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African Airlines Tipped to Close Year at U.S.$500 Million Loss

The International Air Transport Association says lower fuel prices will help airlines to post results that are U.S.$200 million better than 2015.

Africa: African Airlines Tipped to Close Year At $500 Million Net Loss

East African, 3 June 2016

The International Air Transport Association (IATA) projects that African airlines will close the year at an improved net loss position of $500 million, offering hope for struggling… Read more »

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Nigeria: Airlines to Earn U.S.$39.4 Billion in 2016, Africa Carriers to Lose U.S.$0.5 Billion

This Day, 3 June 2016

The outgoing Director General and Chief Executive Officer of the International Air Transport Association (IATA), Tony Tyler, has announced that member airlines would earn about… Read more »
Nigeria: Foreign Airlines' Trapped Funds Hit U.S.$591 Million

Daily Trust, 2 June 2016

From $575m in March, funds belonging to foreign airlines which are trapped in Nigeria have increased to $591million, the International Air Transport Association (IATA) disclosed… Read more »
Nigeria: High Tariffs, Taxes Killing African Airlines

This Day, 27 May 2016

Aviation experts argue that most airlines in Nigeria and indeed Africa are insolvent but for a few airlines like Ethiopian Airlines and Royal Air Maroc. Read more »
Nigeria: Forex Scarcity - U.S.$575 Million Airlines Ticket Revenue Trapped

Daily Trust, 24 May 2016

As the crisis surrounding access to foreign exchange exacerbates, foreign airlines operating in Nigeria have in excess $575 million, as at the end of March 2016, stocked at the… Read more »
Nigeria: IATA Confirms U.S.$575 Million Foreign Airline Revenue Trapped in CBN

This Day, 24 May 2016

The International Air Travel Association (IATA) has confirmed that $575 million in revenue generated by foreign airlines in the country was trapped in the Central Bank of Nigeria… Read more »
Africa: Air Traffic Up 11 Percent for African Airlines

Business Day, 8 May 2016

African airlines continued to enjoy strong demand, with traffic up 11.2% compared to March 2015. Read more »
Ghana: African Airlines' Passenger Demand Up 12 Percent

Business Day, 10 March 2016

African airlines saw January traffic jump 12.1% compared to January 2015, according to latest data released by the International Air Transport Association (IATA). Read more »

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African Airlines Tipped to Close Year at U.S.$500 Million Loss

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African Airlines Tipped to Close Year at U.S.$500 Million Loss

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