International Airfares Rise As Naira Crashes On IATA Platform     The lingering shortage of foreign exchange in Nigeria has forced the naira to crash against the United States dollar on the air ticket pricing template of the International Air Transport Association, the Switzerland-based trade body representing...

Nigeria Tops Chart As 11 African Countries Block Airlines’ $700m Revenue   Nigeria and 10 other African countries have stopped foreign airlines from repatriating ticket sales proceeds estimated at $700m to their various head offices in overseas, the International Air Transport Association has said. The Regional Vice...

IATA Forecasts $201bn 2020-2022 Losses For Airlines           The International Air Transport Association (IATA) yesterday released its latest outlook for the airline industry’s financial performance showing improved results amid the continuing COVID-19 crisis. Net industry losses are expected to reduce to $11.6 billion in 2022 after a...

Airlines Suffer 28.5% Decline In Domestic Aircraft Movement         The harmonised domestic aircraft movement in Nigeria slumped by 28.5 per cent in 2020, the latest data from the Nigerian Civil Aviation Authority have shown. Data obtained from the NCAA, the air industry apex regulator, show that there...

African airlines’ traffic Down by 78.3% in April –IATA The International Air Transport Association (IATA) has announced that domestic travel demand improved in April 2021 compared to the prior month, although it remained well below pre-pandemic levels, while recovery in international passenger travel continued to...

March Domestic Demand Recorded Upsurge - IATA         The International Air Transport Association (IATA) has announced that passenger traffic rose in March 2021 compared with February 2021. However, total demand for air travel in March 2021 (measured in revenue passenger kilometers or RPKs) was down 67.2 per...