Home Latest NewsBusiness Fly 748 Projects Positive Prospects For Airline Industry Despite Tough Economic Times

Fly 748 Projects Positive Prospects For Airline Industry Despite Tough Economic Times

by Daily Trends

The rising demand for air travel since the Kenyan government eased COVID-19 restrictions has continued to boost the airline industry.

According to Fly 748 services, the demand is helping the sector manage higher operating costs as the world continues to face tough economic times.

The higher operating costs have been caused by increased fuel prices, inflation, higher tax on spare parts and fluctuating foreign exchange rates.

The tough economic times being witnessed across the globe has been fuelled by Ukraine war, COVID-19 and politics.

According to Fly 748 Managing Director Moses Mwangi, more and more people are taking advantage of airfare discounts and bundled travel accommodation packages to fulfill a long held desire especially for first time travelers.

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Mwangi in a press statement sent to newsrooms noted that more people are taking to the sky compared to two years ago when Kenya was at the height of the pandemic.

“The sector is returning to pre-pandemic levels and operators are cutting losses on their way to full recovery,”said Mwangi.

The International Air Transport Association (IATA) forecasts net losses in Africa’s Aviation sector to be 0.7 billion dollars in 2022 on rising passenger numbers- Demand (RPKs) is expected to reach 72 percent of pre-crisis (2019) levels, and capacity to reach 75.2 percent.

Fly 748 was recently nominated as one of the best domestic airline of the year by the Africa Mashariki Transport Awards (AMT) following its sustained efficiency in operations, a track record of safety, reliability and an overall strategy of demystifying flying in Kenya through competitively priced air fares.

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Fly 748 Chairman Ahmed Jibril said he was impressed by the growing number of first time travelers and those who are building a strong loyalty to the airline.

“It is an affirmation of our efforts to revolutionizing air travel in the country,” he said.

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