COVID-19: World Airlines Rally Behind Testing, Financial Support To Save Sector
World airlines have reiterated the urgent need to re-open borders with COVID-19 testing, and further financial support for aviation as the pandemic shutdown of air transport continues.
The airlines, under the aegis of International Air...
IATA Warns Against Looming Bankruptcy For Airlines
The world’s airlines are haemorrhaging at the rate of about $300,000 per minute or $13 billion monthly, which could force large swathes of the industry into bankruptcy within months, the International Air Transport Association (IATA) has warned.
Its Director-General...
COVID-19: Nigeria Missing As Airlines Get $160bn Aids
The International Air Transport Association (IATA) has disclosed that governments around the world provided $160 billion in COVID-19 support, but Nigeria is missing.
The N21bn palliative approved for the industry under the Economic Sustainability Programme is yet to...
Airlines To Lose $77bn In H2 - IATA
Airlines are on the verge of a looming cash crisis; the International Air Transport Association has said.
It warned that the airline industry would lose $77bn in during the second half of 2020 despite the restart of operations,...
COVID-19 Will Dip Africa’s GDP By $37bn - IATA
The International Air Transport Association (IATA) has warned that the damage being done to the African aviation industry and the continent’s economies because of COVID-19 will trigger a dip in the continent’s Gross Domestic Product (GDP)...
Foreign Air Traffic Shows No Signs Of Recovery
About a month after international flight operations resumed in Nigeria and other countries, air traffic is not showing signs of recovery, suggesting global traveller apathy and adverse impact of border restrictions.
In the African region, for instance, African...
