African airlines continue to pile up losses – Bloomberg ...News

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African airlines continue to pile up losses – Bloomberg
Numbers show the industry’s slump on the continent has lasted more than a decade Airlines in Africa have not made any money for more than a decade, Bloomberg reported on Wednesday. The civil aviation industry on the continent last made profits in 2010, the outlet said, citing data from the International Air Transport Association (IATA) and its own calculations. The report follows the statistics released by the IATA last week, which suggested that African carriers suffered cumulative losses of $3.5 billion in 2020-2022, the era of the COVID-19 pandemic and global travel restrictions. Further losses of $213 million

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