Nigerian airlines will stop operations due to the high cost of jet fuel, says the Airline Operators of Nigeria association
The continued rise in the cost of jet fuel has created operational pressures that put into question their financial viability.
Jet fuel has risen to 700 naira per litre in Nigeria from 190 naira over a short period, the airline association said in a statement, saying that the cost of a one-hour flight has more than doubled to 120,000 naira, which is unsustainable. The association said the continued rise in the cost of jet fuel has created operational pressures that put into question their financial viability.
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