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Airlines to pay $222bn extra for fuel in 2022

The International Air Transport Association has reported that this year, airlines would pay an additional $222 billion for fuel.Information Guide Nigeria

In his address to the 2022 General Assembly of the African Airlines Association in Dakar, Senegal, IATA’s Regional Vice President for Africa and the Middle East, Kamil Alawadhi, stated that although oil prices have declined from their midyear peaks, the average price of jet fuel so far this year has been $138.8 per barrel.

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According to the head of IATA, this means that airlines will collectively pay $222 billion more for gasoline in 2019 compared to 2021, with fuel accounting for 30% of airline expenses.

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However, he cautioned African carriers not to compromise on safety, noting that the continent’s airlines on the IATA Operational Safety Audit registration had zero accidents in 2021, while regional and global operators continued to encounter problems across the continent.JAMB portal

He said, “Regrettably the region’s accident rate remains the highest. This should serve as sharp reminders that we need to work together towards enhanced safety oversight particularly in the areas of reporting and investigation of incidents and accidents, adopting a more aggressive approach to addressing the highest recurring operational risks.”NYSC portal

He also emphasized the importance of prioritizing the interchange of safety data and information by all parties in order to construct an accurate image of the continent.

According to him, this would encourage an appreciation of the crucial importance of aeronautical information (NOTAM/AIP) to aviation safety, asking stakeholders to address it as a priority regional deficit with a clear commitment from all states and stakeholders to improve it.JAMB Result

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Emediong Silver

Emediong Ekpe is a graduate of English. A professional Sports journalist/analyst, and a spoken word artist. He is passionate about decimating information and putting smiles on people's faces via news writing. Whatapp: 08088735884

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