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Q2 2024: United Airlines rakes in $1.7b pre-tax earning

Posted on July 18, 2024 by Wole Shadare

United Airlines (UAL) has reported second-quarter 2024 financial results. The company had pre-tax earnings of $1.7 billion, with a pre-tax margin of 11.6%; adjusted pre-tax earnings1 The company also achieved diluted earnings per share of $3.96; and adjusted diluted earnings per share1 of $4.14, in line with second-quarter 2024 guidance provided at the start of the quarter. The company continues to expect full-year 2024 adjusted diluted earnings per share2 of $9 to $11. For nearly two years, the airline has been anticipating…

Nigeria’s $72.1 billion trumps SA’s $447 million trade volume, simplifies visa processes

Posted on July 18, 2024July 18, 2024 by Wole Shadare

South Africa has simplified visa processes for Nigerians wishing to visit the country by cutting visa application delays and the former policy that keeps applicants’ travel passports for more than six months before approval or rejection. The new arrangement for visa application and collection is now seven days with the option for applicants to only attach the photocopies of their travel passports to their applications and travel to other destinations while waiting for a call…

Forex scarcity:Ethiopian Airlines mandates dollar-only ticket purchases

Posted on July 17, 2024 by Wole Shadare

Due to the excruciating shortage of Foreign Exchange that has hit Ethiopia for more than one year, the country’s national carrier, Ethiopian Airlines has announced that airline tickets for passengers outside the country will now only be available for purchase in US dollars. Previously, air transport tickets for international travellers could be bought using Birr, Ethiopia’s currency if they come to Addis Ababa. The implication is that the situation could impact the carrier and once again…

Meke: Monopoly and Nigeria’s valued travel options

Posted on July 16, 2024 by Wole Shadare

What exactly does a frequent flyer look out for while planning a trip? Safety, timeliness onboard comfort, (clean cabin), cheerful crew, and friendliness and most critical front desk staff. I will possibly say that the friendliness or otherwise of the front desk ticketing staff, like a mirror, may reveal the entire service ecosystem of an airline, hotel, or any recreational service provider. Since I am used to sharing my experience. Also, a self-appointed service policeman,…

Fleet depletion, capacity cut, reduced travel put airline business on edge

Posted on July 16, 2024 by Wole Shadare

The vacuum created by the temporary absence of some carriers has created capacity issues for other operators, writes, WOLE SHADARE Scaling down While airlines are scaling up and acquiring aircraft by way of expansion, the country’s airline industry has taken a hit; no thanks to the downturn in the economy and the purchasing power of many Nigerians. Gone are the days when the middle-income earners could afford to engage in luxury and by extension see air…

Alleged new A330 jet for Nigeria’s President sighted in France

Posted on July 15, 2024July 15, 2024 by Wole Shadare

Plans by the Federal Government to purchase a foreclosed A330 from a German bank have reached an advanced stage as the aircraft may have been assigned a tail registration that also bears the seal of the President of the Federal Republic of Nigeria, Empowered Newswire reports. Informed sources from international aviation firms and news sites also indicate that as of early afternoon Nigerian time on July 15, 2024, the plane has been flown from Germany…

Reprieve as UAE lifts visa ban on Nigerians two years after

Posted on July 15, 2024July 15, 2024 by Wole Shadare

Reprieve came for many Nigerians as the Federal Government disclosed that the United Arab Emirates (UAE) has lifted the Visa ban placed on its citizens travelling to UAE. Minister of Information and National Orientation Alhaji Mohammed Idris announced while briefing State House Correspondents at Monday’s end of the Federal Executive Council (FEC) meeting. “You are aware that Nigeria has been discussing with the United Arab Emirates on the issue of Visa for Nigerian passport holders going…

AFRAA: Africa’s aviation continues upward swing despite hurdles

Posted on July 12, 2024July 12, 2024 by Wole Shadare

Nigeria launches e-visa system, streamlines application policy 2020 The African Airlines Association (AFRAA) said in the second quarter of 2024, the aviation industry continued to grow despite navigating various challenges and opportunities, including tough economic times. Notwithstanding all these hurdles, it said carriers continued to sustain their recovery, driven by a continued increase in passenger demand. Regarding seat availability in Global Africa, there was a notable 6% increase from 15 million seats in…

Minister, Chief of Air Staff, Farouk meet Spanish firm to enhance Nigeria’s airspace surveillance security

Posted on July 12, 2024 by Wole Shadare

In line with President Bola Ahmed Tinubu’s directive for advancing air safety and security in Nigeria, a high-powered Nigerian delegation is currently in Spain for crucial discussions on airspace advancements. The delegation includes the Minister of Aviation and Aerospace Development, Festus Keyamo; Minister of Defence, Mohammed Badaru Abubakar; Chief of Air Staff, Air Marshal Hassan Bala Abubakar; and the Managing Director of the Nigerian Airspace Management Agency (NAMA), Engr. Farouk Ahmed Umar. A statement by…

Opinion: Investment key to future growth for global, African aviation

Posted on July 12, 2024 by Wole Shadare

The aviation sector’s recovery from COVID-19 has been remarkable, with revenue passenger kilometres (RPKs) and available seat kilometres (ASKs) reaching close to pre-pandemic levels, according to the International Air Transport Association (IATA). In the fourth quarter of 2023, traffic was at 98.2% of pre-pandemic numbers. Additionally, the sector is expected to experience record fleet and maintenance, repair, and overhaul (MRO) growth this year. Oliver Wyman’s latest Global Fleet and MRO Market Forecast predicts that the number…

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