Business travel may also face a sustained slump, threatening the profitability of long-haul airlines and routes as corporate clients rein in spending and make greater use of video-conferences that have become the norm during lockdowns.
On the day Kenya Airways announced it was to shed staff, the skies darkened further with the findings of a gloomy International Air Transport Association report on the on the...
The International Air Transport Association is urging governments in Africa and the Middle East to create alternatives to airline arrival quarantine, as this would allow economies to re-start whilst avoiding the risk of increasing Covid-19 cases. Muhammad Albakri, Regional Vice President for Africa and the Middle East at the International Air Transport Association joins CNBC Africa for more.
The International Air Transport Association, IATA, says 2020 will be the worst year for airlines as the industry is expected to post an $84.3 billion net loss. In Africa, IATA notes that the region was the weakest pre-COVID-19 crisis and that the pandemic has added to an already challenging operating environment. Adefunke Adeyemi, Regional Director, Advocacy and Strategic Relations for Africa at IATA joins CNBC Africa to discuss what the future holds for Africa’s air transport.
Covid-19 has clipped the wings of the global aviation industry with Comair the latest airline to announce that it would enter business rescue. International aviation and tourism bodies are now calling for urgent relief of $10 billion as well as other support measures to revive Africa’s travel and tourism sector and prevent millions from losing their jobs. The International Air Transport Association (IATA) Director General, Alexandre de Juniac joins CNBC Africa for more.
IATA has estimated that the African Aviation Industry will lose more than $4 billion as a result of the COVID-19 pandemic – now with only Ethiopian Airlines posting profits in recent times on the continent, many of the industry players were in survival mode even before this pandemic. However, can they live to see past this black swan? Secretary General of the African Airlines Association (AFRAA), Abderahmane Berthé joins CNBC Africa for more.
The latest data from the International Air Transport Association has shown that despite the coronavirus spread hitting the airline industry globally; Africa recorded a 5.3 per cent rise in demand for passenger Air transport in January 2020. Joining CNBC Africa for more on the global impact of the coronavirus on the airline industries is Brian Pearce, Chief Economist at the International Air Transport Association.
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.
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