Tag: IATA

IATA clarifies int’l airfares in Nigeria

IATA clarifies int’l airfares in Nigeria   The global trade association of airlines : International Air Transport Association (IATA), yesterday offered clarifications on the effect of fluctuating exchange rate on international flight tickets sold in Nigeria.   The global body said air fares are not determined by it , but[Read More…]

International airlines eye $803bn revenue, 4.5 billion passengers

International airlines eye $803bn revenue, 4.5 billion passengers The International Air Transport Association announced an expected strengthening of airline industry profitability in an upgrade of its outlook for 2023. According to the Director-General, IATA, Willie Walsh, airline industry net profits are expected to reach $9.8bn in 2023. This represents over[Read More…]

African airlines Lost $3.5bn in three years – IATA

The International Air Transport Association (IATA) has said that African carriers suffered cumulative losses of $3.5 billion for 2020-2022. In a released statement by IATA said the association estimated further losses of $213 million in 2023 alone. However, in a bid to strengthen aviation’s contribution to Africa’s economic, social development[Read More…]