Airline operators to shut down operations from Monday, May 9, as cost of aviation fuel hits N700 per litreNigeria’s airlines under the aegis of Airline Operators of Nigeria (AON) have announced their plans to shut down flight operations over what they called astronomical hike in the price of aviation fuel. “Overtime, aviation fuel price (JetA1) has risen from N190 per litre to N700 currently. No airline in the world can absorb this kind of sudden shock from such an astronomical rise over a short period. While aviation fuel worldwide is said to cost about 40 per cent of an airline’s operating cost globally, the present hike has shut up Nigeria’s operating cost to about 95 per cent. The statement, which was signed by the president of AON, Alhaji Abdulmunaf Yunusa Sarina and eight other operators, was sent to the minister of aviation and the Nigerian Civil Aviation Authority.

Source: Nigerian Tribune May 07, 2022 00:19 UTC