COVID-19: African Airlines Lose $4.4bn In One Month

0

The International Air Transport Association (IATA) has declared that African airlines have lost $4.4 billion in revenue to Coronavirus as of March 11, 2020.

Multiple flights have been cancelled or temporarily suspended across Africa as airlines struggle to cope with falling demand following the spread of coronavirus.

IATA had recently warned that Nigeria was at the risk of losing 2.2 million overseas-bound passengers and $434 million revenue, if the coronavirus spread continues to escalate.

IATA, in a market analysis released, has appealed to governments in Africa and the Middle East, to provide emergency support to airlines as they fight f