A one-way flight could cost between N400,000 and N500,000 if airlines fully transferred the cost of surging aviation fuel prices to passengers, operators have told Daily Trust. Fuel costs have risen over 300% from N900 to nearly N3,000 per litre. Ibom Air said fueling a single flight has jumped from N2.1 million in January to N7.6 million, a 350% increase in seven weeks. Airlines are operating at near-zero profit margins
Key Points:
- Fuel now takes over 40% of an airline's operating cost.
- NMDPRA says Jet A1 should range between N1,760 and N2,037 per litre.
- Dangote Refinery's gantry price is N1,799, but airlines buy at over N2,400.
- Aero Contractors' CEO urged the FG to waive taxes on aviation fuel.
- Airlines warn they may reduce capacity or be unable to continue operating.
Operators are calling for transparent pricing and urgent government intervention.
Sources: Daily Trust
