Africa’s aviation to suffer $8b in revenue loss

An empty airport as a result of international travel restrictions. PHOTO | FILE | NATION MEDIA GROUP

Africa’s aviation industry will suffer an estimated revenue loss of $8.103 billion this year as a result of Covid-19 pandemic, according to a latest report by the African Airlines Association (AFRAA).

The impact assessment analysis shows passenger revenue dropped to $0.403 billion in Q1 2020 which represents 13.8 per cent Year-over-Year with more impact seen in Q2 of this year, costing $2.740 billion.