The Chief Executive Officer of Air Peace, Mr. Allen Onyema, on behalf of other Nigerian airlines, has cried out that they cannot operate for more than 72 hours due to the high cost of aviation fuel.
The Latest:
Airline ticket set to rise as an increase in aviation fuel looms
Current Situation
Aviation fuel in March 2022 increased to N670/liter from the N190/liter it was in January. The 304% increase in aviation fuel has seen prices of domestic flight double.
The recent cries by Nigerian airlines are that if the situation persists, they would yet again double flight tickets to fund operations. This means that flight tickets would be 4times what they were in January 2022.
What they are saying
The airlines demand that the Nigerian government give them the license to import aviation fuel directly.
Meanwhile, the Group Managing Director, GMD, Nigerian National Petroleum Corporation, NNPC, Mele Kyari, has assured the airlines that aviation fuel will sell for N500/liter for the next three days, when the stakeholders would work out a permanent solution.