The Covid-19 pandemic has hit quite a few companies across the continent, but airlines have hit the hardest for recording a $ 14 billion (CFAF 7,544 billion) loss in passenger revenue in 2020, according to a report by the International Civil Aviation Organization (ICAO).
Airlines in Africa recorded a loss of 14 billion dollars (7,544 billion FCFA) in passenger revenues in 2020 following the Covid-19 pandemic, according to a report by the International Civil Aviation Organization (ICAO). According to its statistics, these companies recorded a drop of 78 million passengers and 58% of their overall capacity, compared to 2019, pushing four carriers to suspend their operations and two others to go into receivership.
“The 2019 traffic volumes in Africa would not return before 2023 when the continent should experience a late recovery in its financial performance”, projects the International Air Transport Association (IATA), for its part. In its report, ICAO notes that “with border closures and travel restrictions put in place around the world, in April 2020 the total number of passengers fell by 92% compared to 2019; ie 98% for international traffic and 87% for domestic transport ”.
“After reaching a very low level, in April 2020, passenger traffic experienced a moderate rebound during the summer period. This upward trend was short-lived, however, stagnating, then worsening in September 2020 when the second wave of infection in many regions prompted the reintroduction of restrictive measures, ”she laments.
Despite this heavy loss of airlines, Africa remains officially one of the least affected continents, with 3.3 million cases of Covid-19 and almost 82,000 deaths, since the start of the pandemic, according to the Organization. World Health Organization (WHO).