Due to an Increase in Fuel Prices, Nigerian Airlines Shut Down Flights

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  • Nigerian airlines intend to suspend all domestic flights starting Monday due to a four-fold increase in jet fuel prices, from about $0.45 to $1.70 per liter.
  • The sudden increase in price is due to Russia’s invasion of Ukraine in February, which caused many countries to impose sanctions on Russia, the world’s major exporter of oil and gas. 
  • “No airline in the world can absorb this kind of sudden shock from such an astronomical rise over a short period,” said the Airline Operator of Nigeria. 
  • They claim that the increased cost of flights will be unaffordable to Nigerians who are “already experiencing a lot of difficulties.”
  • The aviation ministry responded by urging airlines to reconsider. Social media users made fun of the airline’s suggestions for its consumers to find other means of travel. 

The post Due to an Increase in Fuel Prices, Nigerian Airlines Shut Down Flights appeared first on The Analyst.





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