African Airlines Archives - Page 2 of 3

IATA: African airlines must overcome high costs, taxation, decrepit infrastructure, others, profit razor-thin

Posted on July 2, 2024July 2, 2024 by Wole Shadare

Carriers struggle with losses, challenges surmountable The International Air Transport Association (IATA) said the African airline sector must overcome many challenges, not least of which are infrastructure deficiencies, high costs, onerous taxation, and the failure to broadly implement a continent-wide multilateral traffic rights regime. IATA is excited about the continent’s airlines making a collective profit but the bad news is that it is razor-thin and well below the global benchmark with many individual…

Tasew: No conducive environment for African airlines to flourish

Posted on June 10, 2024June 10, 2024 by Wole Shadare

Mesfin Tasew is the Group Managing Director of Africa’s most successful airline, Ethiopian Airlines. He has continued the tradition of past MDs of the airline to maintain a strong financial position with over 148 aircraft. In this interview with WOLE SHADARE in Addis Ababa, Ethiopia at the recently concluded MRO Africa speaks about the carrier’s giant strides, its partnership with other African carriers, its investment in airport infrastructure and how Nigerian airlines can get out…

MRO: Assessing African airlines’ maintenance paradox

Posted on April 30, 2024 by Wole Shadare

MRO in Africa is locked in a chicken-and-egg paradox. African airlines often lack the scale needed to invest in new MRO capabilities. This means they must look further afield for MRO services, needing substantial time and cost and reducing their ability to grow. WOLE SHADARE who was at the MRO Africa summit in Addis Ababa, Ethiopia writes on the challenges the continent’s carriers are faced with Potential Africa has the greatest potential for growth in the aviation…

Tasew: Why African airlines are not flourishing, defends JVs with carriers, nations

Posted on April 24, 2024April 24, 2024 by Wole Shadare

…Jet fuel hike, taxes, Forex scarcity, poor infrastructure frustrate carriers Wole Shadare, Addis Ababa, Ethiopia The Group Managing Director of Ethiopian Airlines, Mesfin Tasew has attributed the precarious situation of many airlines in Africa to the lack of a conducive environment for the continent’s carriers to flourish. Tasew at a panel discussion moderated by the convener of the summit and the Chief Executive Officer of African Aviation Services Limited, Mr. Nick Fadugba at the…

African airlines’ cargo volume up by 17%

Posted on March 5, 2024 by Wole Shadare

The International Air Transport Association (IATA) has released data for January 2024 global air cargo markets indicating a strong start to 2024. During the month in review, African airlines saw their air cargo volumes increase by 17.0% with much improved compared to December’s performance (-1.2%). African airlines benefitted from strong growth on the Africa-Asia trade lane with capacity was 19.4% above January 2023 levels and accounting for 2% of total global air cargo traffic. Total demand, measured…

African airlines to airlift 98 million passengers in 2024-AFRAA

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

Somalia takes back control of airspace from Kenya Zambia aims new approach to modernise cargo processing The African Airlines Association (AFRAA), the umbrella body for many of the continent’s airlines has estimated that the continent’s airlines will carry around 98million passengers in 2024. The group in its January 2024 performance updates made available to Aviation Metric noted that since November 2023, traffic carried by African airlines exceeded the 2019 level, stressing that…

Aviation revenue to hit $964 billion, African airlines to post $0.5b losses in 2024

Posted on December 6, 2023December 6, 2023 by Wole Shadare

Infrastructure, connectivity impact region’s industry performance Wole Shadare, Geneva, Switzerland Having recovered from the 2020 Covid pandemic that did incalculable damage to the global aviation industry, industry revenues are expected to reach a historic high of $964 billion according to the International Air Transport Association (IATA). While other regions in the world are expected to post profits in 2024, African carriers are expected to generate losses in both 2023 and 2024. The continent according to…

Demand for air cargo for African airlines up 2.9%, says IATA

Posted on December 5, 2023 by Wole Shadare

African airlines saw their air cargo volumes increase by 2.9% in October 2023, much improved compared to September’s performance (-0.1%). Carriers in the region benefitted from the strongest annual growth since May (+16.7%). Capacity was 9.8% above the October 2022 levels. This is contained in the International Air Transport Association (IATA) released data for October 2023 global air cargo markets indicating the third consecutive month of stronger year-on-year demand. Global demand, measured in cargo tonne-kilometres (CTKs*),…

African airlines worry over rising jet fuel prices, high fares

Posted on November 29, 2023November 29, 2023 by Wole Shadare

The African Airlines Association (AFRAA), the umbrella body representing many of the continent’s airlines jet fuel prices are rising, reaching $123.46 as of the end of October 2023. This trend of high fuel costs according to the body impacts fares and hinders air transport affordability for African citizens. AFRAA stated this at its Annual General Meeting (AGM) in Kampala, Uganda at the weekend. Mr. Abdérahmane Berthé, AFRAA Secretary General, expressed the commitment and determination of AFRAA…

Sustainable Aviation Fuel – Concern For African Airlines

Posted on October 31, 2023 by Wole Shadare

African carriers are focused on survivability and ensuring economic sustainability before they can focus on the environmental aspects. WOLE SHADARE takes a look at how Africa has been left behind with the introduction of Sustainable Aviation Fuel (SAF) to cut carbon emission Africa left behind African airlines are concerned they may be left behind in the race to secure enough sustainable aviation fuel (SAF) to help achieve carbon neutrality by 2050. Latin American airlines are equally concerned. Across Europe, fuel…

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