https://www.engineeringnews.co.za

Positive outlook for African airlines over next 12 years

21st April 2023

By: Rebecca Campbell

Creamer Media Senior Deputy Editor

     

Font size: - +

Africa’s air passenger traffic is expected to double, to more than 260-million passengers, by 2035, the International Air Transport Association (IATA) has predicted.

It also forecasts that in 2035 aviation will, in Africa, support 7.7-million jobs and $63-billion in gross domestic product.

These predictions were highlighted by IATA director-general Willie Walsh in a media briefing earlier this month. The baseline from which this growth is determined was 2019. He noted that 80% of African air passenger traffic was international and only 20% was domestic.

Although the African airline sector is lagging a bit behind the global industry, its post-Covid-19 pandemic recovery is nearly complete. African air passenger traffic in February this year was at 93% of its February 2019 levels. And the continent’s air cargo demand was 31.4% above its 2019 levels.

African commercial aviation is expected to recover to above 2019 levels this year and to complete financial recovery next year. (The global industry is expected to achieve financial recovery this year.) But African airlines remain financially vulnerable, with their total net profit margin for this expected to remain negative, at –1.7% (although that will not be the worst in the world).

However, the recovery is very uneven across the continent. IATA divides the region into four subregions: Central/Western Africa, Eastern Africa, Northern Africa, and Southern Africa. And Southern Africa is lagging behind the other regions, largely owing to South Africa’s economic travails.

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

Comments

Showroom

Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 
Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine image
Magazine round up | 12 July 2024
12th July 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.25 0.301s - 170pq - 2rq
Subscribe Now