Home » Aviation: IATA’s report on Africa says Nigerian airlines lost $2.09bn revenue in two months

Aviation: IATA’s report on Africa says Nigerian airlines lost $2.09bn revenue in two months

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The International Air Transport Authority ( IATA) has in its recent report on Africa disclosed that Nigerian airlines lost $2.09bn in April and June,2020.Punch reports.

In its report, titled, ‘Quarantine measures threaten aviation restart in Africa and the Middle East,’ IATA noted that aviation was the worst-hit sector in Africa and the Middle East with more than 8.6 million jobs at risk.

According to the report, which did not provide data for May, passenger numbers in Nigeria declined in April and June by 4.7 million and 5.32 million respectively when compared to the corresponding periods in 2019.

It said 125,400 jobs were at risk in April while 139,500 jobs were estimated to be at risk for the month of June.

Muhammad Albakri, IATA’s Regional Vice President for Africa and the Middle East, asked for alternatives to government-imposed quarantine on Africa and Middle East countries as it affected the profitability of the travel and tourism sector.

He said, “It is critical that AME governments implement alternatives to quarantine measures. AME has the highest number of countries in the world with government-imposed quarantine measures on arriving passengers.

“The region is effectively in complete lockdown with the travel and tourism sector shuttered. This is detrimental in a region where 8.6 million people depend on aviation for their livelihoods.”

In another report, IATA said the global passenger demand for air transport fell by 91.3 per cent in June.

It said passenger demand for air travel in May 2020 (measured in revenue passenger kilometres or RPKs) dropped by 91.3 per cent compared to May 2019.

According to the report, this was a little better than the 94 per cent annual decline recorded in April.

The improvement was driven by recovery in some domestic markets, most notably China

Recall that there has been lull in the aviation sector with airlines in Nigeria grounded in the wake of the outbreak of COVID 19.This is coupled with global travel restrictions to forestall international spread of the deadly virus through the air routes.

By Francis Ogwo

Source : punchng.com

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