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

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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Järvinen: We’re keen to work with Nigerian carriers on regional connectivity

Järvinen: We’re keen to work with Nigerian carriers on regional connectivity

Juha Järvinen is the Chief Commercial Officer at Virgin Atlantic. He leads the Commercial function which includes Airline Commercial with network planning, joint venture with Delta and Air France-KLM, partnerships, and revenue management among other high-profile portfolios. In this interview with WOLE SHADARE, he speaks on the airline’s commitment to Nigeria’s aviation market, Africa as new frontier for airline expansion and growth opportunities and how Nigeria can leverage regional connectivity as one of the best options for…

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Nigeria to shift foreign traffic imbalance to domestic carriers

Nigeria to shift foreign traffic imbalance to domestic carriers

The Minister of Aviation and Aerospace Development, Festus Keyamo said Nigeria is committed to expanding local airline capacity, aiming to shift the air traffic imbalance from foreign carriers to domestic operators. He disclosed this recently at the International Route Development Conference, Network Cargo 2024, in Moscow, Russia. The Minister stated that the nation’s aviation sector has significant untapped potential, which the government is determined to develop. He emphasised that most international traffic originating from Nigeria…

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Nigerian carriers in dire straits

Nigerian carriers in dire straits

Nigerian airlines are in dire straits and need urgent intervention to minimize existential threats they are confronted with, writes, WOLE SHADARE Big market, small size The sheer size of Nigeria’s aviation domestic market still considered one of the biggest if not the biggest in Africa makes one think deeply about the precarious state of the industry in Nigeria. Air transportation, however, has failed to fill this gap and the market remains small by the standard…

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Fleet depletion, capacity cut, poor services put carriers on the brink

Fleet depletion, capacity cut, poor services put carriers on the brink

Airlines have reduced their flight service to many airports, thus selling fewer seats that do not meet the demand of travellers, hence relatively higher prices amid poor services threaten an industry that has potential for growth, writes, WOLE SHADARE Tough times, poor services Nigerian carriers are going through one of their toughest challenges in many years as airlines are grappling to stay afloat. The numbers are drying up. It points to one thing. The carriers are…

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Nigerian carriers faced with huge costs burden, says Nwuba

Nigerian carriers faced with huge costs burden, says Nwuba

President of Aircraft Owners and Pilots Association of Nigeria, Dr Alex Nwuba has taken a deep reflection into the country’s aviation industry and came up with the verdict that the sector is truly challenged. He noted that airlines are faced with huge costs from all service providers and airports are equally faced with what they deem, with many describing it as unnecessary charges. Nwuba who spoke with Aviation Metric on the sidelines of the 28th League of Airports And…

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Restrictive market, bane of African carriers, says Walsh

Restrictive market, bane of African carriers, says Walsh

…”Africa can be exporter of SAF”   The Director-General of the International Air Transport Association (IATA) Willie Walsh has zeroed in on African airlines and insisted that their major single problem is that they operate in very small economies, rather than in Europe where an airline from one country can fly anywhere in the same region. Operating in bigger economies, he reiterated would help the carriers to spread their overhead costs across a much bigger market…

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Interrogating NCAA’s six aircraft policy for start-ups, existing carriers

Interrogating NCAA’s six aircraft policy for start-ups, existing carriers

The new six-aircraft policy of the NCAA for start-ups and existing carriers could set the stage for more problems and erode gains made over the years. Emirates which has over 400 airplanes today started with two airplanes. Ethiopian Airlines which has become a success story in Africa started with just two airplanes to have over 150 aircraft in its fleet. The new policy which is expected to commence in 2025 is anti-aviation development, writes, WOLE…

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