Domestic airlines in Nigeria are grappling with significant financial challenges following a sharp 80% rise in the price of Jet-A1 fuel, commonly known as aviation fuel. The Airline Operators of Nigeria reported that the price soared from approximately N1,000 per litre to about N1,800 per litre in just two weeks. This sudden increase places immense pressure on airline operations, as aviation fuel constitutes the largest cost component, accounting for 30 to 35% of total operating expenses.

Industry experts attribute this price spike to the ongoing conflict in the Middle East, which has led to a surge in global energy prices. This has further compounded the financial burden on Nigerian airlines, which have to navigate fluctuating costs amidst an already challenging economic climate. The spokesperson for the Airline Operators of Nigeria, Professor Obiora Okonkwo, emphasized the severe strain that this situation has placed on airlines and the broader implications for air travel in the country.

Despite the pressure, many airlines have thus far avoided immediately passing on these costs to consumers, indicating a reluctance to raise ticket prices amid declining passenger numbers and growing operational challenges. The situation raises concerns about the viability of the local airline industry and its ability to sustain operations if fuel prices continue to rise unchecked. Without intervention or support, the future of domestic air travel in Nigeria could be jeopardized, affecting not only airlines but also the economy as a whole.