AFRAA: African airlines collectively lost $10.21bn in Q1 of 2020
The African Airlines Association (AFRAA) has reported that African based airlines have cumulatively lost upwards of 10.21bn in Q1 of 2020. Traffic recovery for Jan-May was 37% of 2019 level. In May alone, traffic declined by 62.2% compared to same month in 2019. Similarly, capacity declined...