Dollar Scarcity: Airlines Increase Airfares in Nigeria by 100%

               
Airlines in the country have increased airfares by as much as 100 per cent as a result of the development.

A survey of major Nigerian routes flown by foreign airlines indicated that the cost of return tickets had been increased by between 80 per cent and 120 per cent of the previous fares, depending on the carrier, time of booking and the season.

The survey cuts across Nigeria-North America routes, Nigeria-South Africa route, and Nigeria-Europe routes. Airfares on the Lagos-London, Abuja-London, Lagos-New York, Lagos-Atlanta, Lagos-Houston, and Lagos-Johannesburg routes were examined.

Local airlines operating international flights, especially Arik Air and MedView Airlines, have also increased their airfares.

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