• Corrupt councillors

    We need to expose defaulters and take back our municipalities now, says Mandi Smallhorne.

  • Davos 2017 fail

    The WEF has provided little in the way of responsive and responsible leadership, says Terry Bell.

  • Inside Labour

    No South African, with or without a job, should be condemned to poverty, says Patrick Craven.

All data is delayed
Loading...
See More

No profit for African airlines

Nov 20 2012 15:45
Sapa
Johannesburg - African airlines will collectively make no profit this year, the International Air Transport Association (Iata) said on Tuesday.

"This is despite air traffic growing strongly in Africa," the association's vice-president Mike Higgins told reporters in Sandton.

"So we need to understand the challenges facing aviation in the region."

He said air transport, which generated $67.8bn in gross domestic profit (GDP) for Africa, was vital for economic growth.

"With the right policies in place, this footprint will grow substantially in the years to come," he said.

The association forecast that aviation's direct contribution to GDP in Africa would increase by five percent a year over the next 20 years if airlines in Africa were profitable.

"And unfortunately our October forecast showed that once again African airlines will collectively make no profit this year."
iata

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about: SMALL BUSINESS

From fossils to finance – that’s been the career trajectory of Dr Merrill van der Walt, a palaeontologist until recently. She is now a statistician with a difference.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

How did you buy your property?

Previous results · Suggest a vote

Loading...