High Of Cost Fuel: Domestic Airline Operators To Shutdown Flight Operations

7
Advertisements
0
()
(Last Updated On: 2022-05-07)

 

Due to high cost of aviation fuel and other operational costs, domestic airline operators said they will shut down operations on Monday, May 9.

The information was conveyed in a letter addressed to the Minister of Aviation, Sen. Hadi Sirika, and the Nigerian Civil Aviation Authority, on Friday in Lagos.

It was signed by Captain Serina Abdulmunaf, President, Airline Operators Association.

He noted that overtime, aviation fuel price (JetA1) had risen from N190 per litre to N700 currently, and described the rise as “astronomical”

“While aviation fuel worldwide is said to constitute about 40 per cent of an airline’s operating cost globally, the present hike has shot up Nigeria’s operating cost to about 95 per cent.

“In the face of this, airlines have engaged the Federal Government, the National Assembly, NNPC and Oil Marketers with the view to bringing the cost of JetA1 down, to no success,” he said.

He said that the situation had made the unit cost per seat for a one hour flight in Nigeria to an average of N120,000.

Abdulmunaf regretted that the cost of aviation fuel had continued to rise unabated thereby creating huge pressure on the sustainability of operations and financial viability of the airlines.

“This situation is unsustainable and the airlines can no longer absorb the pressure.”

The president, however, appealed to travelers to kindly reconsider their travel itinerary and make alternative arrangements.

Abdulmunaf, however , said that the members appreciate the efforts of the current government to boost the growth of air transport in the country, and regretted the inconveniences the “very difficult decision may cause our ccustomers”.

Also Read  BA Slashes Price for First Class Summer Travellers
Advertisements

NAN

How useful was this post?

Click on a star to rate it!

Average rating / 5. Vote count:

No votes so far! Be the first to rate this post.

We are sorry that this post was not useful for you!

Let us improve this post!

Tell us how we can improve this post?

Advertisements

LEAVE A REPLY

This site uses Akismet to reduce spam. Learn how your comment data is processed.