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EUROS The World Financial Report
Nº 12 Thursday, 23 July 2026 · World Edition
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Emerging Markets

African Airlines Defy Global Downturn With 7.5% Capacity Jump

EUROS Newsroom · 1h ago · 1 min read · 🇳🇬 Nigeria
African Airlines Defy Global Downturn With 7.5% Capacity Jump

African carriers are posting the world's strongest passenger demand growth, rewarding executives who are deploying capital into fleet expansion despite global aviation headwinds.

African airlines expanded total scheduled capacity by 7.5% year-on-year to 26.3 million seats in July, sharply outperforming a global market dragged down by Middle Eastern conflicts.

International passenger demand for African carriers surged 8.9% in May, making the continent the strongest-performing aviation market globally, according to IATA. Load factors improved to 73.4% during a period when global demand actually contracted by 2.2%.

International routes dominate the continent's aviation landscape, accounting for 79% of total capacity. However, domestic travel is accelerating faster, with capacity rising 11.1% as airlines capitalize on underserved local markets.

The most aggressive capital deployment is coming from Nigeria's Air Peace. Led by founder Allen Onyema, the carrier recorded a 50.6% surge in available seats to 360,200. This represents the fastest growth rate among the top ten airlines serving Africa, driven by the acquisition of Boeing 777s and Embraer E195-E2 jets to open new international routes.

State-backed carriers in North Africa are similarly scaling up operations. Air Algérie, which returned to profitability under CEO Hamza Benhamouda, grew its capacity by 9.8% to 758,900 seats. Royal Air Maroc, chaired by Abdelhamid Addou, held the fourth-largest footprint with 852,300 seats.

Foreign carriers are moving aggressively to capture African demand. Emirates, led by Group CEO Sheikh Ahmed bin Saeed Al Maktoum, increased its African capacity by 8.9% to 429,400 seats. In the low-cost segment, Ryanair offered 505,700 African seats, while Transavia France grew 6.1% to 393,200 under new CEO Paul Terstegge.

Regional connectivity remains a core growth driver. South Africa's Airlink, where former CFO de Villiers Engelbrecht took over as CEO in 2025, grew capacity 5.8% to 557,000 seats by linking underserved Southern African destinations.

For market participants, the data underscores a diverging trajectory between African aviation and developed markets. The critical question moving forward is whether this rapid capacity expansion can be absorbed by rising demand without depressing ticket yields.