6-Oct-2017 10:24 AM
IATA: Airlines in Africa are seeing their 'profits eroded and margins squeezed'
IATA regional VP for the Middle East & Africa Muhammad Ali Albakri stated (05-Oct-2017) airlines in Africa are seeing their "profits eroded and margins squeezed". He said African carriers are forecast to lose USD1.50 per passenger in 2017, while the average profit globally will be USD7.69 per passenger. [more - original PR]