Business

Emirates Airlines Makes $837.6 Million on African Routes in 2021

African Aviation Services Limited has ranked Emirate Airlines as the most used airline along African routes, with a revenue of $837.6 million in 2021.

Investors King learnt that Emirate Airlines emerged as the most patronised airline based on the total amount of revenue realised on African routes in the 2021 financial year.

Other airlines on the list include South African Airways, British Airways, Saudi Arabian, TAAG-Angola Airlines, and Air France. 

According to the Chief Executive Officer (CEO), African Aviation Services Limited, Mr Nick Fadugba, the aforementioned six airlines earned a total of $2.138.8 billion from 10 African cities in 2021 with Emirates taking the highest revenue on the continent.

The report further listed the top 10 highest revenue air routes in Africa to include Johannesburg-Dubai, Johannesburg-London, Cairo-Jeddah, Luanda-Lisbon, and Cape Town –Johannesburg.

Additionally, the list include Cairo-Dubai, Cape Town – Dubai, Abidjan-Paris, Cape Town-London, and Mauritius-Dubai.

Despite Nigerians increasing travel rate and enormous population, no Nigerian route was rated among the top 10 highest revenue air routes in Africa.

Meanwhile, the report noted that the Johannesburg – Dubia route recorded the highest revenue in 2021 with $315.6 million. Johannesburg – London followed with $295 million to rank in the 2nd position. Cairo-Jeddah raked in $242 million to rank in the 3rd position while Luanda to Lisbon recorded $231.6 to place in the 4th position. 

The list includes Cairo-Dubai with $181.3 million, Cape Town-Dubai with $176.7 million, Abidjan-Paris with $175 million, Cape Town – London with $174.6 million while Mauritius-Dubai earned $164 million to rank in 5th, 6th, 7th, 8th, 9th and 10th positions respectively. 

Cumulatively, airlines generated $2.1 billion in 2021 from all the top ten African air routes. 

Below is a list of the most patronised airlines in the top 10 African routes in 2021 and their estimated revenue. 

  1. Emirate Airlines.                  $837.6 million 
  2. South African Airways.       $359.6 million
  3. British Airways.                    $295 million 
  4. Saudi Arabian.                       $242 million 
  5. TAAG- Angola Airlines.        $231.6 million
  6. Air France.                              $174.6 million

 

Investors King

Share
Published by
Investors King

Recent Posts

Discordant Tunes Greet 50% Tariff Hike As Subscribers Threaten To Sue NCC

Nigerians have expressed displeasure over the decision of the Nigerian Communications Commission to increase tariffs…

5 hours ago

Beatrice Ekweremadu Returns to Nigeria After Serving Sentence in UK

Mrs. Beatrice Ekweremadu, wife of former Deputy Senate President Senator Ike Ekweremadu, has reportedly returned…

5 hours ago

Nigeria Expands Refining Capacity with MRO Energy’s Delta State Refinery

The Federal Government has taken another step toward boosting Nigeria’s refining capacity with the approval…

5 hours ago

Eko DisCo Set for Transformation as Transgrid Enerco Signs Historic 60% Acquisition Agreement

Transgrid Enerco Limited has signed a Share Purchase Agreement (SPA) to acquire a 60% equity…

6 hours ago

Metering Gap Exceeds 7 Million Despite Multilateral Loans and Government Funds

Despite interventions by the Federal Government and multilateral lenders amounting to over N1.5 trillion, Nigeria’s…

7 hours ago

Petrol Prices Surge to N990 in Abuja, N960 in Lagos as Oil Tops $80 Per Barrel

The Nigerian National Petroleum Company Limited (NNPC) has increased the pump price of petrol at…

8 hours ago