Foreign airlines operating in and out of Nigeria have complained over difficulties in repatriating accumulated funds, now in excess of $143.8 million.
Amid efforts to restart travel operations on several international routes, safety restrictions and quarantine have continued to frustrate recovery with air traffic demand recording another slump.
New data for the global air cargo market has shown a general increase in demand for African airlines among the top gainers. The International Air Transport Association (IATA) cargo market report for April 2021....
The International Air Transport Association (IATA) released March 2021 data for global air cargo markets showing that air cargo demand continued to outperform pre-COVID levels with demand up by 4.4 per cent.
Airlines in Nigeria and other African countries have recorded 73.7 per cent slump in passenger traffic for the month of March 2021. The downturn, though a global trend, is not unconnected with travel restrictions and quarantine in many countries.
Ahead of the summer travel season, international airlines have urged caution against mandatory vaccine passport requirements as a condition of entry into countries.
Passenger traffic demand has declined by 74.7 per cent globally as countries mount various travel restrictions to check coronavirus new variants.