Costs

IATA raises alarm as airline payment processing costs surge to $24.5 billion

Posted on by Wole Shadare
IATA raises alarm as airline payment processing costs surge to $24.5 billion

  The International Air Transport Association (IATA) has sounded the alarm about rising payment processing costs, revealing that airlines worldwide spent $24.5 billion to process $1.05 trillion in travel sales in 2025. According to fresh data from the clearing house for over 300 global airlines, payment processing costs jumped 10.4% from 2023, far outpacing the 7.7% growth in overall travel sales over the same period, which rose from $977 billion. The figures underscore a stark…

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Africa’s high operational costs cause of low propensity to spend on air travel

Posted on by Wole Shadare
Africa’s high operational costs cause of low propensity to spend on air travel

…Air connectivity hiccups dampen aviation expansion   The International Air Transport Association (IATA) has described Africa as a continent with a high operational cost base and a low propensity to spend on air travel. The clearing house for over 300 global airlines in its region-by-region roundup of airlines profitability outlook for 2024 said in 2024, all regions are expected to generate profits for a second year in a row with the most significant increase being for Asia-Pacific…

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