Tag
IATA
The cost of air travel for Nigerians continues to surge, with average ticket prices witnessing a significant 34.06% increase over the past year.
Travel Agents have warned about the likely cases of airfare fluctuations in light of Exchange Rate Unification
Foreign airlines' trapped funds in Nigeria has risen to $818.2 million, the highest of such record in the entire world.
The International Air Transport Association (IATA) has said that the amount of foreign airlines funds trapped in Nigeria currently stands at $743.7 million.
The situation in the travel industry is getting dire for travel agents
IATA has revealed that the revenue belonging to foreign airlines in Nigeria that is been withheld from repatriation as of July 2022 is the sum of $464 million.
War in Ukraine, interest rate hikes, and COVID-19 are the three major factors affecting airlines in Nigeria and globally in 2022.
African airlines are expected to lose about $700 million in 2022, as their demand is expected to reach 72% of pre-COVID level.
The International Air Transport Association (IATA) says African airlines’ traffic rose to 116.2 per cent in April 2022
Air travel in Nigeria and other African countries grew by 34.7% in February 2022.
The International Air Transport Association (IATA) has asked governments to follow the advice of the World Health Organization...
The International Air Transport Association (IATA) has warned that the imposition of travel bans by governments, against the...