Louis Ibah The International Air Transport Association (IATA) in its Global Economic Outlook for 2019 forecasts the global airline industry net profit to be $35.5 billion in 2019. This was as it forecast foresees African carriers recording a net loss of $300 million this year. Director General and CEO of IATA, Mr. Alexandre de Juniac, […]
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Alexandre de Juniac
High taxes, poor airport infrastructure stifling growth of local airlines –IATA
Louis Ibah The International Air Transport Association (IATA) is demanding that Nigeria alongside other Africa states take steps to reduce cost of doing business in its aviation sector if it hopes to unlock dormant potential in the sector for national growth and prosperity. Director General/CEO of IATA, Mr. Alexandre de Juniac who addressed African aviation […]
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IATA forecast $300m loss for African carriers in 2019
The International Air Transport Association (IATA) has forecast bleak outing for Nigeria and African airlines in 2019 affirming that the continent’s carriers are expected to report a $300 million net loss . The projected loss is a slight improvement of $400 million net loss recorded in 2018. Director-General of IATA, Alexandre de Juniac made theRead More …
Africa airlines post 6.0% rise in passenger traffic –IATA
The International Air Transport Association (IATA) yesterday, announced that global passenger traffic results for September 2018 show that demand (measured in revenue passenger kilometers, or RPKs) rose 5.5 per cent compared to the same month in 2017. IATA however described the figure as a slowdown from the 6.4 per cent growth recorded in August year-over-year. […]
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IATA: Foreign airlines have recovered their $600m stuck in Nigeria
The International Air Transport Association (IATA) says Nigeria has repatriated the $600 million belonging to international airlines that were trapped in the country due to foreign exchange shortages. Alexandre de The post IATA: Foreign airlines have recovered their $600m stuck in Nigeria appeared first on TheCable.