Legit.ng on Nostr: Air Peace, others set to crash airfares further as Dangote begins fuel supply ...
Air Peace, others set to crash airfares further as Dangote begins fuel supply
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Domestic airline operators in Nigeria, including Air Peace, Dana Air, Arik Air, and others, may further reduce their airfares as the Dangote Refinery prepares to sell aviation fuel. The airlines had previously increased ticket prices by 100% to cover the rising cost of aviation fuel and exchange rate volatility. However, with the imminent supply of aviation fuel from the Dangote Refinery, airlines are expecting a drop in prices. The Managing Director of Aero Contractors, Ado Sanusi, stated that if there is a crash in the price of aviation fuel, it will have a positive impact on the industry. The reduction in airfares is also attributed to a drop in passenger volume. For example, Air Peace is offering economy class tickets for as low as N85,000 for travel on April 30th on the Lagos-Abuja route. Other airlines, such as Dana Air and Ibom Air, have also significantly reduced their fares. The Dangote Refinery plans to begin selling fuel soon, which is expected to further drive down airfares.
#AirPeace #DanaAir #ArikAir #DangoteRefinery #AviationFuel #Airfares #Nigeria
https://www.legit.ng/business-economy/industry/1589180-air-peace-dana-airlines-set-cut-airfares-dangote-begins-sale-aviation-fuel/
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Domestic airline operators in Nigeria, including Air Peace, Dana Air, Arik Air, and others, may further reduce their airfares as the Dangote Refinery prepares to sell aviation fuel. The airlines had previously increased ticket prices by 100% to cover the rising cost of aviation fuel and exchange rate volatility. However, with the imminent supply of aviation fuel from the Dangote Refinery, airlines are expecting a drop in prices. The Managing Director of Aero Contractors, Ado Sanusi, stated that if there is a crash in the price of aviation fuel, it will have a positive impact on the industry. The reduction in airfares is also attributed to a drop in passenger volume. For example, Air Peace is offering economy class tickets for as low as N85,000 for travel on April 30th on the Lagos-Abuja route. Other airlines, such as Dana Air and Ibom Air, have also significantly reduced their fares. The Dangote Refinery plans to begin selling fuel soon, which is expected to further drive down airfares.
#AirPeace #DanaAir #ArikAir #DangoteRefinery #AviationFuel #Airfares #Nigeria
https://www.legit.ng/business-economy/industry/1589180-air-peace-dana-airlines-set-cut-airfares-dangote-begins-sale-aviation-fuel/