South African Airways (SAA) will suspend service to Malawi (Lilongwe and Blantyre), due to the recent economic challenges in Malawi. In an industry alert last week, SAA mentioned that it was monitoring the situation of substantial devaluation of the Malawian Kwacha, acute foreign currency shortages, and the escalation of blocked funds, closely before making the…
Tag: blocked funds
Traffic Carried by African Airlines Reached 98.4% of the 2019 level in August – AFRAA
In August 2023, traffic carried by African airlines reached 98.4% of the 2019 level. Domestic market share was estimated at 34%, intra-Africa at 29%, and intercontinental at 37%. The total number of intercontinental routes operated by African airlines exceeded preCOVID levels since October 2022. In some major airports (Johannesburg, Nairobi, Addis Ababa, Lusaka, Cairo, Casablanca,…
Traffic Carried by African Airlines in March Almost at Pre-Covid Levels – AFRAA
In March, the traffic carried by African airlines reached 94.8% of the full year 2019 level. Domestic market share was at 37%, intra-Africa at 31% and intercontinental at 32%. AFRAA estimates that by end 2023, total passengers carried by African airlines will reach 85 million, this being about 10 million short of the full year…
Nigeria, Algeria are Top African Markets with Airline Blocked Funds – IATA
The International Air Transport Association (IATA) warned that the amount of airline funds for repatriation being blocked by governments has risen by more than 25% ($394 million) in the last six months. Total funds blocked now tally at close to $2.0 billion. IATA calls on governments to remove all barriers to airlines repatriating their revenues…