Logo
Friday, 26 April 2024
Thursday, 23 Apr 2020 06:00 pm

African airlines could lose $6 bln in passenger revenue in 2020 due to coronavirus outbreak

“We have not seen the desired help announced for African airlines so far,” said Muhammad Al Bakri, IATA’s regional vice president for Africa and the Middle East.

newsImage
 

African airlines could lose $6 billion in passenger revenue in 2020, the International Air Transport Association said on Thursday, as flight restrictions due to the novel coronavirus hit the sector on the continent.

“We have not seen the desired help announced for African airlines so far,” said Muhammad Al Bakri, IATA’s regional vice president for Africa and the Middle East.

“The longer we wait, the more risk we would be exposed to,” he added in a teleconference with reporters.

Read here


Neha Pandey

Aware of her elements, Neha writes the best articles across industries including electronics & semiconductors, automotive & transportation and food & beverages. Being from the finance background she has the ability to understand the dynamics of every industry and analyze the news updates to form insightful articles. Neha is an energetic person interested in music, travel, and entertainment. Since past 5 years, she written extensively on sectors like technology, finance and healthcare.


Smarter Decisions with Smart News

Smart Market News is committed to getting its readers the latest updates and insights on industries that help in making “smarter” business decisions. With insights and inputs from corporate decision makers, we bring you the stories of adopting innovative solutions and strategies that have been changing the world. Our editorial insights on products, solutions, companies, and adoption of best practices not only help in understanding the markets better, but also prove to be a complete package for your information needs.

Subscribe to our newsletter
Get the latest in your inbox weekly Sign up for the fully charged newsletter
© The News and Media Division of The Insight Partners 2024 | All Rights Reserved | Privacy Policy