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Bleak 2019 for Nigeria, African carriers as IATA forecast $300M loss
* IATA cautions on airport privatization/concession Wole Shadare (Geneva, Switzerland) The International Air Transport Association (IATA) yesterday in faraway Geneva, Switzerland forecast a very bleak 2019 for Nigeria and African airlines, saying that the continent’s carriers are expected to report a $300 million net loss in 2019 (slightly improved from the $400 million net loss in 2018). Ironically, while African airlines are expected to lose $300 million in 2019, other region’ carriers’ in North America,…
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