Carriers Archives - Aviation metric

Aviation fuel volatility: Nigerian carriers on life support

Posted on April 28, 2026April 28, 2026 by Wole Shadare

The Nigerian aviation industry, often described as the local economy’s barometer, is currently screaming “Mayday,” writes WOLE SHADARE What began as a turbulent climb in operational costs has rapidly devolved into a free fall, leaving domestic carriers gasping for air as the price of Jet A1—aviation fuel—skyrockets to an unprecedented N3,300 per litre. For an industry where fuel typically accounts for 40% of operational costs, this 300% surge from just N900 in February 2024 has turned…

Minister: Nigerian carriers can’t compete without financing, fuel-efficient aircraft

Posted on April 1, 2026 by Wole Shadare

…Nation to grant conditional frequencies to foreign carriers …Airlines subsidising inefficiency Minister of Aviation and Aerospace Development, Festus Keyamo, said for decades, the government focused on saving airlines through bailouts or protective policies, but noted that the new focus is on ensuring they have the legal and financial infrastructure to save themselves. This is coming as the Minister addressed the tension between inviting foreign airlines and protecting local ones. He noted that the shift is toward…

Carriers refund N1B to passengers late 2025 as NCAA fumes over 5% TSC, CSC non-remittances

Posted on January 14, 2026January 14, 2026 by Wole Shadare

There are indications that passengers who were victims of poor airline service were refunded approximately ₦1,038,505,680.80 by the Nigeria Civil Aviation Authority (NCAA) in late 2025. The record shows that more than 5,285 passengers received payments during this window. The 2025 refund volume was the highest in the NCAA’s 25-year history. This milestone was largely attributed to a significant shift in regulatory enforcement and improved airline compliance. The refunds were issued due to flight disruptions, including…

Domestic carriers risk further contraction as local traffic drops to 12.54 million from 14.52 million

Posted on January 6, 2026 by Wole Shadare

· Local traffic dropped to 12.54 million, from 14.52 million Int’l traffic up by 8.4% increase The traffic figures from the Federal Airports Authority of Nigeria (FAAN) for 2022–2024 reveal a tale of two skies. While international travel has hit a three-year high, the domestic sector is in a steady decline, exposing profound structural weaknesses in the nation’s aviation economy. Data from the agency reveals a stark contrast between international and domestic air travel. The data show…

Yuletide: Airlines struggle as demand outstrips supply over carriers’ depleting fleet

Posted on November 21, 2025November 21, 2025 by Wole Shadare

Air fares rise by over 120% amid Christmas rush There are strong indications that passengers may go through excruciating pain to secure seats on aircraft, especially as the Yuletide approaches. This is a result of the acute shortage of aircraft among many airlines, which prevents them from transporting the vast number of travellers to their destinations. As Yuletide approaches, airlines are having a hectic time accommodating huge bookings and raising fares to an all-time…

Reprieve as dry-lease option beckons for carriers

Posted on July 2, 2025July 2, 2025 by Wole Shadare

Prospecting in the African continent is difficult ostensibly operating with barely enough working capital. With the Federal Government’s softening of the ground again for dry-leases, WOLE SHADARE writes that it is imperative to take advantage of these lease arrangements to empower Nigerian airlines Reprieve Nigerian airlines face a huge reprieve from aircraft lessors as they are prepared to return to favourable aircraft lease arrangements with dry leases. The willing carriers are set to return to a cost-effective way…

Expert seeks dedicated Forex allocation to halt aircraft depletion, others

Posted on April 1, 2025April 1, 2025 by Wole Shadare

The Chief Executive of Belujane Konsult, Mr. Chris Aligbe has called for a dedicated Foreign Exchange allocation to the airlines not just for anything but for maintenance and for payment of their lease rentals. This he said would alleviate the carriers’ burden of frantically looking for forex to bring back their aircraft that had been ferried overseas for maintenance; a situation he noted has led to depletion of operating aircraft by the airlines. Speaking to…

IATA: African carriers to achieve $0.2 billion profit in 2025

Posted on December 16, 2024 by Wole Shadare

High operational costs, low propensity to travel harm aviation in Africa While the global picture is one of strengthened profitability and a 3.6% net profit margin, the picture in Africa reflects the current environment of sustained demand against high operational costs – including many statutory taxes and charges on air transport –, relatively weak economies and low foreign exchange reserves. However, the International Air Transport Association (IATA) expects that African carriers will achieve $…

Järvinen: We’re keen to work with Nigerian carriers on regional connectivity

Posted on October 14, 2024October 14, 2024 by Wole Shadare

Juha Järvinen is the Chief Commercial Officer at Virgin Atlantic. He leads the Commercial function which includes Airline Commercial with network planning, joint venture with Delta and Air France-KLM, partnerships, and revenue management among other high-profile portfolios. In this interview with WOLE SHADARE, he speaks on the airline’s commitment to Nigeria’s aviation market, Africa as new frontier for airline expansion and growth opportunities and how Nigeria can leverage regional connectivity as one of the best options for…

Nigeria to shift foreign traffic imbalance to domestic carriers

Posted on September 23, 2024September 23, 2024 by Wole Shadare

The Minister of Aviation and Aerospace Development, Festus Keyamo said Nigeria is committed to expanding local airline capacity, aiming to shift the air traffic imbalance from foreign carriers to domestic operators. He disclosed this recently at the International Route Development Conference, Network Cargo 2024, in Moscow, Russia. The Minister stated that the nation’s aviation sector has significant untapped potential, which the government is determined to develop. He emphasised that most international traffic originating from Nigeria…

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