African air­lines post ro­bust growth in Novem­ber

The Herald (Zimbabwe) - - Business News -

THE In­ter­na­tional Air Trans­port As­so­ci­a­tion ( IATA) has said African air­lines ex­pe­ri­enced an 8,2 per­cent growth in de­mand last Novem­ber com­pared to same month in 2015.

IATA rep­re­sents some 265 air­lines ac­count­ing for 83 per­cent of global air traf­fic.

The in­dus­try al­ready sup­ports 6,8 mil­lion jobs and gen­er­ates $72,5 bil­lion of eco­nomic ac­tiv­ity on the con­ti­nent.

In the global pas­sen­ger traf­fic update for Novem­ber 2016, the as­so­ci­a­tion said the African re­gion posted “ro­bust” growth in Novem­ber last year.

“Eco­nomic con­di­tions in much of Africa re­main chal­leng­ing, par­tic­u­larly in the big­gest economies of Nige­ria and South Africa but the up­ward trend in sea­son­ally-ad­justed pas­sen­ger traf­fic has re­asserted it­self more re­cently, sup­ported by strong de­mand on routes to and from Asia and the Mid­dle East,” it said.

IATA said ca­pac­ity rose by 5,1 per­cent while load fac­tor climbed 1,9 per­cent­age points to 66,3 per­cent.

Go­ing for­ward, the as­so­ci­a­tion said the in­dus­try had re­shaped it­self and strength­ened its re­silience to shocks.

The threat of ter­ror­ism, ques­tions over the dura­bil­ity of the eco­nomic up­swing, ris­ing oil prices and in­creas­ing “pro­tec­tion­ist rhetoric” are among the con­cerns the air­line in­dus­try faces.

“We should see an­other solid year of col­lec­tive prof­itabil­ity for the air­lines in 2017 but we must be vig­i­lant,” IATA said.

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