Report: Despite traffic boom, airport profits thin

Report: Despite traffic boom, airport profits thin

 Global passenger traffic has rebounded sharply, yet the airport business model that has sustained decades of predictable growth is under strain. According to Acuracy’s white paper, “What does the future hold for airports?”, airport revenues in 2023 remained 12% below 2019 levels even though traffic was only 5% lower. The disconnect exposes structural shifts reshaping how airports create value. The report argues that airports are moving away from a volume-driven infrastructure model towards integrated platforms that…

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Rivers Helicopter Crash: FG To Release Report In 30 Days

Rivers Helicopter Crash: FG To Release Report In 30 Days

The Federal Government through the Ministry of Aviation has said the preliminary report on the helicopter crash will be published within 30 days on the Nigerian Safety Investigation Bureau (NSIB) website. The Minister of Aviation and Aerospace Development, Festus Keyamo made this announcement while speaking at a press conference held at the Ministry’s headquarters in Abuja on Wednesday. The Minister, while speaking with newsmen provided an update on the investigation, emphasising the government’s commitment to…

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NCAA to begin weekly report on airlines as delays, cancellations, others surge

NCAA to begin weekly report on airlines as delays, cancellations, others surge

70% delays caused by airlines, 30% to forces beyond carriers-Aligbe   As flight delays and cancellations are continuing to surge in Nigeria, the Minister of Aviation and Aerospace Development, Festus Keyamo has directed the Nigeria Civil Aviation Authority (NCAA) to begin the weekly compilation and publication of all airlines engaged in a menace that is fast taking the joy out of air travel. A visibly angry Keyamo who spoke at the aviation stakeholders’ forum at…

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