Pandemic shaves $10b off African airlines’ revenue: AFRAA
African carriers lost $10.2b in passenger revenues last year as a result of the Covid-19 pandemic, and will continue to lose money in 2021, according to a report published by airline association AFRAA. The association estimates that carriers in Africa will lose another $8.35b in passenger revenues this year. While the crisis has had a “devastating impact” on airlines around the world, for African carriers – which were already in a “precarious” financial position – the impact has been “even greater”, says AFRAA. The number of passengers carried by Africa’s airlines is estimated to have dropped 63.7% to 34.7m in 2020, compared with 2019. Domestic flights accounted for 43% of passengers in Africa last year, followed by intercontinental at 38%, and intra-African services at 19%, says AFRAA. Northern Africa was the leading region in terms of passenger numbers last year, accounting for 36.6% of the continent’s traffic. The pandemic led to a 61% reduction in traffic from this region, says AFRAA. In southern Africa, traffic in 2020 fell 63.6%, compared with the previous year. Johannesburg and Cairo were the busiest airports in Africa during 2020, according to the report.<br/>
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Pandemic shaves $10b off African airlines’ revenue: AFRAA
African carriers lost $10.2b in passenger revenues last year as a result of the Covid-19 pandemic, and will continue to lose money in 2021, according to a report published by airline association AFRAA. The association estimates that carriers in Africa will lose another $8.35b in passenger revenues this year. While the crisis has had a “devastating impact” on airlines around the world, for African carriers – which were already in a “precarious” financial position – the impact has been “even greater”, says AFRAA. The number of passengers carried by Africa’s airlines is estimated to have dropped 63.7% to 34.7m in 2020, compared with 2019. Domestic flights accounted for 43% of passengers in Africa last year, followed by intercontinental at 38%, and intra-African services at 19%, says AFRAA. Northern Africa was the leading region in terms of passenger numbers last year, accounting for 36.6% of the continent’s traffic. The pandemic led to a 61% reduction in traffic from this region, says AFRAA. In southern Africa, traffic in 2020 fell 63.6%, compared with the previous year. Johannesburg and Cairo were the busiest airports in Africa during 2020, according to the report.<br/>
