Local commercial airlines will stop flying from Monday 9, May, due to the increasing cost of operations.
The Airline Operators of Nigeria (AON) say aviation fuel has shot up the local operating costs to about 95% against the global industry average of 40%.
This is because the JetA1 fuel that is used in airlines has risen from N190 a litre to N700.
“In the face of this, airlines have engaged the Federal Government, the National assembly, NNPC and Oil Marketers with a view to bringing the costs of JetA1 down which has currently made the unit cost per seat for a one-hour flight in Nigeria today to an average of N120,000 the latter cannot be fully passed to passengers who are already experiencing a lot of difficulties,” the AON wrote in a memo.
As a result, commercial airlines will cease on Monday “until further notice.”
