Foreign Airlines Raked In $1.1bn In Nigeria 2022   Foreign airlines operating in Nigeria raked in around $1.1bn in 2022 despite foreign exchange challenges. In a conversation with our correspondent on Monday, the Chairman of the Airlines and Passengers Joint Committee of the International Air Transport Association...

E-payment Transactions Rose By N80bn To N21trn In June       Transactions through electronic payment (e-payment) channels increased by N80 billion to N21.27 trillion in May 2021 against the N21.19 trillion recorded in April 2021. CEO of Financial Derivatives Company, Bismarck Rewane, said this in a report titled:...

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...

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...

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...