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Booming demand lifts African airlines back to profit for second straight year

Booming demand lifts African airlines back to profit for second straight year

AFRICAN airlines have returned to profit on booming demand which will further shore up their earnings in 2024, according to the International Air Transport Association. Profit per passenger is expected to be nearly double the 2023 figure. However, the projected US$100 million profit, equating to 90 cents per passenger, is in stark contrast to the global average of US$6.14, underscoring the tenuous nature of this rebound, according to the trade association of the world's airlines. Kamil Alawadhi, IATA’s Regional Vice President for Africa and the Middle East, emphasized the dual nature of this financial outlook. “Africa’s airlines are making a…
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African airlines headed for 100 million passengers milestone

African airlines headed for 100 million passengers milestone

AFRICAN airlines are likely to cross the 100 million passengers mark for the first time in 2025, on the back of an aggressive push to open new routes and increased frequencies by local carriers. The African Airlines Association (AFRAA) projects the passenger numbers will reach 98 million by the close of the year 2024 - a 15% rise compared to 2023 figures and more than the highest-ever figure of 95 million, recorded in 2019, before the COVID-19 pandemic. “Despite ongoing post-pandemic hurdles, the airline sector sustained its recovery momentum this year, witnessing a resurgence in passenger demand…signifying a strong recovery…
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African airline traffic grows at second-fastest rate in the world, behind only Asia

African airline traffic grows at second-fastest rate in the world, behind only Asia

AGGRESSIVE post-pandemic strategies by African airlines helped to grow their traffic faster than almost all other regional peers in 2023, according to newly released data. An aggressive resumption of old routes, coupled with the opening of new ones and a growing transition from narrow to wide-body planes by most flag carriers, pushed African airlines' annual traffic growth to 38.7% in 2023, compared to 2022. As a result, African carriers ranked second ahead of the Middle East (33.3%) Latin America ( 28.6%), North America (28.3%) and Europe (22%), according to data released by the International Air Transport Association (IATA). Only Asia-Pacific…
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Domestic Travel Boom: African airlines prepare for traffic surge

Domestic Travel Boom: African airlines prepare for traffic surge

OVER the next two decades, Africa’s jet fleet is projected to more than double to 1,550 aircraft - when Africa’s population is forecast to hit 2.17 billion, surpassing those of America, India and China combined, according to data from the International Air Transport Association. The growth will come on the back of significant growth in airline passenger numbers. IATA shows major airline markets in Africa had already outperformed their 2019 levels in terms of origin-destination (O-D) air passenger traffic by Q2 of 2023, thanks largely to domestic market recovery and outperformance. Nigeria recorded the highest growth in passenger numbers, adding…
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Air travel rebound: International tourists trooping back to Africa

Air travel rebound: International tourists trooping back to Africa

THE return of Chinese tourists to Africa and a full resumption of operations on international routes by African airlines are the latest indicators of a rebounding tourism industry, badly hit by the COVID-19 pandemic two years ago. China has picked three African countries- Egypt, Kenya and South Africa - among 20 across the globe for piloting outbound group tours, nearly a month after lifting travel restrictions. According to a ministerial notice published on January 20, Chinese travel companies will be allowed to provide travellers with airline and hotel packages to selected countries starting February 6. "From now on, travel agencies…
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A new era is reshaping African air travel

A new era is reshaping African air travel

CONRAD ONYANGO, BIRD STORY AGENCY THE launch of a portal to share route traffic data, including on underserved markets, connections and partnership opportunities, is the latest attempt by African airlines to shore up intra- Africa air travel numbers. The route intelligence portal launched this October by the African Airlines Association (AFRAA) to give its 44 operator members access to Africa-specific data and analysis, is seen helping airlines develop more robust post-COVID recovery plans. The portal "will facilitate data-driven decision-making on connectivity opportunities, passenger/cargo capacity, and route profitability to effectively meet the needs of the growing African aviation market,” said AFRAA…
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