African aviation set to suffer huge losses in 2020

This image is of an Ethiopian Boeing 787 arriving into Hong Kong international airport Ethiopian Airlines formerly Ethiopian Air Lines (EAL) and often referred to as simply Ethiopian, is Ethiopia's flag carrier and is wholly owned by the country's government. EAL was founded on 21 December 1945 and commenced operations on 8 April 1946, expanding to international flights in 1951. The firm became a share company in 1965, and changed its name from Ethiopian Air Lines to Ethiopian Airlines. The airline has been a member of the International Air Transport Association since 1959, and of the African Airlines Association (AFRAA) since 1968. Ethiopian is a Star Alliance member, having joined in December 2011.v

Large losses in prospect for African airlines next year, according to the International Air Transport Association. The growth forecast in 2019, however, suggested a better economic outlook for African airlines in 2020.

African airlines may suffer an estimated sum of $200 million according to a report by Business Africa.

Projections by the International Air transport Association. Unfortunately, African carriers will experience a collective loss of USD 200 million next year, according to projections by the International Air Transport Association.

The loss is seen as a consequence of high levels of government taxes and fees, among others.

Africa continues to lag the rest of world aviation. It has the fewest annual seats, the smallest fleet of narrowbody and widebody jets, the lowest number of aircraft on order, and the weakest passenger load factor of all world regions. It also has the second smallest ratio of intra-regional to intercontinental seats (after the Middle East, where transfer traffic boosts intercontinental capacity), According to Centre for Aviation.