Traffic Archives - Aviation metric

ICAO projects 2% traffic increase for Q1 2024

Posted on April 7, 2024April 7, 2024 by Wole Shadare

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…

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

Posted on January 8, 2024 by Wole Shadare

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…