• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, June 24, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

IATA: Africa’s Aviation Sector To Lose $700m This Year

by Yusuf Babalola
3 years ago
in Business
IATA
Share on WhatsAppShare on FacebookShare on XTelegram

The International Air Transport Association (IATA) says Africa’s aviation sector could lose about $0.7 billion in 2022 due to slow COVID-19 vaccination rates.

Advertisement

The association disclosed this in a short video on its social media page.

It said lower vaccination rates slowed Africa’s air travel recovery, but some “catching up” could happen this year.

“In Africa, the financial performance of carriers has been upgraded,” IATA said.

“As the pace of aviation recovery quickens, carriers in the region are expected to post net losses of $0.7 billion in 2022, from $1.1 billion in 2021.

RELATED

Customs CAC Seeks Collaboration, Stronger Partnership With Media

Customs CAC Seeks Collaboration, Stronger Partnership With Media

5 hours ago
1,500 Delta Residents Benefit From Navy Free Medical Services

‘Shipbuilding: Nigeria Not Ready For Industrialisation’

5 hours ago

“Lower vaccination rates have dampened the region’s air travel recovery to date. Some catching up is likely this year. This will contribute to improved financial performance.

“In 2022, demand revenue passenger kilometres (RPKs) in Africa is expected to reach 72 per cent of pre-crisis (2019) with capacity reaching 75.2 per cent.”

Meanwhile, the aviation sector in the region recorded a rise in traffic in May, according to a report released by the association last week.

The report said African airlines had a 134.9 percent rise in May RPKs, a metric used in measuring the traffic, versus a year ago.

According to the report, the capacity for May 2022 was up 78.5 percent, and load factor climbed 16.4 percentage points to 68.4 percent, the lowest among regions.

Willie Walsh, IATA’s director-general, advised governments to work more closely with operators.

“In the longer term, governments must improve their understanding of how aviation operates and work more closely with airports and airlines,” Walsh said.

“Having created so much uncertainty with knee-jerk COVID-19 policy flip-flops and avoiding most opportunities to work in unison based on global standards, their actions did little to enable a smooth ramping-up of activity.

“And it is unacceptable that the industry is now facing a potential punitive regulatory deluge as several governments fill their post-COVID-19 regulatory calendars.

“Aviation has delivered its best when governments and industry work together to agree and implement global standards.”

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


SendShareTweetShare
Previous Post

Buhari Congratulates BUA Chairman On Reappointment As President, France-Nigeria Business Council

Next Post

ExxonMobil Assets: Seplat Hopeful Of Acquisition Despite Court Orders

Yusuf Babalola

Yusuf Babalola

You May Like

Customs CAC Seeks Collaboration, Stronger Partnership With Media
Business

Customs CAC Seeks Collaboration, Stronger Partnership With Media

2025/06/24
1,500 Delta Residents Benefit From Navy Free Medical Services
Business

‘Shipbuilding: Nigeria Not Ready For Industrialisation’

2025/06/24
Lawmakers, Marítime Workers Kick Over NPA’s 50% Federation Account Remittances
Business

NPA Promotes 1,500 Staff, Says Human Capital Strategic To Sustaining Superior Performance

2025/06/24
Lagos To Introduce Electric Boats  – LASWA
Business

Lagos To Introduce Electric Boats – LASWA

2025/06/24
JUST-IN: Aviation Minister Sacks All FAAN, NAMA, NCAA, NSIB, NiMET Directors
Business

Airline Operators Laud Keyamo For Growth Of Indigenous Airlines

2025/06/24
Bear Resurfaces As Equities Investors Lose N639bn
Business

Stock Market Off To Positive Start With N278bn Gain

2025/06/24
Leadership Conference advertisement

LATEST

Akwa Ibom Gov’t Clamps Down On Quacks, Fake Drugs Peddlers

Israel Accuses Iran Of Violating Ceasefire, Orders Strikes On Tehran

10 Die In Ibadan-Lagos Road Accident

Amotekun Arrests Killer Of Ondo APC Chairman, Parades 31 Other Criminals

Adeleke, IGP Harp On Collaboration For School Safety

Criminologists Push For Correctional Service Reformation In Nigeria

Drugs Responsible For New Waves Of Insecurity In Nigeria – NDLEA

IGP Okays Review Of Police Training Curriculum To Produce Competent Officers

Citizenship Media Begins Daily, Weekend, Online Operations

Cross River State Ranks 4th In 2024 NECO Exams – Education Commissioner

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.