The Digest:
Amid widespread passenger complaints over rising airfares, United Airlines CEO Professor Obiora Okonkwo has asserted that domestic travel in Nigeria remains one of the most affordable in the world. Speaking as a spokesperson for local airline operators, Okonkwo explained that carriers face enormous dollar-denominated costs and high-interest loans, yet keep fares relatively low compared to international markets.
Key Points:
- Prof. Okonkwo made the claim during an interview on Channels Television.
- He argued that Nigerian airlines operate the same aircraft and pay similar staff costs as global counterparts.
- Key challenges include dollar-based expenses for maintenance, spare parts, and equipment.
- Local airlines access loans at 30–35% interest, versus 2–7% abroad.
- He stated that high ticket prices in other categories subsidize cheaper economy seats.
- Okonkwo attributed recent fare spikes to festive season demand, a global trend.
- He dismissed online posts of ₦400,000 tickets as sensationalized business or premium fares.
Sources: Punch
