Browsing: African Airlines Association (AFRAA)

$8 billion revenue loss for Africa’s aviation

The aviation industry in Africa is expected to suffer a revenue loss of $8.103 billion this year due to COVID-19, according to a report by the African Airlines Association (AFRAA).

The analysis among the first series of study by AFRAA examining the impact of the COVID-19 pandemic on Africa’s air transport sector.

The African Airlines Association report shows that passenger revenue in the first quarter of this year dropped to $0.403 billion which represents 13.8 per cent year-over-year with more impact seen in Q2 2020 costing $2.740 billion.

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According to the AFRAA analysis, air transport recovery is expected to start from Q3 2020 with domestic operations taking the lead followed by regional and international flights.

For the month of May, the report shows that the aviation industry recorded a 90.3 per cent year on year passenger traffic reduction.

According …