Nigeria: Airlines Blame Dollar Scarcity, Pandemic for Rising Airfares

nigeria airlines blame dollar scarcity pandemic for rising airfares

Airlines have attributed the skyrocketing airfares, which have elicited disaffection from travellers to the scarcity of dollars and the COVID-19 pandemic.

The airlines, in separate interviews with THISDAY warned travellers to brace for a higher fare regime as economic indicators show that the problems are not likely to abate soon.

From N28, 000 for a one-hour flight after the high season in December 2020, the average cost of a one-hour ticket has now risen to N60, 000 for a one-way ticket and could rise as high as N120, 000 if a passenger buys a ticket on the day he is travelling.

The airlines attributed the soaring airfares to dollar scarcity, which has forced them to resort to the parallel market for the greenback.

They appealed for the intervention of the Central Bank of Nigeria (CBN) to create special forex window for aviation.

They also attributed the hike in fare to the fact that many aircraft that were taken out of the country for maintenance were yet to be brought back because of the pandemic, which has hindered activities in some countries.

Owing to this, Nigerian carriers have a limited fleet but high demand for air travel, as insecurity continues to discourage many people from travelling by road…

Want to know more click here go to source.

From -
Close
Generic selectors
Exact matches only
Search in title
Search in content
Menu

Site Language


');(document.contains)||document.write('');(window.DOMRect)||document.write('');(window.URL&&window.URL.prototype&&window.URLSearchParams)||document.write('');(window.FormData&&window.FormData.prototype.keys)||document.write('');(Element.prototype.matches&&Element.prototype.closest)||document.write('')

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close