Nigeria: Passenger Traffic, Air Fares Fall Soon after Yuletide

George T. Taft

Air fares have begun coming down following the Yuletide celebration as passenger traffic has dropped at the airports.

THISDAY checks unveiled that there has been reduction in passenger targeted traffic on quite a few of the routes, but the Abuja-Lagos Lagos-Abuja and Abuja-Owerri Owerri-Lagos routes continue to report substantial visitors, even.

On the other hand, the cost of overall economy course has arrive down to N27, 000 from the about N60, 000 bought in the course of the Yuletide.

Spokesman of Arik Air, Adebanji Ola, advised THISDAY that airfares have marginally occur down, but continue to fairly significant as opposed to this time the earlier yrs. He attributed this to the weakening exchange amount from the pounds.

He reported as long as the value of the dollar continues to be significant in contrast to the naira, airfares would however be higher as aviation expenses are denominated in pounds.

“Sure fares have arrive down but they are nonetheless pretty high simply because the trade price to the dollar is still really superior. That was the important rationale that drove up airfares through Christmas time.

“Indeed, there was high need of tickets, which pushed the fares to upper bucket immediately after the decreased bucket was fatigued due to demand from customers, but fares will continue to be higher. What we have now is marginal decrease,” he claimed.

The Arik Air Communications Manager also explained that the elimination of 7.5 for each cent VAT from aviation also served to push down the fares.

“We have taken off VAT from our fares, but fares are however fairly superior till naira gains price versus the greenback,” he mentioned.

Journey specialist and organiser of Akwaaba African Travel Industry, Ikechi Uko, advised THISDAY that the charge of operations for airlines is in dollars, apart from employees, which is not a substantial margin of expenditures, as maintenance, teaching, spares, insurance policies and plane acquisition are expended in bucks.