Obviously, the entire hardship which is speedily dwindling the fortunes of the entire country including private investments is equally telling on the domestic airline business and other activities within the sector. Though there are many other issues hindering the profitability of the domestic carriers, the most challenging of them is the high price of aviation fuel and the unstable foreign exchange. Presently, among the functional airlines in Nigeria namely; Ibom Air, Dana Air, Air Peace, Arik, Aero Contractors, Azman, Max, Green Africa, United airlines and Overland Airways, only five or six fall into the category of functional airlines while others are operating on one leg in the face of the overwhelming challenges. ALSO READ FROM NIGERIAN TRIBUNEFrom all indications, two or three of the functional airlines are moving very close to shutting down operations in view of the challenges. At the rate things are going, if government fails to intervene, there may be no domestic airline business sooner than later.
Source: Nigerian Tribune June 23, 2022 06:52 UTC