Nigerian airlines have raised the cost of domestic flight between Lagos and Abuja due to the rising cost of jet fuel.
According to research done on Saturday by Peoples Gazette, while economy seats on Air Peace flights departing on Sunday at 10:40 a.m. and 7:50 p.m. cost N100,000 each, seats on Max Air flights departing at 8:30 a.m. and 9:10 a.m. cost N125,000 and N130,000, respectively.
With flights at 2:55 p.m. and 3:20 p.m. sold out, seats on an Air Peace aircraft scheduled for 6:30 a.m. on Sunday were still available for N85,000.
The Gazette verified, and the prices for Max Air’s flights at 5:20 p.m. and 6:15 p.m. were still N84,000 and N75,000, respectively.
Additionally, the cost of an economy ticket in Arik ranged from N80,595 to N93,452, with the single Sunday trip offered by Ibom Air selling tickets for N78,000.
The aviation industry is facing a number of difficulties, including a rise in the cost of jet A1 and the high cost of facility maintenance brought on by ongoing inflation and the weakening of the nation’s currency.
The sweltering effects of the soaring price of aviation fuel forced Nigeria’s oldest airline, Aero Contractors, to temporarily cease operations earlier in July.
The airline reported that recent operations have been difficult, citing high maintenance costs, soaring fuel prices, inflation, and a lack of foreign currency as some of the difficulties experienced by airline operators.
Remember how airline operators threatened to suspend flights in May due to the constant increase in aviation fuel prices from N160 to N900 per litre?
The union had lamented the over 95% increase in operational costs in a letter to the minister of aviation, Hadi Sirika.
The House of Representatives decided in May to sell six million liters of aviation gasoline to airline operators for the next three months at a price of N480 per liter in order to prevent future disruptions in the aviation sector.
According to speculations, however, airlines will cease operations in the nation due to the ongoing increase in aviation fuel prices as well as other environmental issues.