Nigerian airlines resume cheap flights as naira sells for N1,100

LEGIT NG

Domestic airlines have raised the number of aircraft seats as part of initiatives to combat high operating expenses in the aviation sector, enabling more people to commute and boosting revenue.

This is amid reports that the naira sells for N1,100 per dollar in the parallel market.

A coping mechanism for increasing cost

Susan Akporiaye, President of the National Association of Nigeria Travel Agencies, addressed the impact of the lack of foreign currency.

According to Punch’s report, she said the new development was one of the coping mechanisms used by airline owners to expand the capacity of their airlines in the face of declining revenue.

She said that the lower seats would increase the average number of passengers every departure and reduce per-seat expenses despite being less expensive.

She said:

Nothing has changed in the operating costs yet due to the fluctuating exchange rate, which is affecting our operating costs. The only thing that has changed is that airlines are beginning to release the lower seats now. Some of them have started releasing lower seats.