Audio By Carbonatix
Nigerian airlines will stop operations from Monday until further notice due to the high cost of jet fuel, the Airline Operators of Nigeria association said on Friday.
Domestic flights have been disrupted since March as some started to cancel internal schedules while others delayed operations, citing scarcity of jet fuel.
Global jet fuel prices have soared after Russia's invasion of Ukraine triggered a surge in the crude oil market, hitting airlines and passengers with steep cost increases.
Jet fuel has risen to 700 nairas per litre in Nigeria from 190 nairas over a short period, the airline association said in a statement, saying that the cost of a one-hour flight has more than doubled to 120,000 naira, which is unsustainable.
Airline passengers in Nigeria pay for fares in naira, which has weakened sharply due to devaluations. Fuel suppliers however are paid in dollars, a scarce currency in Africa's top economy.
The association said the continued rise in the cost of jet fuel has created operational pressures that put into question their financial viability.
"To this end, therefore, the Airline Operators of Nigeria (AON) ... inform the general public that member airlines will discontinue operations nationwide with effect from Monday, May 9, 2022, until further notice," it said.
Latest Stories
-
Ghana’s HIV crisis: Stigma drives new infections as AIDS Commission bets on AI and six-month injectables
1 hour -
US Supreme Court agrees to hear case challenging birthright citizenship
2 hours -
Notorious Ashaiman robber arrested in joint police operation
3 hours -
Judge sets key dates after video evidence hurdle in Nana Agradaa appeal case
4 hours -
Who are favourites to win the 2026 World Cup?
4 hours -
Galamsey crisis spiritual, not just economic; Pulpit and policy intervention needed – Prof. Frimpong-Manso
4 hours -
We will come after you – Muntaka warns online fearmongers
4 hours -
Forestry office attack: Suspected gang leader arrested, two stolen cars recovered
5 hours -
How Asamoah Gyan reacted after Ghana was paired with England, Croatia, and Panama for the 2026 World Cup
6 hours -
Ghana Armed Forces opens 2025/2026 intake for military academy
6 hours -
Prime Insight: OSP vs. Kpebu and petitions to remove EC boss to dominate discussions this Saturday
6 hours -
Multimedia’s David Andoh selected among international journalists covering  PLANETech 2025 in Israel
7 hours -
Gov’t prioritising real action over slogans – Kwakye Ofosu
8 hours -
England are tough, but we can play against Ghana, Panama – Croatia coach reacts to World Cup draw
9 hours -
Togbe Afede urges Ghanaians to support made-in-Ghana products
9 hours
