Passengers Worry As Air Peace, Dana Air, And Others Unveil New Ticket Price

Passengers Worry As Air Peace, Dana Air, And Others Unveil New Ticket Price

There’s mounting concern among travelers as major airlines like Air Peace, Dana Air, and others announce increased ticket prices for domestic flights, prompting a notable decline in passenger traffic at airports nationwide……READ ALSO Breaking: One Missing In Lagos Boat Accident Involving 17 Passengers

Observations at Nigeria’s busiest terminals, including the local airport terminal in Abuja, the General Aviation Terminal (GAT) in Lagos, and Murtala Muhammed Airport, Lagos (MMA2), reveal a significant reduction in passenger volume, particularly for outbound flights.

According to BusinessDay, the spike in airfares is attributed to various factors, with aircraft fuel costs constituting a substantial portion of operating expenses, followed by labor, aircraft rent, and ownership expenses.

The depreciation of the naira against the dollar, coupled with soaring aviation fuel prices, has forced airlines to adjust ticket prices to cover rising operational costs.

Ticket rates for economy class seats have surged across major routes. For instance, a one-way economy class ticket from Lagos to Abuja, previously priced at N55,000, now ranges between N100,000 and N150,000 on Air Peace, and N90,000 to N160,000 on United Nigerian Airlines.

Similarly, fares for flights from Lagos to Port Harcourt have witnessed a considerable hike, with ticket prices soaring from approximately N55,000 to between N105,000 and N160,000 on Air Peace.

Stakeholders in the aviation industry have voiced their concerns over the escalating costs, highlighting the challenges posed by exorbitant fuel prices and the exchange rate.

Osita Okonkwo, the Chief Operating Officer of United Nigeria Airlines, emphasized the impact of rising operational expenses on profitability, stressing the difficulty in sustaining operations amid increasing costs.

Ndukwe Ginika Ogechi, the Chief Executive Officer of Geena Travels And Tours Ltd, noted the subdued passenger turnout attributable to the prohibitive cost of air travel.

As airlines grapple with soaring operational expenses, passengers brace themselves for higher fares, signaling a challenging period ahead for air travel in Nigeria.

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