IATA forecasts a loss of $500m for African carriers, from a $700m loss in 2015.

Dino D'Amore
By Dino D'Amore June 2, 2016 17:05

IATA forecasts a loss of $500m for African carriers, from a $700m loss in 2015.

“Carriers in the [African] region continue to confront a plethora of challenges including intense competition on long-haul routes, political barriers to growing intra-African traffic, high costs and infrastructure deficiencies,” Iata said. “In addition, many major economies in the continent have been hit hard by the collapse in commodity prices.”

Dino D'Amore
By Dino D'Amore June 2, 2016 17:05