Regional airline carriers do not expect much growth in Africa’s aviation market in 2024, and see this year as one of reconsolidation.
“Economists are pretty lukewarm on economic growth predictions for 2024. They seem to expect GDP growth to be around 1.2%, so that’s not really going to open up a huge growth opportunity. As such, we see 2024 as being a bit of a year of reconsolidation,” said Kirby Gordon, Chief Marketing Officer of FlySafair.
He told Tourism Update: “We don’t expect much growth, but with costs rising we can see that everyone is really going to have to sharpen their pencils from an operational perspective to ensure that costs are minimised through efficiency so that we can survive at the prevailing yields we are set to achieve.”
Gordon did, however, state that while South Africa’s growth projections were pretty tepid, spots in Africa were doing really well.
“Our hope is that this translates well into growth for the African market at large and…
