The Digest:
The Airline Operators of Nigeria (AON) has warned that all domestic airlines may suspend operations from April 20 due to the rising cost of aviation fuel. AON said Jet A1 price has increased from N900 per litre in February to N3,300 per litre — a rise of over 300 percent. The group described the increase as "astronomical and artificial," warning that airline revenues are now insufficient to cover fuel costs alone. One airline has already suspended operations since March 13.
Key Points:
- The fuel price increase is not in line with global crude oil price benchmarks (about 30%).
- Increasing ticket prices could reduce passenger traffic.
- A shutdown would impact financial institutions, jobs, and national security.
- The notice was copied to President Tinubu, Vice President Shettima, and aviation authorities.
- AON called this their "final appeal" before the April 20 deadline.
