A lingering scarcity of Jet A-1 (aviation fuel) and the consistent price hikes have forced Nigerian domestic airlines into a major operational shift, grounding large, fuel-heavy jets to smaller, fuel-efficient regional aircraft.
The economic realities of the sector have deteriorated over the last five years. In Nigeria, the price of aviation fuel skyrocketed nearly four times from under N900 per litre at the end of 2023 to a sharp rise between N2,200 and N3,300 per litre in 2026.
This domestic surge reflects an equally global crisis, where jet fuel prices have jumped by over 100 percent to more than $200 per barrel. Soaring input costs have inflated airline overheads, leaving operators with no choice but to implement airfare increases.
However, these higher ticket prices have triggered an obvious consumer backlash. BusinessDay gathers that during off-peak periods, airlines experience very low bookings as travellers push back against expensive airfares.
This drop
This post was originally published on this site.
