Nigerian airlines lost $ 2.09 billion in two months – IATA

The International Air Transport Association (IATA) said Thursday that airlines in Nigeria suffered a $ 2.09 billion drop in revenue in April and June, while carriers in the country face airspace paralysis and restrictions travel disrupts operations in the global aviation market. of the coronavirus outbreak.

In a report called "Quarantine measures threaten the resumption of aviation in Africa and the Middle East," he said that aviation industry it was most impacted by the economic crisis of all sectors in Africa and the Middle East region.

Advertisement

According to the comment, which did not provide trend data for May, 8.6 million jobs are threatened, while several thousand are already lost.

In Nigeria, passenger traffic fell 4.7 million in April and 5.32 million in June, compared to the same periods in 2019.

125,400 aviation and aviation-supported jobs were threatened in April, while the June figure was higher at 139,500.

Advertisement

IATA regional vice president for Africa and the Middle East, Muhammad Albakri, speaking about the impact of movement restriction measures on the profitability of the aviation and tourism sectors, defended options for the quarantine imposed by the governments of Africa and the Middle East to contain the virus & # 39; propagation.

“It is essential that AME governments implement alternatives to quarantine measures. AME has the largest number of countries in the world with quarantine measures imposed by the government for the arrival of passengers.

Advertisement

Read too: 45% of Nigerian airlines have not yet met the NCAA 5% surcharge – investigation

“The region is effectively in complete block with the closed travel and tourism sector. This is harmful in a region where 8.6 million people depend on aviation for their livelihoods, ”said Albakri.

IATA noted in a separate report that passenger demand for air travel around the world plunged 91.3% in June.

The figure for May this year, as determined by passenger-kilometer revenue, also decreased 91.3% compared to May 2019.

Advertisement

However, it was modestly better than the 94% drop reported in April due to the recovery in several domestic markets in China.

Advertisement

IATA Director General Alexandre de Juniac said that “May was not as terrible as April. It is the best thing that can be said.

“As expected, the first improvements in passenger demand are taking place in domestic markets. International traffic remained largely flat in May.

“We are just at the beginning of a long and difficult recovery. And there is tremendous uncertainty about the impact that a resurgence of new COVID-19 cases in key markets could have ”.

Year after year, passenger demand from Africa for air travel fell by 97.9%.

Latest posts of Ripples Nigeria (see it all)

Join the conversation

Opinions

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *