Home Business Nigerian Aviation Boss Says Domestic Flights Among World’s Most Affordable Despite Price Complaints
Business

Nigerian Aviation Boss Says Domestic Flights Among World’s Most Affordable Despite Price Complaints

The Chairman and Chief Executive Officer of United Airlines Limited, Prof. Obiora Okonkwo, has insisted that flying within Nigeria remains comparatively inexpensive on the global stage, even as passengers express frustration over rising ticket costs.

Speaking on a national television programme, Okonkwo—who also serves as the spokesperson for airline operators in Nigeria—acknowledged concerns about higher fares but argued that, when measured against international standards, domestic air travel in Nigeria is still relatively cheap.

He explained that Nigerian carriers face significantly higher operating costs, including unfavourable loan terms, extensive taxes and levies, and expenses denominated in foreign currency, yet have kept basic fares low compared with many other countries.

Okonkwo maintained that cost pressures on airlines are real but countered claims of excessive pricing by pointing to international benchmarks and the complexity of fare structures, which often include a range of seat classes and ancillary charges.

His comments come amid wider discussion in the aviation sector about rising domestic ticket prices and regulatory scrutiny of airline pricing practices, especially during peak travel periods.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
Business

Hon. Amobi Ogah Engages Global Stakeholders at OTC Texas As Nigeria’s Energy Future Comes in Focus

U.S., Texas — Nigeria’s push for innovation and global collaboration in the...

Business

Fear of Oil Glut as NNPCL Raises Crude Prices Across Grades

Concerns are growing over a possible global oil glut as the Nigerian...

Business

Aliko Dangote’s Wealth Climbs to $34bn After $216m Single-Day Surge

Africa’s richest man, Aliko Dangote, has seen his net worth rise to...

Business

Nigeria’s Petrol Price Drops 15.6% Year-on-Year – NBS

The average retail price of petrol in Nigeria declined by 15.6 per...