Rising Passenger Traffic Drags Air Cargo Demand Lower
Global air cargo demand suffered a setback in March 2026, falling by 4.8 per cent year-on-year, even as passenger traffic continued its upward climb with a 2.1 per cent increase over the same period. This is according...
The International Air Transport Association (IATA) yesterday reported that $1.3 billion in airline funds are blocked from repatriation by governments as of end of April 2025.
Finally, Nigeria Out of List as IATA Reports $1.7bn Blocked Funds
For the first time in recent years, Nigeria is out of the list of countries with a significant amount of airlines’ blocked funds as the International Air Transport Association (IATA) report indicated.
Yesterday, the association...
CBN Pays Off $831m Foreign Airlines’ Trapped Funds – IATA
The International Air Transport Association (IATA) has confirmed that the Central Bank of Nigeria has cleared foreign airlines trapped funds worth $831m from June last year to date.
The Geneva, Switzerland-based IATA said the development had...
IATA Cautions FG as Airlines Trapped Funds Rises to $802m
The International Air Transport Association latest report has revealed that the total amount of foreign airlines’ trapped funds in Nigeria has risen to $802m and warned the Nigerian government that the situation could hamper air...
Air Travel Increased By 68% In August – IATA
The International Air Transport Association (IATA) has said that air traffic increased 67.7 per cent in August 2022, when compared to what was recorded in the same month in 2021.
IATA also stated in its air traffic...
