African Air Traffic Dropped By 66.1% – IATA       The International Air Transport Association has reported a drop in passenger demand in the new year. In a report titled ‘From bad to worse: January passenger demand falls further’, IATA said African airlines’ traffic dropped 66.1 per cent...

Airlines Seek Tax Waiver, Bailout, Others In New Recovery Plan         Worried by the challenges facing global air travel in the COVID-19 era, airlines have drawn up a market stimulation strategy for governments to adopt to enable the industry to recover. The airlines, under the aegis of...

COVID-19: Airlines Face New Threat As Second Wave Spreads       With the rising cases of COVID-19 in Nigeria and other countries, Nigerian airlines are likely to be hard hit again by the impact of the looming second wave on air travel. Aviation experts have expressed worry that...

Air Cargo Traffic Records Slow Growth, Rebound         The International Air Transport Association (IATA) has released October data for global air freight markets showing that air cargo demand continues to improve but at a slower pace than the previous month and remains below previous year levels. Global...

Local Airlines Hike Fares To 100%         One of the most expensive pricing regimes in local airfares may be upon the aviation industry, as ticket rates have more than doubled in a week. The spike, which operators blamed on an exchange rate that hit N500 to $1...

$53m Foreign Airlines’ Funds Trapped In Nigeria - IATA         Foreign airlines trapped funds in Nigeria currently stand at $53 million, according to the International Air Transport Association (IATA). The airlines are unable to repatriate the money which represents proceeds from ticket sales sold in naira due...