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Global airlines to cut losses in 2022, return to profitability in 2023

Posted on June 20, 2022 by Wole Shadare

The International Air Transport Association (IATA) has narrowed down its estimate for global airlines’ losses in 2022 to $9.7 billion, predicting a possible return to profitability by 2023 as efficiency gains and improving yield offset higher labour and fuel costs, according to its annual estimates. The estimates were released Monday at the annual general meeting of the global industry body. The two-day event is being held in Doha, Qatar. Airlines lost $137.7 billion in 2020….

Held airlines’ $450 million not acceptable, IATA tells Nigeria

Posted on June 19, 2022June 19, 2022 by Wole Shadare

Carriers double fares over blocked fund Country tops four others in trapped funds The International Air Transport Association (IATA) has described as unacceptable the withholding of international airlines’ funds to $450 million. The amount is more than four other African nations put together. Other nations keeping airlines’ funds are Zimbabwe ($100 million); Algeria ($96 million); Ethiopia ($75 million). The funds are proceeds from sales of foreign airlines’ tickets, among others that are…

Qatar Airways reports $1.54 billion net profit, highest in its history

Posted on June 17, 2022 by Wole Shadare

Despite the pandemic-driven challenges, Qatar Airways expanded its network to 140 destinations with new routes and resumed flights to key destinations in Europe, Africa, the Middle East, and Asia. The Qatari flag carrier, Qatar Airways Group reported on Friday the highest net profit in its 25-year history, with $1.54 billion (QAR5.6 billion) registered during the fiscal year 2021-2022. Record growth The results mark a 200% upsurge above the airline’s highest annual profit, with a…

Kenya Airways Scales Up Customer Experience Through New Distribution Solution

Posted on June 17, 2022 by Wole Shadare

Kenya’s national carrier, Kenya Airways (KQ), has announced the launch of a New Distribution Capabilities (NDC) system as part of its indirect sales platform to enhance the airline’s offering to travel agencies and travelers to empower them to sell and access more content and ancillaries like extra baggage and preferred seats. Kenya Airways is the first African carrier to launch the New Distribution Capabilities (NDC) solution retailing at scale in the region. Supported…

How to become professional cabin crew book for launch June 17th

Posted on June 16, 2022June 16, 2022 by Wole Shadare

The founder of Mamaj Aviation Consult Limited, Joy Ogbebo will be launching her first book, “ How to Become a Professional Cabin Crew on Friday, June 17, 2022, at the Nigerian Civil Aviation Authority’s annex at MMIA. According to her, what inspired her to write the book is her passion and mission to groom the next skilled generation of Aviation professionals. Although she has created different platforms to achieve this, like the annual Aviation…

Child drug, sexual abuse worry South African Airways, sponsors essay competition

Posted on June 16, 2022June 16, 2022 by Wole Shadare

South Africa Airways (SAA) in conjunction with Travel & Business News has announced the commencement of entries for the 3rd South African Airways Essay Competition (SAAEC 2022). The competition, which is presently open to secondary school students of all ages, is aimed at entrenching the values of patriotism, love for humanity, selflessness, tolerance, and honesty in the lives of young Nigerians; as well as exposing them to the life and legacy of Nelson Mandela, as…

Thirty-three passengers unhurt as Overland plane grounds to a halt at Lagos airport

Posted on June 16, 2022June 16, 2022 by Wole Shadare

Thirty-three passengers onboard Overland Airways’ flight landed safely following a fire incident that started from one of the engines of the airplane. The incident occurred at about 8 pm on Wednesday when the aircraft from Ilorin to Lagos experienced a high turbine temperature on one of its engines but landed safely with all 33 passengers unhurt. The incident according to the airline occurred in the approach phase of the flight, stating that the crew…

SITA: Airlines scale passenger operations as traffic numbers surge

Posted on June 16, 2022 by Wole Shadare

SITA has announced the launch of SITA Flex-as-a-Service a next-generation “beyond common-use” platform that allows airlines to provide a completely mobile experience to passengers while enabling the flexibility to rapidly respond to passengers’ changing needs. With passenger numbers ramping up sharply in many parts of the world, airlines and airports have been hard-pressed to respond quickly. SITA Flex APIs will enable airlines to create new and bespoke passenger processing features and streamline their app development process, allowing…

Experts at FAAN summit raise concern over Jet A1 fuel contamination claims

Posted on June 16, 2022 by Wole Shadare

Operators differ on modalities to check fuel quality Iyayi urges authority’s focus on the ‘Business Triangle’ Stakeholders have expressed divergent views on the quality of aviation fuel sold in the country. They were of the view that trucking of Jet A1 from the depots to the airports has been reported to have led to the contamination of the commodity; a situation they said erodes air safety. The pipeline meant to transport aviation fuel…

Three airlines risk extinction in few weeks- Operators

Posted on June 15, 2022 by Wole Shadare

AON lament high charges, taxes The combination of the high cost of aviation fuel otherwise known as Jet A1, over 37 charges by various agencies in the aviation industry, scarcity of foreign exchange, and the harsh operating environment could lead to the collapse of three Nigerian airlines in the next few weeks according to the chairman of Air Peace, Mr. Allen Onyema. Onyema however did not disclose the name of the three carriers…

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