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Coronavirus wipes $70bn off global listed airlines

Coronavirus wipes $70bn off global listed airlines

The rapid spread of coronavirus has wiped almost a third or 70 billion dollars – off the world’s top 20 listed airlines, according to Reuters analysis based on top global carriers. The spread has also led to the reshuffled global rankings, elevating Air China into third place behind U.S. rivals. The airline sector has been […]

Airlines could lose $113B in revenue to coronavirus epidemic

Airlines could lose $113B in revenue to coronavirus epidemic

Airlines could lose nearly a fifth of their passenger revenues this year if the coronavirus epidemic continues to spread and dampen demand for air travel, an industry group warned Thursday. Revenue losses for the global passenger air business could total $113 billion, or 19 percent, if the outbreak gets worse — a financial hit similar […]

‘Dumping passengers in Ghana was to embarrass FG’

‘Dumping passengers in Ghana was to embarrass FG’

By Lawani Mikairu The shabby treatment Nigerians who boarded foreign airlines from their respective destinations to Lagos got in the last two weeks has once again brought to the fore the urgent need to support domestic airlines who are already doing international flight and encourage those who are yet to, to commence international operations. More […]

FG should place restrictions on foreign airlines — Hon. Nnaji

FG should place restrictions on foreign airlines — Hon. Nnaji

…Says Nigeria’s domestic airlines should benefit from aviation agreements By Tordue Salem Hon. Nnolim Nnaji, Chairman house of representatives committee on aviation, in this interview with Tordue Salem, speaks on a myriad of problems bedevilling the aviation sector, the need for reforms and suggests stringent sanctions against foreign airlines in breach of aviation sector agreements. […]

Foreign airlines commence landing at Lagos Airport

Foreign airlines commence landing at Lagos Airport

By Lawani Mikairu Following the improvement in the weather and visibility at Lagos, foreign airlines who hitherto diverted their Lagos bound flights to Ghana have started landing at the Murtala Muhammed International airport Lagos. For over two weeks all international flights were diverting to Accra, Ghana due to poor visibility and inclement weather in Lagos. […]