Nigerians airlines may not cut ticket fares – Stakeholders.
Written by crest887fm on August 15, 2021
Stakeholders in the aviation industry have said the charges paid by airlines in Nigeria and the cost of operation make it difficult for them to reduce their ticket fares.
A member of Aviation Round Table, Olumide Ohunayo, in an interview with newsmen said the cost of tickets was still rising due to the naira-dollar exchange rate.
He said, “Most of the expenses of the airline are denominated in dollars; they have to buy spares, train their crew and spend money on certification. When you put all these together, it is a big cost to them.
“Also, the aviation fuel price keeps getting worse. We do not refine, we transport. As you leave Lagos, the cost of the aviation fuel keeps rising.”
He added that the insecurity in the country had prevented airlines from expanding, as they had to spend so much providing security for some of their personnel, including expatriates, and other important guests.
Ohunayo said, “Almost all charges and payments to agencies have increased by ratio. All of these would return to the passengers. The tax collected by the Federal Airports Authority of Nigeria has also doubled.”
The Managing Partner, Aglow Aviation Support Services Limited, Tayo Ojuri, said, “At the moment, we might not anticipate low ticket fare because airlines have to put some factors into consideration such as the crew, maintenance insurance, as well as the cost of operations, including the aviation fuel.