Air transport fares rise by 52.44 percent Year-On-Year

The average airfare paid by passengers on specified routes for a single journey has increased year-on-year by 52.44 percent, a National Bureau of Statistics report has shown.

Part of the report reads “The average fare paid by air passengers for specified routes on single journey, increased by 18.57% on a month-on-month basis from N46,810.62 in March 2022 to N55,501.49 in April 2022. On a year-on-year basis, this rose by 52.44% from N36,409.46 in April 2021.”

The NBS said in its “Transport Fare Watch (April 2022),” that airfares recorded an 18.57% increase on a month-on-month basis.

On state profile analysis, Taraba recorded the highest air transport charges (for specified routes single journey) in April 2022 with N65,000.00, followed by Kogi with N64,258.91, while Kano recorded the least with N50,000.00.

Analysis by zone also showed that the North-Central recorded the highest airfare in April, 2022 with N57,552.54, followed by the North-East with N56,800.16, while the South-East had the least with N53,402.58.

The significant hike in airfares, according to reports, are attributed to challenges like, energy price hikes and lack of access to foreign exchange.

Earlier, domestic airline operators threatened to ground their operations due to a substantial increase in the price of Jet A1, also called aviation fuel.

Read Report here 

NBS/Hauwa Abu