Operational cost

Airlines mull further fare hikes over high operational costs

Posted on by Wole Shadare
Airlines mull further fare hikes over high operational costs

…lament almost empty flights ….Why we’re flying at a loss, by Okonkwo  Nigerian carriers are lamenting the sharp drop in load factor, especially after the peak Yuletide season, a situation they said is leading to revenue losses. The spokesman for Airline Operators of Nigeria (AON), the umbrella body for airlines in the country, Prof. Obiorah Okonkwo, said that from late January and into February, the carriers were practically flying empty because the market was low….

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Low patronage forces fare adjustment amid airlines’ rising operational costs

Posted on by Wole Shadare
Low patronage forces fare adjustment amid airlines’ rising operational costs

  Passenger traffic shrinks, carriers lament   A sharp reduction in the number of people that travel within the country and the harsh economic reality may have unwillingly forced airlines to adjust fares downward despite the myriad of challenges the carriers are faced with. Fares which jumped astronomically in July 2023 from N50,000 to between N80,000 and N100,000 for a way trip to Lagos from Abuja or to Lagos to Port-Harcourt have reverted to N65,000…

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