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...
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...
