In February 2022, AFRAA estimates that African airlines' capacity reached 64% compared to the same month in 2019.
African airlines' revenue loss to be $4.9 billion in 2022: AFRAA
The African Airlines Association (AFRAA) noted that airline revenues remained low with many operators battling with cash-flow issues."Full year revenue loss for 2022 is estimated at US$4.9 billion, equivalent to 28 percent of the 2019 revenues. In 2021, African airlines cumulatively lost $8.6b in revenues due to the impact of the pandemic, representing 49 percent of 2019 revenues," reads the release.
In the month of February 2022, AFRAA estimates that African airlines' capacity reached 64 percent compared to same month in 2019. Similarly, traffic is estimated at 49 percent.
