South African airlines have suffered severe pandemic-induced financial losses over the past 15 months, with the latest round of lockdown restrictions grounding major carriers.
Passenger volumes between Cape Town and Johannesburg – Africa’s busiest domestic route – halved in 2020. Losses incurred by the continent’s airlines topped $10 billion (more than R140 billion). Ongoing restrictions and a general reluctance to resume leisure travel are expected to result in losses of more $8 billion (R115 billion) in 2021, according to the African Airlines Association.
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