Airfares May Rise to N200, 000 for One-Hour Flight in December Chinedu Eze There is no sign that airfares in domestic flights may come down as many hoped when the base far rose to N50, 000 for one hour flight abo
There is no sign that airfares in domestic flights may come down as many hoped when the base far rose to N50, 000 for one hour flight about seven months ago; rather, the base fare has risen to N70, 000.
Industry stakeholders said that the entrance of these airlines did not make much impact because they do not have many aircraft in their fleet. THISDAY learnt that Aero may bring in about four aircraft into the market and this may increase to six by December, as it plans to bring down the soaring fares.
“Obviously, the rise in fares to N100, 000 for one hour flight is inevitable. I can tell you that all the airline operators, in the last three months, have been losing money, a huge amount of money. There is too much stress on the operational fronts for them to break even. “We need to commend domestic airlines for what they have been doing and how they have been contributing to the economic development of the country. Four new airlines joined the market since after COVID-19, so compared to other countries, Nigeria is doing well. These new airlines have come with innovations. They are not only going to the trunk routes, but also to the other routes as well,” he said.