{"id":51356,"date":"2024-09-03T13:30:40","date_gmt":"2024-09-03T13:30:40","guid":{"rendered":"https:\/\/new.igihe.com\/rwandair-achieves-80-revenue-growth-in-2023-amid-post-pandemic-recovery\/"},"modified":"2024-09-04T18:41:27","modified_gmt":"2024-09-04T18:41:27","slug":"rwandair-achieves-80-revenue-growth-in-2023-amid-post-pandemic-recovery","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/rwandair-achieves-80-revenue-growth-in-2023-amid-post-pandemic-recovery\/","title":{"rendered":"RwandAir achieves 80% revenue growth in 2023 amid post pandemic recovery"},"content":{"rendered":"<p>This increase follows a period of declining revenue for the airline, as it earned RWF 334 billion in 2019, dropping to RWF 300 billion in 2020 and RWF 271 billion in 2021, due to the significant impact of the COVID-19 pandemic on the transportation and tourism sectors.<\/p>\n<p>The report also reveals that the government provided RwandAir with RWF 192.3 billion in 2023. The company CEO, Yvonne Manzi Makolo, told The New Times that the airline experienced an exceptional economic recovery since the easing of the pandemic.<\/p>\n<figure class=\"spip-document spip-document-74429\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/pics-3.jpg\" alt=\"RwandaAir has achieved 80% revenue growth amid post pandemic recovery\" \/><\/figure>\n<p>She stated, \u201cThe International Air Transport Association (IATA) forecasts indicate that air travel will triple in the next 20 years. The opportunities for continued growth are substantial. Our recent development is based on three factors: a significant rise in tourism, investment in cargo transport, and Kigali\u2019s growing role as a hub for various activities.\u201d<\/p>\n<p>Makolo confirmed that RwandAir has been a key pillar in advancing Rwanda&#8217;s tourism, connecting Africa with other continents such as Europe and the Middle East through various routes.<\/p>\n<p>She said, \u201cThe airline has become a crucial component in the government\u2019s tourism development initiatives; the country welcomed 1.4 million tourists in 2023, nearly tripling the number received in 2021. Besides the regular tourists visiting various parks and cultural sites, Kigali is now the second most popular city for hosting conferences in Africa, after Cape Town. This tourism growth is closely linked to our routes.\u201d<\/p>\n<p>She emphasized that RwandAir has made Kigali a highly accessible destination for travelers from many countries across different continents.<\/p>\n<figure class=\"spip-document spip-document-74431\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/4_business_class-203fc.jpg\" alt=\"The interior view of one of the aircrafts operated by RwandAir\" \/><\/figure>\n<p>{{Focus on Air Cargo Transport}}<\/p>\n<p>Makolo noted that the airline\u2019s air cargo transport program will continue to be a priority to boost exports. The 2023 report from the Rwanda Development Board (RDB) shows that air cargo transport increased by 22.7%, reaching 4,595 tons. The main destinations for cargo include Dubai, the UK, and Belgium.<\/p>\n<p>She said, \u201cPromoting air cargo transport is part of government\u2019s strategy to connect Rwanda with the world through trade. Recently, two cargo flights to Dubai and Djibouti were launched and we expect to announce more routes in the near future as new aircrafts are acquired to support this growth.\u201d<\/p>\n<p>Air cargo flights from Rwanda mainly transport agricultural products to Europe, the Middle East, and the rest of Africa, while imports by air to Rwanda include goods such as medicine and industrial equipment.<br \/>\nMakolo also mentioned that Kigali International Airport has started receiving a significant number of passengers transiting to other countries, now accounting for 60% of all passengers using RwandAir flights.<\/p>\n<p>She said, \u201cWe increased our flights to Europe, enhancing connections between Africa and the world, and we also launched daily flights from London starting in May 2024.\u201d<br \/>\nMakolo affirmed the continued efforts to turn Rwanda inti a central hub for travel in Africa, connecting various regions, and doubling its flight operations within the next five years while providing excellent services.<\/p>\n<figure class=\"spip-document spip-document-74430\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/rwandair-is-now-operating-three-flights-a-week-connecting-kigali-and-paris-b85ed.jpg\" alt=\"RwandAir operates a fleet of 14 aircrafts and is growing stronger\" \/><\/figure>\n<p>She added that the airline\u2019s plan to launch new routes is ongoing, with a focus on expanding into new markets that could enhance growth in Africa. Exploring business opportunities is a key focus for advancing tourism, transportation, and trade.<\/p>\n<p>According to information from RwandAir website, the airline has a fleet of 14 aircrafts that comprises four Boeing 737-800NG, two Boeing 737-700NG, two CRJ900NG, two Bombardier Q-400NG all in dual class configuration, and three Airbus A330s.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 2024\/2025 Fiscal Risk Statement Report by the Ministry of Finance and Economic Planning shows that the revenue of RwandAir, Rwanda\u2019s national airline, increased by 80% in 2023 compared to the previous year. The report indicates that RwandAir generated RWF 620.6 billion in 2023, up from RWF 341 billion in 2022.<\/p>\n","protected":false},"author":135,"featured_media":2000074427,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[75],"byline":[170],"hashtag":[],"class_list":["post-51356","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-homenews","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":{"id":2000074427,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/rwandair-is-now-operating-three-flights-a-week-connecting-kigali-and-paris-b85ed.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/rwandair-is-now-operating-three-flights-a-week-connecting-kigali-and-paris-b85ed.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/rwandair-is-now-operating-three-flights-a-week-connecting-kigali-and-paris-b85ed.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/rwandair-is-now-operating-three-flights-a-week-connecting-kigali-and-paris-b85ed.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/rwandair-is-now-operating-three-flights-a-week-connecting-kigali-and-paris-b85ed.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/rwandair-is-now-operating-three-flights-a-week-connecting-kigali-and-paris-b85ed.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/51356","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/135"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=51356"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/51356\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000074427"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=51356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=51356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=51356"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=51356"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=51356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}