Demand For Air Cargo Transport Slowed In May - IATA   The International Air Transport Association has stated that the demand for air cargo transport in Africa slowed in May 2022 as against the previous year. An IATA report revealed that the slowdown experienced by African airlines...

Foreign Airlines Express Worry As FG Blocks $450m Ticket Revenue   The International Air Transport Association (IATA) has expressed concern over the decision by the Federal Government of Nigeria to block foreign airlines from repatriating ticket sales revenue running to $450m (N188.6bn) into their respective countries. IATA,...

Nigeria Foreign Airlines’ Trap Funds International Air Transport Association (IATA) statistics show that the total amount of foreign airlines' funds trapped in Nigeria has doubled from $147 million (N61 billion) in August 2021 to $283 million (about N117.6 billion) as at now. In line with the...

African Airlines’ Passenger Traffic Crashes By 65% - IATA   The International Air Transport Association says African airlines’ passenger traffic has fallen by 65% due to the increasing impact of the Omicron variant of Covid-19. A new report by IATA, the global airline body, said traffic in...

Aviation Fuel Price Rises By 70%   The International Air Transport Association has said the price of jet fuel has continued to increase in recent weeks, with its price increasing by 70 per cent since the start of 2021. According to IATA, the Switzerland-based trade organisation representing...

Despite Global Rebound, Air Travel Demand Drops By 62.25%   African airlines have recorded a 62.2 per cent decline in passenger traffic demand despite a moderate improvement globally. The International Air Transport Association (IATA), yesterday, announced a moderate rebound in air travel in September 2021 compared to...