IATA Archives - Page 3 of 5

Lagos Aviation Academy Wins Fifth IATA Best Performer Title

Posted on September 5, 2024 by Wole Shadare

Lagos Aviation Academy (LAA), a leading aviation training organisation in Nigeria, is proud to announce that one of its students has emerged as the ‘IATA Best Performer in Nigeria’ in the IATA Foundation in travel and tourism exam for July 2024. This achievement marks the fifth time that the academy has produced the top-performing student, solidifying its position as a centre of excellence in aviation training. Speaking to journalists at the academy’s new location in…

IATA: Africa’s 16.9% air travel demand up 16.9%, tops world’s best load factor

Posted on July 31, 2024July 31, 2024 by Wole Shadare

The demand for air travel in Africa rose by 16.9% in June, while capacity was up 5.8% year-on-year, making the continent’s air travel world’s best-improved load factor according to the International Air Transport Association (IATA) which released data for June 2024 global passenger demand. The load factor rose to 77.0% (+7.4ppt compared to June 2023). This was the largest improvement in load factor among all regions. While total demand, measured in revenue passenger kilometres (RPK), was up 9.1% compared to June…

IT outage: IATA sympathises with travellers over disruption, United issues waiver for travel dates

Posted on July 19, 2024July 19, 2024 by Wole Shadare

The International Air Transport Association (IATA) has expressed its sympathy to travellers who face disruption because of the massive IT outage that has grounded many airlines in the world and impacted business around the globe. IATA in a statement to Aviation Metric said, “Air transport is among the many industries affected by today’s worldwide IT issues with Microsoft and Crowdstrike.” “We sympathize with travellers who face disruption because of these issues which are outside of…

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…

IATA: Nigerian carriers can’t compete with poor infrastructure, high operational costs

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

…Says govt clued, understands value of aviation to growth The International Air Transport Association (IATA) has maintained that Nigeria’s two biggest airports, the Murtala Muhammed Airport, Lagos and the Nnamdi Azikiwe International Airport, Abuja boast the record of aerodromes with the highest cost operation for airlines. The Vice-President IATA for Africa and Middle-East, Kamil Al-Awadhi who spoke to Aviation Metric at the just concluded IATA 80th Annual General Meeting and World Air Transport Summit in Dubai, United Arab Emirates (UAE), said this is made…

How foreign airlines lost over 50% trapped funds to Africa’s currency devaluation

Posted on June 5, 2024 by Wole Shadare

….Continent’s carriers worst hit, says IATA Nigeria and other African countries may have been given a clean bill of health over the payment of foreign airlines’ trapped fund, but the International Air Transport Association (IATA) said only about 50% per cent of the entire value of its fund was lost to the devaluation of currencies of most African nations since 2022 when these funds started piling up. IATA’s Regional Vice-President of Africa and Middle…

Aviation industry revenue to reach historic $996 billion in 2024, says IATA

Posted on June 3, 2024 by Wole Shadare

…Expenses to grow to $936 billion in 2024 Wole Shadare, Dubai Aviation industry revenues are expected to reach a historic high of $996 billion in 2024, just as passenger revenues are expected to reach $744 billion in 2024, up 15.2% from $646 billion in 2023 according to the International Air Transport Association (IATA). It however expressed concern that industry profitability is fragile and could be affected positively or negatively by many factors such as global…

IATA lauds Nigeria for clearing foreign airlines’ over $700 million blocked funds

Posted on June 2, 2024 by Wole Shadare

…$19 million due to CBN on-going verification-Walsh Wole Shadare, Dubai, UAE The International Air Transport Association (IATA) said Nigeria has cleared 98 per cent of foreign airlines’ blocked funds, disclosing that the remaining two per cent of funds amounting to $19 million yet to be cleared is due to the Central Bank’s ongoing verification of outstanding forward claims filed by the commercial banks. It noted that as of April 2024, 98% of these funds have…

IATA: Africa records improved safety record, 2023 best-ever for global aviation

Posted on February 28, 2024 by Wole Shadare

African aviation received a major boost as the continent’s air safety recorded a significant improvement. The International Air Transport Association (IATA) in its 2023 Annual Safety Report for Global Aviation stated that the accident rate improved from 10.88 per million sectors in 2022 to 6.38 in 2023. The continent according to IATA posted a better safety record than the 5-year average of 7.11 with no fatalities, highlighting that Africa has had no passenger jet hull losses or fatal accidents since 2020. The…

NANTA, IATA in talks to stave off showdown over lower fare inventories

Posted on February 6, 2024February 6, 2024 by Wole Shadare

There are indications that foreign airlines operating to Nigeria are considering releasing cheaper ticket inventories following the release of the airlines’ trapped funds by the Central Bank of Nigeria (CBN). A top official of the National Association Nigerian Travel Agency (NANTA) who disclosed this to Aviation Metric said the group has held a strategic meeting with the International Air Transport Association (IATA) with a view to the airlines opening their lower ticket inventory for passengers from Nigeria….

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