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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 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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Here are Africa’s top outdoor destinations

Here are Africa’s top outdoor destinations

CONRAD ONYANGO AIRLINE passenger traffic in and out of Africa has seen the slowest growth of all regions this year but four destinations in Africa are pulling way above their weight, as efforts to get air traffic back on its feet gain momentum. The International Air Transport Association (IATA) expects traffic on the continent to reach 76 percent of pre-crisis levels in 2022, which is substantially below a projected global average of 83 percent, due to slow progress vaccinating the population, compounded by the negative impacts of the pandemic on developing economies. IATA’s Director General Willie Walsh, however, said people…
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World must prevent repeat of Belarus incident, airlines chief says

World must prevent repeat of Belarus incident, airlines chief says

THE head of a group representing most global airlines welcomed an international investigation into the forced landing of a Ryanair jetliner in Belarus and said the world must ensure such incidents never happen again. "That sort of behaviour is completely unacceptable and must be strongly condemned. We must have measures to ensure that can't happen again," Willie Walsh, director-general of the International Air Transport Association, told Reuters. The United Nations' International Civil Aviation Organization (ICAO) agreed on Thursday to investigate the forced grounding. Belarus has said it was responding to a bomb threat. Walsh said evidence suggested the threat had…
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