Business Archives - Page 7 of 102

Boeing delivered 600 planes in 2025

Posted on January 20, 2026January 20, 2026 by Wole Shadare

Aircraft maker Boeing indeed hit a significant milestone in 2025, delivering 600 commercial aircraft. This represented a 72% increase over its 2024 performance and marked the company’s highest annual output since 2018. While Boeing trailed its European rival Airbus in total deliveries (793 planes), it successfully outpaced Airbus in net orders for the first time in seven years, securing 1,173 net orders compared to Airbus’s 889. The majority of Boeing’s deliveries were driven by the…

Delta generated $63 billion revenue in 2025, $5.8 billion operating income

Posted on January 15, 2026 by Wole Shadare

Delta Air Lines concluded 2025 (its Centennial year) with record-breaking revenue and strong cash flow, primarily driven by a surge in demand for premium travel and a highly successful loyalty partnership with American Express. For the December quarter, Delta recorded $16.0 billion in operating revenue, delivering an operating income of $1.5 billion and an operating margin of 9.2%. Earnings per share for the quarter came in at $1.86, supported by healthy demand across premium, international…

Carriers refund N1B to passengers late 2025 as NCAA fumes over 5% TSC, CSC non-remittances

Posted on January 14, 2026January 14, 2026 by Wole Shadare

There are indications that passengers who were victims of poor airline service were refunded approximately ₦1,038,505,680.80 by the Nigeria Civil Aviation Authority (NCAA) in late 2025. The record shows that more than 5,285 passengers received payments during this window. The 2025 refund volume was the highest in the NCAA’s 25-year history. This milestone was largely attributed to a significant shift in regulatory enforcement and improved airline compliance. The refunds were issued due to flight disruptions, including…

Qatar becomes first carrier to enable B787-8 with Starlink

Posted on January 8, 2026January 8, 2026 by Wole Shadare

Qatar Airways has launched the world’s first Starlink-equipped Boeing 787 and completed Airbus A350 Starlink rollout, connecting over 11 million passengers with the fastest Wi-Fi in the sky. The carrier has now officially become the first airline in the world to equip and certify the Boeing 787-8 Dreamliner with Starlink. The airline set an unprecedented pace for fleet upgrades, completing massive installations in record time. Three Dreamliners are already operational with Starlink, and the carrier…

Airfares: Stakeholders decry opaque ticket structure, seek transparency

Posted on January 6, 2026January 6, 2026 by Wole Shadare

In early 2026, the debate surrounding domestic airfares in Nigeria intensified, with travel agencies, regulators, and lawmakers demanding clarity and transparency. The discussion centres on whether record-high ticket prices—ranging from ₦400,000 to ₦650,000 for one-way domestic flights—are driven by legitimate operational costs or by arbitrary profiteering. A primary point of contention is the breakdown of ticket costs. While airline operators often cite multiple taxes as the reason for high prices, industry experts have challenged…

NAMA says navigational aids serviceable, periodically maintained

Posted on December 30, 2025 by Wole Shadare

The Nigerian Airspace Management Agency (NAMA) has dismissed claims that its navigational aids are unfit or poorly maintained for Harmattan operations. The agency, in a statement by the Director of Public Affairs and Consumer Protection, Dr Abdullahi Musa, disclosed that all navigational aids at all Federal Government airports are routinely maintained, flight-checked and calibrated in strict compliance with International Civil Aviation Organisation (ICAO)Standards and Recommended Practices (SARPs) and the Nigerian Civil Aviation Regulations (Nig CARs)….

Overland recommences flights to Ibadan airport

Posted on December 20, 2025 by Wole Shadare

Nigerian carrier Overland Airways has resumed flights from Samuel Ladoke Akintola International Airport in Ibadan to Nnamdi Azikiwe International Airport in Abuja. Effective December 23, 2025, Overland Airways will commence three weekly services from Ibadan to Abuja on Tuesdays, Thursdays and Saturdays. Flights will depart Abuja for Ibadan at 10:30 am and Ibadan for Abuja at 12:00 pm. Chief Operating Officer of Overland Airways, Mrs Aderonke Emmanuel-James, said, “As the pioneer airline on the Ibadan route,…

Airline industry on verge of historic $1trn revenue

Posted on December 16, 2025 by Wole Shadare

The latest data from IATA show that the global aviation industry is set to achieve over one trillion US dollars in annual revenue for the first time, with forecasts indicating continued growth in the coming years. According to a report by Simple Flying. Com, industry data also show that different regions will grow at a considerable rate in the coming years, as airlines continue to experience record-high load factors and fleet utilisation, and are expected…

IATA: Africa most expensive region for airline operations in the world

Posted on December 15, 2025December 15, 2025 by Wole Shadare

..Jet fuel, taxes, others, reasons for the high cost of doing business in Africa ..Carriers operate on razor-thin net profit margin of 1.3%—the lowest globally The International Air Transport Association (IATA) has listed jet fuel at 17%, taxes and fees at between 12 and 15%, air navigation charges at 10%, maintenance, insurance and capital at 6-10%, blocked funds at $954 million and high ticket prices as the reasons the cost of doing business in Africa…

IATA: Ten African nations, excluding Nigeria responsible for 89% of blocked funds

Posted on December 10, 2025December 10, 2025 by Wole Shadare

The International Air Transport Association (IATA) said that 10 countries across Africa, the Middle East, and South Asia account for 89% of the total blocked funds, totalling $1.08 billion. Nigeria’s name was removed from the list after the Nigerian government repatriated over $700 million in trapped funds last year, restoring the country’s reputation in the global aviation industry. The clearing house for more than 300 global airlines said that $1.2 billion in airline funds are…

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