Four African air carriers have suspended operations, while two others have gone into receivership. The International Air Transport Association (IATA), for its part, indicates that 2019 traffic volumes in Africa would not return before 2023. As a result, the airlines worldwide have lost $370 billion, airports $115 billion, and air service providers $13 billion. Many African airlines, already very fragile even before the advent of the pandemic, risk bankruptcy. This is the case of South African Airways, which is almost bankrupt.

Source: Ethiopian News February 05, 2021 15:41 UTC