Tags : Airline

Airfares Record 28% Increase In One Year

According to a new report by the National Bureau of Statistics, air transportation fares rose by 28.26 per cent in one year. In a report titled, ‘Transport fare watch (March 2022),’ the NBS said the average fare paid by air passengers for specified routes on a single journey increased by 4.43 percent month-on-month from N44,825.04 […]Read More

Domestic, Int’l Passengers Rise By 44%, hit 15.23million

Nigerian Airports witnessed increased patronage between January and December 2021, as the number of air travelers rose to 15.23 million from 10.55 m recorded in 2020. According to the latest Air Transport Report released by the National Bureau of Statistics, the figure includes domestic and international passengers. This means that air travellers across Nigerian airports […]Read More

Air Passengers Grow By 34% In Africa

The International Air Transport Association says air travel in African countries grew by 34.7 percent in February 2022. The Geneva-based trade association representing over 230 international/global airlines said Africa posted a strong rebound in February 2022 compared to January 2022 while Omicron-related impacts moderated outside of Asia. However, it added that the war in Ukraine […]Read More

Foreign Airlines’ Trapped Funds In Nigeria Hit N117bn

The International Air Transport Association has said that the total foreign airlines’ fund trapped in Nigeria has increased to $283million (about N117.6bn). This is an increase from $147 million (N61 billion) which it recorded in August 2021. Finding showed that the money accumulated from the sale of tickets by about 30 airlines flying to the […]Read More

COVID-19: African Airline To Lose N1.4tn

The International Air Transport Association has said African airlines will see a very slow pace of recovery in financial performance from a $1.9bn loss in 2021 to a $1.5bn loss in 2022. This brings the continent’s total loss in two years to $3.4bn (N1.4tn). According to the Geneva-based airline body, low vaccination rates in Nigeria […]Read More

Global Air Passenger Revenue Drop To 69%

According to the latest data from the International Air Transport Association, the global total industry passenger revenues fell by 69 percent to $189billion in 2020. The revenues fell with accumulated net losses of $126.4billion. The industry statistics show that the number of passengers carried on scheduled services plunged by 65.7 percent, with Africa as the […]Read More

COVID-19: 7 Airlines Got N2.84bn Stimulus Package

A total of N2.84 billion was given to seven airlines by the Federal Government as a stimulus package during the COVID-19. FG said the target of N2.3tn estimated to be spent under the Economic Sustainability Plan had not been achieved. According to a statement issued by the Federal Government, appropriation part of that total, being […]Read More