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Post-Yuletide: Festive bazaar ends as airlines fly empty, return to equilibrium

Posted on by Wole Shadare
Post-Yuletide: Festive bazaar ends as airlines fly empty, return to equilibrium

  While the ‘Yuletide bazaar’ saw tickets peaking between N400,000 and N650,000 due to desperate demand, the post-holiday return to normalcy is proving to be a sober reality check for the industry, writes WOLE SHADARE As the “Yuletide Bazaar” winds down, the Nigerian aviation market is experiencing its traditional but sharp correction. The shift from the N300,000– N600,000 peak-season spikes back to low-season pricing is now in full swing, though the floor for these fares…

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Africa’s empty skies aided by low propensity to fly

Posted on by Wole Shadare
Africa’s empty skies aided by low propensity to fly

This basic concept of own-price elasticity of air travel in different market segments suggests that if air fares are reduced on Nigeria’s domestic routes, demand for air travel is likely to increase, since these routes are short-haul, and the prohibitive costs of air travel exclude several potential consumers of the service, writes WOLE SHADARE . The disclosure by the International Air Transport Association (IATA) last week, lamenting the high cost of flying’s disruptive impact on the…

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