In the full year ended March 2023, Nigeria surpassed other African airlines in terms of total passenger traffic market shares by region of carriers, 2.1 percent.
Among the six regions in the world, the region had the lowest market share for RPK. RPK stands for return to participation (ROI), which is multiplied by the number of kilometers traveled between flights.
According to the international air transport association, IATA, which represents 300 airlines that account for 83% of global air traffic, leads Europe in terms of RPK, with 30 percent, and North America accounts for 28.9 percent.
Asia-pacific has 22.1 percent, the middle east has 9.8 percent, and latin america has 6.4 percent. According to the IATA’s air traffic report for March 2023, there is a strong demand for air travel.
According to the survey, “total traffic in March 2023 (measured in revenue passenger kilometers or rpks) increased by 52.4 percent relative to March 2022.” Traffic is now at 88.0 percent of its normal rate in March 2019.