Global Airlines To Lose $47.7bn In 2021 - IATA       Global airlines regulator – International Air Transport Association (IATA), has projected a $47.7 billion net airlines industry loss for 2021. The projected loss however represents an improvement on the estimated $126.4 billion net loss in 2020. Director General,...

Airlines May Lose $47.7bn In 2021 — IATA     The International Air Transport Association (IATA) yesterday revised its airline economic performance forecast for the year 2021 putting net post-tax losses forecast at $47.7 billion in 2021 as against a $38 billion projected in December. “Financial performance will...

Forex Scarcity Cripples Local Airlines, Spike Airfares     The foreign exchange (FX) liquidity crisis is eating deeper into the daily operations of the local airlines, causing airlines’ capacity to dwindle and hitting up airfares. The Economic Confidential, yesterday, learned that operators in the aviation sector have not...

African Airlines’ Traffic Declined By 68% In February     African airlines’ traffic reduced by 68 per cent in February compared to the figure obtained in February 2019, the International Air Transport Association (IATA) has said. The development was a setback compared to a 66.1% decline recorded in...

COVID-19: $601m Airlines’ Revenue Blocked In 17 African Countries       The International Air Transport Association (IATA) has expressed worry over the trapping of $601 million airlines’revenue blocked in 17 African countries since the onset of COVID -19 over a year ago. Blocked funds are owed to airlines...

Nigeria Loses 20% Passenger Traffic Over Emirates, Etihad Exit       The suspension of Emirates Airlines and Etihad’s withdrawal from Nigerian airspace has cost the country, at least, a 20 per cent decline in international passenger traffic. The Economic Confidential learned that the decline was a major setback...