More
    HomeBusinessAirline passengers face tough time as flight tickets hit N200,000

    Airline passengers face tough time as flight tickets hit N200,000

    Published on

    - Advertisement -


    ..Aviation fuel now N903 per litre

    By Francis Ekeh

    Airlines passengers and owners are currently facing tough time as the rising cost of aviation fuel has pushed up cost of flight tickets to local destinations by over 100 percent. Operators said the situation had continued to exacerbate, threatening the survival of domestic airlines.

    Daily Newscraft checks reveal that the situation has left distrust operators no option other than to pass the bulk of price hikes in aviation fuel to flight tickets.  As at Friday Morning, aviation fuel (otherwise called JET A1)  had moved up from N880 to N903  per litre.
    Media reports indicate that the development has put pressure on airline tickets with passengers paying as much as N200,000 for a return Lagos-Abuja ticket; while Lagos-Kano return is between N150,000 and N200,000 depending on the time of booking.
    For instance, Abuja-Kano flight on Max Air is between N74,000 and N100,000; while it is between N74,000 and N80,000 on Air Peace. Also on Max Air, Abuja-Maiduguri is N90,000 and Lagos-Kaduna on Azman Air for a Wednesday flight, N130,000. A one-way Lagos-Abuja fare is now N80,000 and could be as high as N150,000 if the travel date is in 24 hours.
    Air Peace return ticket from Abuja-Kano is between N140,000 and N160,000 and one-way, N78,000. A return from Abuja-Gombe is N150,000 and one-way, N75,000. For Abuja-Port Harcourt, a one-way ticket is N100,000; Abuja-Lagos, between N75,000 and N100,000.
    Checks on Air Peace flight from Lagos to Enugu for Wednesday  showed that it costs N150,000 for a one-way ticket, according to figure obtained from operators on Monday.
    On Thursday, the fear of the operators heightened as a litre was sold for N903 in the North.
    It is usually more expensive up North due to the additional cost of bridging incurred by marketers from Lagos.
    The product which was sold for a little above N200 per litre in 2021 hit over N600 this year and it had recorded a steady rise forcing the airlines to adjust their fares and peg a one-way cheapest ticket to N50,000 early in the year amidst grumbling from passengers.
    Following a further rise in the price of Jet A1, the operators under the aegis of Airline Operators of Nigeria (AON) had threatened to shut down operation on Monday May 9.
    The House of Representatives later summoned relevant agencies of government involved in fuel supply value chain, including the Nigerian National Petroleum Company Limited (NNPC), the Central Bank of Nigeria (CBN), among others.
    There was a resolution for an interrupted supply of fuel to airlines over the next three months with the CBN committing to supply foreign exchange to marketers while there was another long term resolution to allow willing airlines to import jet fuel into the country.
    However, months after the intervention of the National Assembly, there is no respite yet as none of the resolutions agreed upon has been implemented.

    Latest articles

    Yahaya Bello Hiding in Kogi Government House, Alleges PDP Chieftain Usman Okai

    By Milcah Tanimu Austin Okai, the Peoples Democratic Party (PDP) candidate...

    Cholera Death Toll Rises to 37 as Lagos Records 401 Cases

    By Milcah Tanimu The ongoing cholera outbreak in Nigeria has resulted...

    Wales FA Dismisses Rob Page Following Euro 2024 Qualification Failure

    By Milcah Tanimu The Football Association of Wales (FAW) has officially...

    Nigeria’s Debt Stock Surges to N121 Trillion – DMO

    By Milcah Tanimu Nigeria's total public debt stock has reached N121.67...

    More like this

    Yahaya Bello Hiding in Kogi Government House, Alleges PDP Chieftain Usman Okai

    By Milcah Tanimu Austin Okai, the Peoples Democratic Party (PDP) candidate...

    Cholera Death Toll Rises to 37 as Lagos Records 401 Cases

    By Milcah Tanimu The ongoing cholera outbreak in Nigeria has resulted...

    Wales FA Dismisses Rob Page Following Euro 2024 Qualification Failure

    By Milcah Tanimu The Football Association of Wales (FAW) has officially...