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Airline industry moves to cut losses by $79bn in 2021

88m jobs at risk Slow vaccination in Africa limits travel The International Air Transport Association (IATA) has estimated that the airline industry is expected to lose $47.7 billion in 2021 (net profit margin of -10.4%), adding that this is an improvement on the estimated net industry loss of $126.4 billion in 2020 (net profit margin […]

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Aviation: Airline operator advocates merger among local carriers

Following the impact of COVID-19, rising ticket prices and increased competition, airlines have been asked to synergise their operations in a bid to cut cost without compromising passenger experience. The Chairman of startup United Nigeria Airlines, Chief Obiora Okonkwo, made the call, saying it was the surest way of cutting cost of operations by remaining […]

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New airlines face survival challenges in 2021

The second wave of Coronavirus (COVID-19) could make return to profitability by airlines, especially in Nigeria, ex-tremely difficult. New start-up like Cally Air, an airline to be financed by the Cross Rivers State Government, United Nigeria Airlines and Green Africa Airlines may not solve the problem of the sector. Cally Air is a proposed Nigerian […]

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COVID-19: Airlines lament low patronage

Some airlines in the country operating at Nnamdi Azikiwe International Airport (NAIA), Abuja, have expressed dissatisfaction over low passengers’ patronage since reopening after the COVID-19-induced lockdown. During separate interviews with the News Agency of Nigeria (NAN), yesterday in Abuja, the airlines said the ratio of passengers at present compared with previous years had drastically reduced […]

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AIB begins Middle East, Turkish airlines’ collision probe

The Accident Investigation Bureau (AIB) said it has commenced investigation into a serious incident involving an Airbus A330-243 with the registration marks ODMEA operated by Middle East Airline and a Boeing 777 with registration marks TC-LJC operated by Turkish Airline. The incident occurred on Wednesday, July 29 at the Murtala Muhammed International Airport, Lagos. Spokesman […]

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