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