation and scarcity of foreign exchange. With one dollar exchanging for N502 at the parallel market as at yesterday, operators...

Airlines May Lose $47.7bn In 2021 — IATA     The International Air Transport Association (IATA) yesterday revised its airline economic performance forecast for the year 2021 putting net post-tax losses forecast at $47.7 billion in 2021 as against a $38 billion projected in December. “Financial performance will...

COVID-19: $601m Airlines’ Revenue Blocked In 17 African Countries       The International Air Transport Association (IATA) has expressed worry over the trapping of $601 million airlines’revenue blocked in 17 African countries since the onset of COVID -19 over a year ago. Blocked funds are owed to airlines...

Forex Scarcity Hampering Airlines’ Operations - Onyema       Air Peace has said that it placed a firm order of Boeing 737 Max, which recently was recertified to resume operations. Chairman and Chief Executive Officer of the airline, Allen Onyema who said this in a statement titled ‘Air...

Airlines Record $152m Revenue In Ticket Sales Q1, 2020         Travel agents under the aegis of the National Association of Nigeria Travel Agencies said revenue in ticket sales for the first quarter of 2020 was impressive. President of NANTA, Susan Akporiaye, said the agents recorded $152.45m for...

Airlines To Reduce Fares Following VAT Removal         Airlines are planning to reduce fares in response to the removal of 7.5 per cent Value Added Tax (VAT). The suspension of VAT from air fares took effect from January 1, 2021, as part of incentives contained in...