African airlines stare at $4b loss over costly fuel

Planes.

Planes at an airfield. African airlines are expected to record $4.1 billion loss this year on the back of expensive fuel. PHOTO | FILE

African airlines are expected to record $4.1 billion loss this year on the back of expensive fuel that is eroding the gains made by a recovering business.

Africa Airlines Association (AFRAA) says expensive jet fuel and other expenses involved in running the airlines will weigh down on the profits.