Sharp Daily
No Result
View All Result
Saturday, October 18, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

African airlines soar above global rates

Brenda Murungi by Brenda Murungi
February 1, 2024
in News
Reading Time: 1 min read

African airlines experienced passenger traffic growth exceeding global rates throughout the entire year of 2023 due to increased demand for air travel.

Data by the International Air Transport Association (IATA) shows that airlines in the continent posted an annual traffic growth of 38.7% last year compared to 2022, beating global passenger traffic growth of 36.9%

Full year capacity on the other hand rose to 38.3% even as load factor which is measures passenger capacity used rose marginally by 0.2% to 71.9%

IATA reported that the recovery in air travel persisted in December 2023, and the total traffic for the year approached levels very close to pre-pandemic demand.

RELATEDPOSTS

No Content Available

“The strong post-pandemic rebound continued in 2023. December traffic stood just 2.5% below 2019 levels, with a strong performance in quarter 4, teeing-up airlines for a return to normal growth patterns in 2024. The recovery in travel is good news,” said Willie Walsh, IATA Director General.

December 2023 traffic for African airlines rose 9.5% when compared to December 2022.

Globally, full year 2023 traffic was at 94.1& of pre-pandemic (2019) levels as December 2023 total traffic rose 25.3% compared to December 2022 and reached 97.5% of the December 2019 level.

Fourth quarter traffic was at 98.2% of 2019, reflecting the strong recovery towards the end of the year.

“The restoration of connectivity is powering the global economy as people travel to do business, further their educations, take hard-earned vacations and much more. But to maximize the benefits of air travel in the post-pandemic world, governments need to take a strategic approach” added Walsh

For most governments, that means providing cost-efficient infrastructure to meet demand, incentivizing Sustainable Aviation Fuel (SAF) production to meet our net zero carbon emission goal by 2050, and adopting regulations that deliver a clear cost-benefit.

Completing the recovery must not be an excuse for governments to forget the critical role of aviation to increasing the prosperity and well-being of people and businesses the world over.

Previous Post

End of NSE monopoly: New player EABX breaks ground with bond market trading license

Next Post

DCI nabs six suspects in car theft scheme targeting hired vehicles

Brenda Murungi

Brenda Murungi

Related Posts

News

Start Q4 strong with the Cytonn Money Market Fund

October 9, 2025
News

Kenya Q2’ 2025 GDP growth accelerates to 5.0%

October 3, 2025
News

Argentina’s crisis and Kenya’s lessons on political economy and market confidence

September 25, 2025
News

Kenya’s financial system remains stable but faces rising risks

September 25, 2025
News

Where do Kenyan stock returns come from? A napkin framework

September 19, 2025
News

September snapshot: CMMF yields 13.12% as month unfolds

September 5, 2025

LATEST STORIES

The Challenge of Preserving Retirement Savings in Kenya

October 16, 2025

Understanding Segregated vs Guaranteed Pension Schemes

October 16, 2025

The Sanlam-Jubilee deal

October 16, 2025

Kenya’s industrial real estate awakening

October 16, 2025

Stanbic Kenya in advanced talks to acquire NCBA: A game-changer in Kenya’s banking sector

October 16, 2025

CBK flags surge in financial fraud as losses triple to KES 1.6 billion

October 15, 2025

StanChart Kenya retirees face fresh legal stalemate over KES 7.0 billion pension payout

October 15, 2025

U.S. bank earnings take center stage amid government data freeze

October 15, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024