Aero Contractors and DANA Air’s, air costs have decreased on major routes in advance of year-end travel, also known as Yuletide Traffic in the aviation industry.
This is due to increased airline competition brought on by the return of the two domestic carriers.
Along with the returned carriers, the impact of new airlines like Green Africa Airways and Value Jets Airlines, who are penetrating the aviation industry, is also a factor in the decline of airfare.
According to experts familiar with the situation, the decrease in prices could be explained by the availability of more planes and, consequently, more seats for travelers to reserve.
However, a research by The Nation revealed a there is fierce competition among airlines that fly between Lagos and Port Harcourt, with one airline using rotary-wing propeller aircraft charging between N42,600 and N52,500 for a ticket while another using fixed-wing/jet aircraft charges between N55,000 and N59,000.
Fares on the Lagos/Akure route fluctuate between N42,500 and N64,000 every trip.
Competition amongst the airlines is much more fierce on Northern routes, including as Lagos, Maiduguri, Gombe, Kano, Kaduna, Sokoto, Birnin Kebbi, and others.
On the Lagos to Kano route, one carrier is offering between N60,000 and N65, 000, while another operator is providing between N55, 000 and N60, 000.
The cost of travel between Lagos and Kaduna ranges from N70,000 to N75,000.
Prices between Lagos and Sokoto range from N84,500 to N151,000 each way.
One of the airlines charges between N78, 000 and N100, 585 in fares for the travel between Lagos and Maiduguri. The cost of a ticket for the Lagos to Yola route can range from N85, 739 to N108, 593.
