Africa Archives - Page 6 of 9

African airline cargo demand up 8.5% in 2024, continent accounted for 2% air cargo mkt

Posted on January 29, 2025January 29, 2025 by Wole Shadare

African airlines saw 8.5% year-on-year demand growth for air cargo in 2024 according to the International Air Transport Association (IATA) full-year analysis of the air cargo sector’s performance based on traffic and capacity data captured in each region worldwide. On a year-on-year basis in 2024, African airlines saw 8.5% year-on-year demand growth for air cargo; an increased cargo capacity by 13.6% year-on-year achieving a 41.8% cargo load factor (i.e. less than half of the available…

African airlines’ increase demand rises by 12.4%

Posted on January 9, 2025January 9, 2025 by Wole Shadare

African airlines saw a 12.4% year-on-year increase in demand. Capacity was up 6.0% year-on-year. The load factor rose to 72.9% (+4.1 ppt compared to November 2023) according to the International Air Transport Association (IATA) which released data for November 2024 global passenger demand with the following highlights: Total demand, measured in revenue passenger kilometres (RPK), was up 8.1% compared to November 2023. Total capacity, measured in available seat kilometres (ASK), was up 5.7% year-on-year. The November…

African nations meet to cut high aviation taxes, Gambia, Senegal seal pact on charges

Posted on December 23, 2024December 24, 2024 by Wole Shadare

Poor connectivity, high taxes, obstacles to African aviation growth-Minister Director-General of Civil Aviation Authorities in Africa and policymakers in the continent are tinkering with cutting high aviation taxes and charges as they lamented that high taxes and charges are killing the African travel industry. The Gambian Minister of Transport, Works and Infrastructure, Ebrima Sillah disclosed on Saturday when Overland Airways launched flight services to Banjul, The Gambia with a brand new Embraer E-175 aircraft. He…

African airlines remain financially vulnerable

Posted on December 18, 2024 by Wole Shadare

Despite a recovery in revenue and marginal $0.2 billion profit for African airlines in 2025, there would be no return to profit for the majority of African carriers, writes WOLE SHADARE 2025 financial outlook The financial outlook for 2025 by the International Air Transport Association (IATA), which highlighted that total airline industry revenues are expected to be $1.007 trillion, representing an increase of 4.4% from 2024, is heartwarming and shows the speed at which airlines have recovered…

IATA: African carriers to achieve $0.2 billion profit in 2025

Posted on December 16, 2024 by Wole Shadare

High operational costs, low propensity to travel harm aviation in Africa While the global picture is one of strengthened profitability and a 3.6% net profit margin, the picture in Africa reflects the current environment of sustained demand against high operational costs – including many statutory taxes and charges on air transport –, relatively weak economies and low foreign exchange reserves. However, the International Air Transport Association (IATA) expects that African carriers will achieve $…

How COVID, rising jet fuel cost, economic meltdown tested African carriers’ resilience-AFRAA

Posted on December 2, 2024 by Wole Shadare

Chairman of EgyptAir Holding Company and 2024 President of AFRAA, Yehia Zakaria said at the moment, Africa’s aviation industry finds itself at a crossroads, adding that the challenges the sector in Africa faced in recent years—whether due to global economic shifts, the impact of the pandemic, or rising fuel costs—have tested the operators’ resilience. He disclosed that these challenges also gave them unique opportunities to innovate, collaborate and grow. In a 56th Africa Airlines Association…

IATA: Africa improves air safety record amid high taxes, poor infrastructure, others

Posted on November 18, 2024 by Wole Shadare

The Director-General of the International Air Transport Association (IATA), Willie Walsh expressed satisfaction with the progress African airlines have made in safety, stressing that the continent has made significant safety improvements. This is coming as the IATA chief admitted that the continent’s carriers are faced with enormous challenges, including high costs and taxes, jet fuel prices which he said are about the highest in the world, low safety standards and airport infrastructure that needs…

Ethiopian Airlines takes delivery of Africa’s first A350-1000

Posted on November 5, 2024November 5, 2024 by Wole Shadare

Awaits three others, customers make 1,340 A350-1000 orders Sept 2024 Ethiopia’s national carrier and largest Airbus operator in Africa, Ethiopian Airlines, has taken delivery of its first of four A350-1000s from Airbus in Toulouse, France. The first of its kind to be operated by an African-based operator, the A350-1000 will enable Ethiopian Airlines to enhance its premium service on key destinations including Washington D.C., London, Paris and Frankfurt. To date, Ethiopian Airlines operates…

African airlines demand up by 10.1% in Aug

Posted on October 3, 2024 by Wole Shadare

The International Air Transport Association (IATA) released data for August 2024 global passenger demand with African carriers seeing demands rise by 10.1% year-on-year increase in demand. Capacity was up 7.3% year-on-year. The load factor rose to 77.8% (+2.0ppt compared to August 2023). Total demand, measured in revenue passenger kilometres (RPK), was up 8.6% compared to August 2023. Total capacity, measured in available seat kilometres (ASK), was up 6.5% year-on-year. The August load factor was 86.2%…

Kuku Nominated as Regional Advisor for Africa on ACI

Posted on September 26, 2024September 27, 2024 by Wole Shadare

The Managing Director of the Federal Airports Authority (FAAN) has been nominated to serve as a Regional Advisor representing Africa on the Airport Council International (ACI) World Governing Board. The nomination was ratified on September 20, 2024, during the ACI Africa General Assembly held in South Africa, marking a significant milestone not only for Kuku but for the entire African aviation community. As a Regional Advisor, Olubunmi Kuku will play a pivotal role in shaping…

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