Nigeria, Others Attain 5.1% Increase in Air Passenger Traffic

By June 4, 2018 Investment News

Nigeria and other countries in Africa recorded 5.1 per cent increase in air passenger traffic in April, despite the announcement by the International Air Transport Association that passenger demand growth slowed in the month.

According to a report by IATA, capacity rose by 4.6 per cent, and load factor edged up by 0.4 percentage point to 72.8 percent.

“African airlines’ had a 5.1 percent traffic increase in April. The upward demand trend remains strong, helped by continuing signs of improvement in the region’s largest economies – Nigeria and South Africa. This is only the fourth time in the past 41 months that both economies have been on an upward trajectory at the same time,” IATA said.

IATA had announced global passenger traffic data for April 2018 showing that demand rose by 6.2 per cent compared to April 2017, which was down from a 12-month high of 9.7 percent in March.

Read more: Punch