Aviation

United Airlines (UAL) has reported fourth-quarter and full-year 2023 financial results, with profit margin for investors. The company delivered full-year diluted earnings per share of $7.89 and adjusted full-year...

The Nigerian Meteorological Agency (NiMet) has signed a memorandum of understanding with a weather intelligence company, Tomorrow.io to enhance digital weather and climate intelligence. The MoU with the leading weather intelligence company based in the US city of Boston will see NiMet and the firm collaborate on a whole range of areas including commercializing weather…

The Nigerian-British Chamber of Commerce (NBCC) has said that projections for Nigeria’s output growth are estimated to be between 2.6 per cent to 3.1 per cent Gross Domestic Product (GDP), while the global environment is expected to remain fragile over the next 12 months.

Sequel to the last intervention by the Central Bank of Nigeria (CBN), foreign airlines and travel agencies have made a fresh appeal for a structured plan to fully defray $751 million outstanding stuck fund in Nigeria.

The International Air Transport Association (IATA) has released data for global air cargo markets indicating the strongest year-on-year growth in roughly two years.

Aviation Safety Round Table Initiative (ASRTI), a think-tank group of the local air transport sector, has called for a review of the Nigerian Civil Aviation Regulations (NCARs) to separate low-cost airlines from other scheduled carriers.

Aviation workers have called for the exemption of agencies from the Treasury Single Account (TSA) policy and attendant remittance of 40 per cent of earnings to the Federation Account.

Revenue projection for the global air transport sector in 2024 has shown a mixed fortune for regions, with African carriers estimated to record loss amid 2.7 per cent net profit margin for others.

If 2022 was bad in numbers, 2023 turned out worse, shattering all economic projections in aviation. And for all the beautiful business plans airlines brought onboard, no operator could have seen the headwinds ahead.

The Vice President Africa, Qatar Airways, Hendrik du Preez, has disclosed that Africa’s share in the global travel demographics stands at only two per cent, despite the continent is roughly 17 per cent of the world’s population.

Minister of Aviation and Aerospace, Festus Keyamo said he would not relent on a plan to concession the five international airports, including Lagos, Abuja, Kano, Port Harcourt and Enugu.

Airfare hurdles await domestic travellers this festive season as local airlines have again doubled airfares on high-traffic seasonal routes.