Business

    Delta SkyMiles Medallion Members will enjoy the same loyalty benefits throughout 2021 as they have in 2020. The 12-month Status extension is part of Delta’s work to offer greater flexibility as coronavirus impacts travel plans, so customers can rest assured their Status will be there when they’re ready to fly. “On behalf of all of us at Delta, I want to thank our customers for your continued loyalty during these unprecedented times. While…

  Full year passenger revenue to drop by $252b The International Air Transport Association (IATA) today painted a grim picture of what global airlines are exposed to occasioned by the ravaging CoronaVirus pandemic that has grounded airlines around the world. Travel and tourism is essentially shut down in an extraordinary and unprecedented situation. The new IATA analysis shows that airlines may burn through $61 billion of their cash reserves during the second quarter ending 30…

  The global airline industry is expected to face its worst crisis ever as the coronavirus pandemic is crippling economic activities across the world, WOLE Shadare writes Facing greatest risks The coronavirus pandemic will bankrupt almost all of the world’s airlines in a matter of weeks, Australian aviation experts said. With passengers scrambling to cancel their flights and carriers grounding their services, airline analysis and consulting firm, CAPA Centre for Aviation, warned most airlines worldwide would be…

  Faced with these growing restrictions on the possibility of travelling and a strong downward trend in demand which has resulted in a drop in traffic and sales over the last few weeks, the Air France-KLM said it has been forced to reduce capacity scheduled to last for two months. As a result of the reduction in capacity, Air France disclosed that it had concluded time to ground its entire Airbus 380 fleet and KLM…

  The International Air Transport Association says the virus outbreak that began in China could cost airlines as much as $113 billion in lost revenue due to the collapse of air travel. Representatives of the airline industry group said Thursday after a working meeting in Singapore that the industry urgently needs help from governments in waiving some requirements, taxes and fees to alleviate the burden on struggling carriers. “The industry remains very fragile,” Brian Pearce, the IATA’s chief economist, told…

  Plans by three domestic airlines to start operations second quarter of this year may change the travel dynamics in the country’s aviation industry and may have expand choices of air travellers. The airlines that have signified their interest to begin for which they have gotten to an advanced stage of Air Operator Certificates (AOC) are United Nigeria Airlines, Green Africa Airways and Value Jet. Cumulatively, scheduled airlines in Nigeria, which currently have little over…

  This Valentine’s Day British Airways is making it easier to experience the romance of Paris, spring a surprise getaway to the Eternal City or hold hands watching a special screening of Pretty Woman at the Rivoli Ballroom in London. From 12 until 16 February the airline is offering Valentine’s fares starting from US$659 return from Abuja and US$809 from Lagos to London and Europe. For those who want to make their Valentine’s getaway a…

    Competition beckons amid glut     A start-up airline, Green Africa Airways that has concluded plans to begin domestic and international routes has signed a Memorandum of Understanding (MoU) for 50 A220-300 aircraft with aircraft giant, Airbus. Each of the state-of-the-art airplane cost $81 million. .   This is coming as the country country may witness very stiff competition in the airline industry as five new airlines are set to debut. It is…