African carriers’ low penetration creates space for foreign airlines’

African carriers’ low penetration creates space for foreign airlines’

Despite the presence of foreign airlines, the African market still offers substantial growth potential. This is particularly true for airlines looking to expand their reach and offer more options travelling to and from the continent, writes WOLE SHADARE Foreign airlines are increasingly viewing the African aviation market as a lucrative opportunity. While European and Middle Eastern carriers have a strong presence, airlines from around the globe are recognising the potential for growth in the region….

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Beyond the ‘disputed’ traffic figure

Beyond the ‘disputed’ traffic figure

Data and statistics are crucial for gauging airline performance as they provide insights into key areas like operational efficiency, customer satisfaction, and financial health, enabling airlines to make informed decisions and improve their services. Recent data/statistics said to emanate from the Nigeria Civil Aviation Authority (NCAA) has generated controversy from airlines that based their misgivings solely on the omission of certain number of flights done without reflecting accurately on their in-house figure. Simply put, a…

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ICAO projects 2% traffic increase for Q1 2024

ICAO projects 2% traffic increase for Q1 2024

The global aviation regulatory body, the International Civil Aviation Organisation (ICAO) has projected a 2 per cent increase in passenger traffic in the first quarter of 2024 compared to 2019, nothing that carriers would maintain profitability. The group noted that demand this year is expected to rise by 3-4%, reflecting a Compound Annual Growth Rate (CAGR) of 0.5% since 2019. ICAO credits Member States’ alignment with its pandemic guidance for air service recovery, nothing that…

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Airlines, agencies, others jostle for ‘meagre’ 20 million yearly traffic

Airlines, agencies, others jostle for ‘meagre’ 20 million yearly traffic

Figure underscores aviation in Nigeria as small, weak Economy responsible for low travel propensity   Nigeria’s annual passenger traffic which oscillates between 18 and 20 million underscores how small, weak and fragmented the country’s aviation is currently. This story is a paradox of sorts, given that the geography, as well as the demographic profile in Nigeria, favours air travel. This huge gap is further made worse by the recent hike in fares by airlines who…

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