COVID-19: Nigeria's airlines risk $760m loss, 91, 380 job cut 'IATA

The International Air Transport Association (IATA) yesterday strengthened its call for urgent action from governments in Africa and the Middle East to provide financial relief to airlines. IATA, in its latest report, said potential revenue loss by carriers in Africa and the Middle East has reached $23 billion ($19 billion in the Middle East and $4 billion in Africa). This, it noted, translates into a drop of industry revenues of 32 per cent for Africa and 39 per cent for the Middle East for 2020 as compared to 2019. On
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