Sharp Daily
No Result
View All Result
Sunday, June 22, 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

Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025
News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025
Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025
News

The downside of Impact Investing

May 2, 2025

LATEST STORIES

How bushy can a bush safari get?

June 20, 2025

Understanding SPVs

June 20, 2025

Why small investments are a power move

June 20, 2025

Social consequences of the tax relief for gamblers

June 20, 2025

How E-Tendering can reshape public procurement in Kenya

June 20, 2025

Unlocking long-term wealth with the power of compounding

June 19, 2025

HealthCare investment trends and insights

June 19, 2025

Saving vs Investing

June 19, 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