Business hasn’t been bad at all for aviation businesses in Africa.

According to reports, Nigerian airlines and others in Africa have recorded a 10.9% rise in passenger traffic.

The International Air Transport Association, IATA in its global passenger traffic results for June 2018, stated that the rise was due to stability in the economies of the countries.

“African airlines’ traffic soared 10.9% in June, up substantially from just 2.1% growth in May, although this partly also reflects volatility in the monthly data.

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“Capacity rose 5.5%, and load factor jumped 3.3% percentage points to 68.0%. Higher oil and commodity prices are buoying the economies in a number of countries, including Nigeria,” the IATA said.

According to the association, global passenger traffic results for June show that demand, measured in total revenue passenger kilometres, rose by 7.8% compared to June 2017.

It stated that this was up from 6.0% year-over-year growth recorded in both May and April, adding that June capacity increased by 6.5%, and load factor rose 1.0 percentage point to 82.8%.

IATA said the first six months of 2018 produced demand growth of 7.0%, a strong performance, but down from 8.3% growth recorded in the first half of 2017.

The Director General and Chief Executive Officer of IATA, Alexandre de Juniac, was quoted as saying that the first half of 2018 concluded with another month of above-trend demand growth, “which is a good indicator for the peak summer travel season in the northern hemisphere.”

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