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The International Air Transport Association on Thursday said that 4.1 billion passengers were transported in 2017 compared to the 3.8 billion passengers recorded in 2016.
IATA stated this in its April-May Airlines Financial Monitor released on Wednesday and obtained by the News Agency of Nigeria in Abuja.
International Air Transport Association Chief Executive Alexandre de Juniac said his organisation will issue fresh forecasts next week, and that airline profits were still likely to be robust.
A statement by IATA’s Director General, Alexandre de Juniac , on its website, said African airlines continued to enjoy very strong demand.
In a statement signed by its Director-General, Alexandre de Juniac, IATA said that the growth occurred amid an improving regional economic growth.
A statement signed by IATA’s Director General, Alexandre de Juniac, on its website on Thursday, noted that it was the fastest growth rate in five months and up from a 7.3 per cent year-over-year rise in October.
The President of the bank, Dr. Akinwumi Adesina. and the Director-General of IATA, Dr. Alexander De Juniac, signed the MoU on the sideline of the ongoing World Aviation Forum on Tuesday in Abuja.
He said Nigeria was well positioned to contribute to the expected surge in global air travel by 2030 which according to ICAO and the International Air Transport Association projection will be about 7.2 billion.
He said that the airline achieved the feat only a few months after securing its IATA Operational Safety Audit certificate.
A statement by IATA on Thursday disclosed that the airlines’ traffic soared by 9.9 per cent, capacity by 7.1 per cent, while load factor jumped to 64.3 per cent during the month.
This was contained in a document signed by IATA’s Director-General, Alexandre de Juniac
IATA made the announcement in a statement by its Director-General, Alexandre de Juniac, on Tuesday
A statement by IATA Corporate Communication Office on Thursday in Abuja, said the association also forecasted total revenue of $736 billion, representing 4.1 per cent net profit margin during the year