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Browsing: IATA Africa Aviation Review
- Africa’s aviation industry lost a whopping $9 billion between 2019 and 2020.
- The Covid-19 pandemic shook the industry to the core, removing chronically inefficient but large commercial airline businesses from circulation in some countries.
- According to the World Travel and Tourism Council, the rate of commercial air transport increased by at least 23 percent in 2022 and is expected to jump by 9.5 percent this year.
At the height of the Covid-19 pandemic, a number of African economies saw their airlines fly into near collapse even as others reduced their dependence on it to power certain segments of their economies. In many countries, policymakers picked up hard lessons on how some economies heavily relied on the aviation industry to source income for other sectors such as tourism.
Africa’s aviation industry experienced phenomenal passengers and freight traffic growth of between 45 percent and 80 percent from 2010-2015, giving a ray of …
