Last week, IATA offered a positive profitability outlook for African carriers amidst new ministerial appointments in aviation. Ethiopian Airlines and Jambojet launched new routes, while a pioneering female pilot made history as West Africa’s first B737 MAX pilot. Dive deeper into these developments in our latest article on African aviation.
Introduction.
Johannesburg, South Africa, hosted the IATA Wings of Change Focus Africa (WOCFA) from July 2-3. This dynamic event brought together industry leaders, operators, regulators, and subject matter experts to discuss the pressing challenges and exciting opportunities in the air transport sector. Participants engaged in vibrant discussions aimed at formulating strategies to harness air transport as a catalyst for economic and social development across the African region. A significant highlight of the event was the collective call for countries to accelerate the development and production of Sustainable Aviation Fuel (SAF), underscoring a commitment to sustainable growth in the industry.
African Aviation: Projections and Statistics.
Africa’s airlines are projected to earn a collective net profit of $100 million in 2024, marking their second consecutive year of profitability. However, this translates to just 90 cents per passenger—significantly below the global average of $6.14. The financial landscape varies widely across the continent, with many independent airlines still grappling with losses. International Air Transport Association (IATA) anticipates a robust demand for travel in Africa but stresses the need to address infrastructural deficiencies, high costs, and onerous taxation to unlock the continent’s full potential.
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