Speaking in Routes Africa in Accra, Ghana, on a panel addressing the matter of "Creating cultural change – How can innovation open up new markets", Libyan Wings former CEO Edgardo Badiali said recently on average around the world airlines have recorded a profit of $7.7 per seat while African airlines have made a dollar loss on each seat.
And he added it is part of a trend that dates as far back as 2010, the last time African airlines were in the black with an overall profit of $100 million.
