{"id":113019,"date":"2024-02-15T20:36:32","date_gmt":"2024-02-15T20:36:32","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/african-airlines-revenue-shortfall-projected-to-drop-to-sh30-6bn"},"modified":"2024-02-15T21:36:00","modified_gmt":"2024-02-15T21:36:00","slug":"african-airlines-revenue-shortfall-projected-to-drop-to-sh30-6bn","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/african-airlines-revenue-shortfall-projected-to-drop-to-sh30-6bn","title":{"rendered":"African Airlines revenue shortfall projected to drop to Sh30.6bn"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Kenya. <\/strong><\/span>Kenya Airways and other African airlines could record good business in 2024 with projections showing they are set to carry 98 million passengers due to a steady rebound in air travel demand across the continent.<\/p>\n<p>Since November 2023, passenger traffic carried by African airlines exceeded 2019 levels signaling hope for the aviation sector that was worst hit by the shut downs.<\/p>\n<p>African Airlines Association (AFRAA) January 2024 data shows the performance of African airlines has significantly improved, signalling a positive trajectory for the region&#8217;s aviation sector.<\/p>\n<p>With the 2023 annual Airlines Performance yet to be released, AFRAA predicts that 2023 will see an increase in airline revenues and the narrowing of revenue gap compared to 2022.<\/p>\n<p>The full year 2023 revenue shortfall of African airlines will be around US$200m (Sh30.6 billion) or less, compared to 2019 full year.<\/p>\n<p>The 2022 full year passenger\u2019s revenue gap was US$3.5 billion (Sh535.5 billion) for all African airlines combined, compared to 2019.<\/p>\n<p>\u201cAt some major African airports (Johannesburg, Nairobi, Addis Ababa, Lusaka, Cairo, Casablanca, Abidjan and Lagos), intra-Africa connectivity reached or exceeded pre-Covid level since December 2022,\u201d reads AFRAA monthly update.<\/p>\n<p>In January 2023, African airlines&#8217; Revenue Passenger Kilometers (RPKs) were recorded at 2.06 percent above the levels of the same month in 2019, while available seat kilometers (ASKs) surged by 7.1 percent.<\/p>\n<p>Cargo transportation also witnessed a noteworthy uptick, with 149.6 million kilograms moved to and from Africa in November 2023.<\/p>\n<p>African airlines represented a significant portion, accounting for 30.8 percent of the total cargo volume.<\/p>\n<p>In regulatory and industry affairs, Somalia recently regained control of its airspace management from Nairobi, marking a significant milestone in its aviation sector&#8217;s development.<\/p>\n<p>The transition to Class A airspace classification reflects Somalia&#8217;s commitment to sovereignty and operational efficiency, with enhanced air traffic control services now in place.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/kenya\">Kenya<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Kenya. Kenya Airways and other African airlines could record good business in 2024 with projections showing they are set to carry 98 million passengers due to a steady rebound in air travel demand across the continent. Since November 2023, passenger traffic carried by African airlines exceeded 2019 levels signaling hope for the aviation [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":113018,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[6857,7003,544],"class_list":["post-113019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>African Airlines revenue shortfall projected to drop to Sh30.6bn - kenya<\/title>\n<meta name=\"description\" content=\"Kenya Airways and other African airlines could record good business in 2024 with projections showing they are set to car ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/african-airlines-revenue-shortfall-projected-to-drop-to-sh30-6bn\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"African Airlines revenue shortfall projected to drop to Sh30.6bn\" \/>\n<meta property=\"og:description\" content=\"Kenya Airways and other African airlines could record good business in 2024 with projections showing they are set to car ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/african-airlines-revenue-shortfall-projected-to-drop-to-sh30-6bn\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-15T20:36:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-15T21:36:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2024\/02\/sm_1708020165.584726.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"664\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/african-airlines-revenue-shortfall-projected-to-drop-to-sh30-6bn#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/african-airlines-revenue-shortfall-projected-to-drop-to-sh30-6bn\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"African Airlines revenue shortfall projected to drop to Sh30.6bn\",\"datePublished\":\"2024-02-15T20:36:32+00:00\",\"dateModified\":\"2024-02-15T21:36:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/african-airlines-revenue-shortfall-projected-to-drop-to-sh30-6bn\"},\"wordCount\":308,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/african-airlines-revenue-shortfall-projected-to-drop-to-sh30-6bn#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2024\/02\/sm_1708020165.584726.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Kenya\",\"Kenya\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/african-airlines-revenue-shortfall-projected-to-drop-to-sh30-6bn#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/african-airlines-revenue-shortfall-projected-to-drop-to-sh30-6bn\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/african-airlines-revenue-shortfall-projected-to-drop-to-sh30-6bn\",\"name\":\"African Airlines revenue shortfall projected to drop to Sh30.6bn - 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