Airlines Archives - Page 5 of 8

Sosina: Airports, airlines reaping liberalization benefits

Posted on March 17, 2025 by Wole Shadare

A former Secretary-General of African Civil Aviation Commission (AFCAC), Iyabo Sosina said the Single Africa Air Transport Market (SAATM) otherwise known as Africa’s version of the United States ‘Open Skies policy has helped the continent to increase capacity and flight services in the continent. Describing it as a win-win for as many countries in Africa that has adopted the air transport policy, Sosina said, “If you are actually going to look at the passenger figures…

Jibodu: Why airlines can’t breakeven

Posted on February 26, 2025February 26, 2025 by Wole Shadare

…Urges carriers to embrace dry-lease option The Chief Operating Officer of Bi-Courtney Aviation Services Limited, operator of Murtala Muhammed Airport (MMA2), Remi Jibodu said it is practically impossible for airlines to break-even because of high Banks’ interest rates and other challenges that the carriers are faced with. He reiterated that the high interest rates of about 30 percent from financial institutions coupled with inflation standing at 27.4 per cent makes it extremely difficult for…

Okonkwo: Multiple charges, airlines’ albatross

Posted on February 12, 2025February 12, 2025 by Wole Shadare

…says forex policy, Cape Town conventions has imparted operations positivel Founder of United Nigeria Airlines, Professor Obiora Okonkwo on Wednesday said multiple charges by government agencies in the country’s aviation sector remains domestic operators’ nightmare and called on the federal government to urgently address the challenge. He however said the forex policy of President Bola Ahmed Tinubu has been of tremendous advantage to the airline industry and provided some relief adding also that the…

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…

Aligbe: Nigeria big enough to harness global air travel potential

Posted on January 15, 2025January 15, 2025 by Wole Shadare

The Chief Executive of Belujane Konsult, Mr Chris Aligbe, said Nigeria is big enough to have three big and formidable airlines that can be either privately owned or government-backed carriers to harness air travel potentials for the country. He noted that the country needs a national flag carrier to strengthen Lagos or Abuja as a hub, stressing that no private airlines have ever built a hub. Aligbe He cited countries in Africa like Ethiopian Airlines,…

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…

Irate passengers turn violent, NCAA holds emergency meeting with airlines today

Posted on December 27, 2024December 27, 2024 by Wole Shadare

…NCAA seeks reports to ascertain carriers’ weather excuses The swift intervention of the Nigeria Civil Aviation Authority (NCAA) has averted what could have resulted in ugly situations at many of the country’s busy airports as airlines have engaged in flight delays and cancellations, leaving many passengers from reuniting with their loved ones. While the carriers have attributed this ugly scenario to bad weather, others who are knowledgeable about domestic airline business have linked the problem…

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…

Airlines, ground handling firms rumble amid justification for hike in charges, fares

Posted on December 17, 2024December 17, 2024 by Wole Shadare

The Federal Government’s decision to devalue its currency has had a very serious impact on not only the entire economy but has also significantly damaged the entire aviation value chain. The two most noticeable areas that costs have been felt most are fare pricing and the 300% increase in the ground handling charges by the Nigerian Aviation Ground Handling Company Plc and the Skyway Aviation Handling Company Plc; the two firms that have become duopoly…

Minister: Bill to make govt officials, contractors fly only Nigerian airlines underway

Posted on December 13, 2024December 13, 2024 by Wole Shadare

Minister of Aviation and Aerospace Development Mr Festus Keyamo, on Friday vowed that the Fly Nigeria Act will see the light of the day and come to fruition under his tenure. The Minister lamented that the document which is expected to make it mandatory for government financed air transportation of government personnel, contractors, grantees and properties to be carried by a Nigeria Air Flag Carriers has yet to materialize more than 15 years when it…

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