The International Air Transport Association has said that Nigerian airlines and others across Africa will lose $700 million in 2022 due to a combination of Russia-Ukraine war and COVID-19.
This was disclosed at the ongoing 78th IATA Annual General Meeting and World Air Transport Summit in Doha, Qatar.
IATA said that inflation, interest and exchange rates would affect the growth of the aviation industry globally, stressing that countries should learn from the COVID-19 pandemic.