African Airlines’ Traffic Reaches 98.4% of Pre-Pandemic Level in August 2023: AFRAA

AFRAA Releases African Airlines’ Performance Updates for August 2023.


The African Airlines’ Performance report for August 2023 has been released by the African Airlines Association, AFRAA.

African airlines carried 98.4% of 2019 traffic. Domestic market share estimated: 34%, intra-Africa: 29%, intercontinental: 37%. African airlines exceeded pre-COVID intercontinental routes since October 2022.

According to the report, some major airports (Johannesburg, Nairobi, Addis Ababa, Lusaka, Cairo, Casablanca, Abidjan, and Lomé) intra-Africa connectivity has reached or exceeded pre-Covid level since December 2022.


Airline Revenue Gap Narrows in 2023

2023 is witnessing a narrowing of the airline revenue gap attributed to Covid-19 compared to 2022. In the first three months of the year, African airlines missed the levels attained in a similar period in 2019 by US$0.3 billion. This is expected to further narrow in the second quarter to US$0.2 billion, according to AFRAA data. Though full-year estimated revenue gap is yet to be computed, it appears 2023 would be a better year compared to the prior year. The 2022 full-year cumulative airlines revenue gap was US$3.5 billion for all African airlines compared to 2019.

Jet A1 Price Continues Upward Trend

The Jet A1 price continues the upward trend, going up by over $22 in one month. The global weekly average jet fuel price during the week ending 25 August 2023 was up 2.9% at $126.37/bbl. In July, the average weekly price was $103.64/bbl.

Blocked Funds Reduced Marginally

The industry’s blocked funds reduced marginally in July to $2.200 billion compared to $2.274 billion in June. Some 22 countries account for the blocked funds globally. 14 of the blocked funds countries are in Africa, accounting for about 70% of total blocked funds.

Full Report: AFRAA