Nigeria’s domestic air travel is expected to see a sharp increase in the coming months, as carriers try to stay afloat amid rising fuel prices (Business Day Online, 04-Aug-2011). A report released by Augusto & Co stated the hike in jet fuel prices would adversely affect carriers in the domestic market. “In 2011, we envisage high oil prices through the year, occasioned by a prolonged civil crisis in some oil rich regions like Libya. This would translate to a hike in aviation fuel prices through import shortages and speculative hoarding. The resultant effect would be lower margins for domestic airlines if consumers resist an increase to air fares,” the report stated. The domestic aviation sector is continuing its five-year run of low profit margins and still faces debt owed to regulators and service providers.
Nigerian domestic airfares to report sharp rise
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Ethiopian Airlines expands in West Africa with 737-800s at Togo affiliate ASKY & Lome-Newark service
Ethiopian Airlines is building up its West African operation, through expansion at the Togo-based affiliate ASKY and new long haul services from Lome to New York and São Paulo. ASKY is adding capacity to several of its 19 destinations as it takes delivery of two 737-800s, which will be the largest aircraft in its fleet.
ASKY took delivery of its first 737-800 in early Jun-2016, giving it a fleet of eight aircraft including three 737-700s and four Bombardier Dash 8 Q400s. ASKY plans to take delivery of a second 737-800 by the end of 2016, which will be used to replace one of its Dash 8 Q400s, driving a further increase in capacity.
Ethiopian resumed services from Lome to São Paulo in May-2016 and plans to launch services from Lome to Newark in early Jul-2016. ASKY is playing a critical feeder role for both long haul routes and its expansion also enables it to increase its share of the intra-West Africa market.