Cargo To Save Local Airlines Amid Global Slump, Crises   Local airlines have been urged to shift focus to air cargo operations to enhance the chances of survival during the current restriction in passenger services and the difficult recovery that lies ahead. Industry experts said the airlines...

Airlines Projected Revenue Loss Increases To $314bn     The International Air Transport Association says airline passenger revenues drop has risen to $314bn as impact of COVID-19 bites harder. IATA, in its updated analysis on Tuesday, said airlines would record a 55 per cent decline in revenue compared...

African Carriers Record 6.2% Freight Spike Amid Global Slump     Amid the global disruption in air movement, African airlines have sustained a positive air cargo volume and an increase in demand ahead of other regions. The estimate for the month of February – the onset of the...

Covid-19 To Cost Nigeria $760m, 91,380 Aviation Jobs   The impact of coronavirus disease pandemic on aviation countries was again measured yesterday with Nigeria recording one of the largest potential losses in the continent. The temporary restriction of all flights, according to the International Air Transport Association...

Airlines To Burn $61bn Cash Reserve In Q2   Worst-hit by the coronavirus disease pandemic, global airlines have been estimated to burn through $61 billion of their cash reserves during the second quarter ending 30 June 2020. The International Air Transport Association (IATA) in a new analysis...

Airlines Will Post $39bn Loss In Q2 - IATA   The International Air Transport Association says airlines may burn through $61bn of their cash reserves during the second quarter ending 30 June, 2020 while posting a quarterly net loss of $39bn. The association said on Tuesday that...