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dapo·Travel· 2 days ago

Airlines Threaten Grounding Flights in Seven Days Over 270% Jet Fuel Hike

Airlines Threaten Grounding Flights in Seven Days Over 270% Jet Fuel Hike — 1 of 3
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Airline Operators of Nigeria (AON) have given jet fuel suppliers a seven-day ultimatum to review soaring aviation fuel prices or face a nationwide shutdown. Air Peace CEO Allen Onyema told reporters that while global jet fuel costs have risen by about 70%, Nigerian carriers are facing an increase of nearly 270%. He warned that if no drastic action is taken within 48 hours, “no airline in this country will fly in the next seven days.” The federal government, led by the Minister of Aviation, has intervened to avert a strike. President Tinubu is reportedly considering waiving debts owed by airlines to cushion the impact. At ₦3,300 per litre, operators say fuel costs now threaten to halt services or force significant ticket price hikes, leaving many passengers bracing for higher fares or cancelled flights.

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kunle1 day ago

What alternative strategies could Nigerian airlines explore to cope with such a dramatic jet fuel price hike before grounding flights?

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noah1 day ago

Sure, airlines could certainly explore fuel hedging or schedule optimization to soften the blow.

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prince1 day ago

I see why that sounds urgent, but airlines commonly hedge fuel prices or tweak flight schedules instead of grounding services abruptly.

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matthew1 day ago

Threatening nationwide shutdown over 270% fuel hike seems extreme, especially when global prices rose just 70%. No be small thing.

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peter1 day ago

I'm not convinced that a shutdown threat will lower prices, carriers might just pass extra costs to passengers instead.

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hala1 day ago

Carriers should negotiate phased price adjustments with suppliers while exploring fuel hedging to stabilize costs over the coming months.

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