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IATA forecasts $300 mn net loss for African airlines in 2019

PUBLISHED: Thu, 13 Dec 2018 10:54:49 GMT

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African airlines are set to report a $300 million loss in 2019, while globally airlines look set to achieve a decade of profits. This is according to an outlook for the coming year by International Air Transport Association. The Association has released a report with a 2019 outlook of airline industry per region in the world.This outlook makes Africa the weakest region as has been the case over the past four years. Brian Pearce, Chief Economist at International Air Transport Association joins CNBC Africa for more.