Nigerian airways have elevated home flight fares from Lagos to Abuja as the worth of aviation gasoline continues to rise.
Checks by Peoples Gazette on Saturday revealed that, whereas Air Peace economic system ticket for Sunday at 10:40 a.m. and seven:50 p.m. was priced at N100,000, seats in Max Air flights scheduled for 8:30 a.m. and 9:10 a.m. have been priced at N125,000 and N130,000, respectively.
Seats on an Air Peace flight scheduled for six:30 a.m. on Sunday have been nonetheless promoting for N85,000, with flights at 2:55 p.m. and three:20 p.m. bought out.
On the time The Gazette checked, Max Air’s flights scheduled for five:20 p.m. and 6:15 p.m. have been nonetheless promoting for N84,000 and N75,000, respectively.
Additionally, costs for economic system tickets in Arik ranged between N80,595 and N93,452, with Ibom Air’s solely out there Sunday flight promoting its economic system ticket for N78,000.
The rise in airfare is the results of a number of challenges confronting the aviation trade, together with a rise within the worth of jet A1 and the excessive value of facility upkeep brought on by fixed inflation and the depreciation of the nation’s forex.
Earlier in July, Nigeria’s oldest airline, Aero Contractors, quickly suspended operations because of the scorching impression of skyrocketing worth of aviation gasoline.
The airline mentioned operations previously few months had been difficult, citing excessive value of upkeep, skyrocketing gasoline costs, inflation, and foreign exchange shortage as among the challenges confronted by airline operators.
Recall that airline operators in Could threatened to close down operations over the incessant hike in worth of aviation gasoline from N160 to N900 per litre.
The union had in a letter to Minister of Aviation, Hadi Sirika, bemoaned the rise in value of operations reaching over ninety-five per cent.
To keep away from additional disruptions within the aviation trade, the Home of Representatives dominated in Could that six million liters of aviation gasoline be bought to airline operators on the charge of N480 per litre for the following three months.
Nevertheless, experiences have predicted that airways would shut down operations within the nation over the incessant hike in aviation gasoline, together with different environmental challenges.