IATA Archives - Page 3 of 6

Boeing, Airbus, IATA predict only Africa airline market to grow significantly in 20 years

Posted on June 24, 2025 by Wole Shadare

The potential of the African continent in the area of aviation has made two of the world’s biggest aircraft makers, Boeing and Airbus, to see it as a major area of interest. Major airlines are equally expanding operations, connecting the region in a way never seen in more than 20 years. While home to 18 per cent of the global population, sadly, Africa makes up just two per cent of global air traffic, and two…

IATA: African passengers pay more taxes than base fares, carriers face unique cost challenges

Posted on June 1, 2025June 1, 2025 by Wole Shadare

$100 air ticket carries $60-$70 in charges Continent’s aviation market to hit 345 million in 2043 The International Air Transport Association (IATA) has taken a holistic look at the African aviation market noting that African traffic is projected to reach 345 million in 2043, more than doubling from 2023. IATA’s Vice President for Africa and the Middle East, Kamil Al Awadhi, at a briefing at the ongoing Annual General Meeting (AGM) of the association…

IATA: African airlines record 6.7 per cent year-on-year increase in demand

Posted on April 7, 2025 by Wole Shadare

The International Air Transport Association (IATA) released data for February 2025 global passenger demand for all the regions of the world. According to the statistics, African airlines saw a 6.7% year-on-year increase in demand. Capacity was up 4.0% year-on-year. The load factor rose to 75.3% (+2.0 ppt compared to February 2024). “While traffic growth slowed in February, much of this can be explained by factors including the leap year, and lunar new year falling in January…

Africa’s accident rate rose in 2024 with zero fatality-IATA

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

Delayed, incomplete accident reports deny critical stakeholders safety improvement The International Air Transport Association (IATA) has expressed concern over high accident rates in Africa. This is coming as the industry delivered another year of strong overall performance on safety including showing improvements on the five-year average for several key parameters, but it took a step back from an exceptional performance in 2023. With 10 accidents in 2024, the all-accident rate rose from 8.36 per million…

Slot: Airport capacity crunch threatens air travel freedom, constraints economies, says IATA

Posted on December 18, 2024 by Wole Shadare

The International Air Transport Association (IATA) warned that the airport capacity crunch is threatening the freedom of people to travel, and constraining economies. With little prospect for airport infrastructure to fully keep pace with growing demand, IATA released a White Paper including proposals for how slot regulations must incentivize airports to generate more capacity from existing infrastructure. The number of airports unable to fully meet the demand for air connectivity and requiring slot coordination using the IATA…

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

Posted on December 16, 2024 by Wole Shadare

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 $…

Record 5.2 billion people to take to air travel, airlines’ revenue to hit $1 trillion in 2025-IATA

Posted on December 10, 2024 by Wole Shadare

The International Air Transport Association (IATA) has announced its financial outlook for the global airline industry in 2025, with the group saying that total industry revenues are expected to be $1.007 trillion, representing an increase of 4.4% from 2024. This is the first time according to IATA that the industry revenues top the $1 trillion mark, while expenses are expected to grow by 4.0% to $940 billion. According to a paper presented by the IATA…

IATA: Nigeria maintains clean record, owes no foreign airline

Posted on December 9, 2024December 9, 2024 by Wole Shadare

Blocked airline funds drop to $1.7b Nigeria has continued to retain its clean record by continuously missing from the infamous black book of airlines in which funds were trapped in the country. Since July, no airline has had its funds trapped in Nigeria as over $800 million of airlines’ money trapped had been paid. IATA maintain the position today stressing that nine countries account for 83 per cent of the airline industry’s blocked funds, which…

IATA: Africa improves air safety record amid high taxes, poor infrastructure, others

Posted on November 18, 2024 by Wole Shadare

The Director-General of the International Air Transport Association (IATA), Willie Walsh expressed satisfaction with the progress African airlines have made in safety, stressing that the continent has made significant safety improvements. This is coming as the IATA chief admitted that the continent’s carriers are faced with enormous challenges, including high costs and taxes, jet fuel prices which he said are about the highest in the world, low safety standards and airport infrastructure that needs…

IATA to Offer Digital Currencies in Financial Settlement Systems

Posted on October 29, 2024 by Wole Shadare

The International Air Transport Association (IATA) announced that it will offer digital currencies in the financial settlement systems it operates for the aviation industry. “Digitalization impacts many aspects of our daily lives, including the currency we use. With the increasing use of digital currencies, IATA’s industry financial settlement systems must adapt to support the needs of those using our services,” said Muhammad Albakri, IATA’s Senior Vice President for Financial Settlement and Distribution Services. The first…

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