- Airlines across Africa are expected to fly into a combined $500 million loss this year. The loss is, however, an improvement from the combined $800 million loss suffered in 2022.
- African airlines have to navigate several economic, infrastructure, and connectivity challenges.
- Data shows Egypt, Morocco, and Ethiopia carriers have seen an increase in traveler numbers in March 2023.
African airlines are expected to fly into a combined $500 million loss this year. The projected loss is, however, a significant improvement from the $800 million combined loss sustained last year.
According to the International Air Transport Association (IATA), Africa remains a difficult market for airlines.
African Airlines smarting from pandemic
Companies have to navigate several economic, infrastructure, and connectivity challenges. These hurdles continue to significantly impact the industry, which is still smarting from the Covid-19 economic fallout.
Last year was a rough period for African airlines in the skies.…
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The post New forecast expects African airlines to suffer $500M net loss appeared first on The Exchange.