Nigerians Nevertheless Traveling In Spite Of Excessive Airfares

Nigerians are nonetheless taking to the air this summer season in spite of announcement of a new dollar exchange price for the sale of air tickets, which has affected the fees of ticket from Nigeria to international destinations.

This is as the International Air Transport Association (IATA) in Montreal, Canada, introduced that from Friday, its exchange charge for ticket sales, which stood at N327.7 to a greenback previously this week, will expand to N359.40 to a dollar from today.

As a result, tour groups Thursday remaining week suggested visitors to buy their tickets to information against excessive ticket cost.

Three weeks ago, IATA, representing over 290 global airlines, reviewed the greenback alternate rate for the sale of tickets for flights out of Nigeria.

Airlines tickets have improved through 6 percent after adjustment of reference greenback alternate fee to N325 on August 1, towards N315 to N320 interbank rate.

“Expectedly, the exchange costs fluctuations affect the costs of tickets as airways sell tickets in naira and repatriate their monies in dollars,” Tayo Ojuri, enterprise expert/CEO, Aglow Limited, an aviation aid service, said.

Business Day’s tests exhibit that a return economy type ticket on the Lagos-London route, which in the past fee about N648,500 or less a few months ago when the interbank rate was once between N315 to N330 to a dollar, now prices N690,000 or extra this month, relying on airline or time of travel, representing nearly 6 percentage increase.

The well-known Lagos-Dubai route that in few months ago had a return economy ticket costing N240,000 or much less now charges N260,000 or more, representing a 7.6 percentage increase.

Further tests exhibit that despite this increase, the load elements for these areas are over 96 percent, as airlines are strengthening their presence in the Nigerian market.

A top tour corporation in the country, who craved anonymity, informed BusinessDay that Nigerians were still on the pass to areas such as Dubai, London, New York, Atlanta and South Africa.

“During summer, Nigerians love to go to Dubai and London to shop, while some go to New York, Atlanta and South Africa due to the fact of the visitor points of interest in these locations.

“The demand to travel to locations such London, United States and Dubai has picked up again, appreciably in contrast to remaining year when humans had to opt to shift their travel locations to African countries, while others had to delay their trips, pending when the situation will be better.

“As a end result of the oil crisis, Nigeria confronted financial downturn. However, I am blissful to see that we are coming again much quicker than expected. It is true news for everyone. However, while we had been passing thru the recession, leisure journey was affected as human beings spent much less on expenses that may want to be reduce down,” Nilesh Thakkar, chief industrial officer, Satguru Travels, advised Business Day.

Some airways are witnessing over 20 percentage upward push in the bookings, specially for new and less expensive destinations, and others are seeing nearly double of the variety of passengers who booked for same destinations ultimate summer.

Comparing passenger traffic in May 2016 and 2017, which is when most bookings for summer time are confirmed, the Federal Airports Authority of Nigeria recorded steadiness and growth in the extent of passengers. While about 223,531 passengers traveled for outbound destinations in May 2016, 243,994 went for equal motive in May 2017.