Lusaka, 13 Aug-(ANA)-The International Air Transport Association (IATA), has forecast a gloomy outlook for African airlines this year saying the situation will be gloomier as demand for air travel continues to plummet.
Last year saw the airline industry grappling with record-breaking high oil prices and reduced demand for air travel.
This ultimately led to scaled-down operations for some airlines.
Those that could not contain sky-rocketing prices of Jet A1 fuel subsequently collapsed and shut down.
The Geneva-based IATA has indicated that passenger traffic is likely to drop by 5.7% while cargo traffic will go down by 13%.
African carriers such as South African Airways, Air Zimbabwe, Ethiopian Airlines, Kenya Airways and Air Malawi, experienced a drop of 12.9% by October 2008. (ANA)
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