Fares Archives - Aviation metric

Aero slashes fares on all routes to N80,000, eyes investors

Posted on December 3, 2024December 3, 2024 by Wole Shadare

Carrier sees 14% profit, reduces salary liabilities by 30% Nigeria’s oldest airline, Aero Contractors has slashed airfares for the festive season to N80,000 from over N110,000 airfares currently going for to many destinations in the country. Speaking to journalists at a media briefing at the airline’s office at the Murtala Muhammed Airport, Lagos on Tuesday, the Managing Director of the airline, Capt Ado Sanusi said the idea was to give back to customers during…

Foreign airlines returning to full capacity, fares may further tumble

Posted on June 11, 2024June 11, 2024 by Wole Shadare

…Offer more seats, seek additional frequencies, expansion The release of $850 million blocked fund by the Central Bank of Nigeria (CBN) to foreign airlines has begun to have a catalytic effect on the overall aviation travel chain as the sector is set to reap bountifully. Airlines have relaxed a lot of rules and regulations and are willing to launch back and begin to make money. Better things await the sector. The airlines see it…

How one-hour fare rose by 400% in 22 months

Posted on December 17, 2023December 17, 2023 by Wole Shadare

S’East, S’ South mostly affected Nigerians, accustomed to a certain range of airfare prices, are now grappling with the shock of exorbitant costs for domestic flights. The price of air tickets, especially for routes from Lagos and Abuja to other parts of Nigeria, has witnessed an alarming 100% increase in the past few weeks. In recent times, the skies above Nigeria seem to be soaring to new altitudes, not just in terms of flights…