The current spike in the exchange rate of the dollar to the naira may be taking its toll on the country’s foreign-exchange-dependent aviation sector as airline operators seek to increase their fares by 45 per cent. The dollar exchange rate, which currently stands at N350, according to the airline operators, has further pushed the cost of running the business beyond […]
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LOCAL AIRLINES LOSE N500M DAILY AS FUEL SCARCITY CRIPPLES SECTOR
Aside the inconveniences experienced by air passengers on account of delayed or canceled flights since the week began, airline operators are counting their loses as the fuel scarcity continue to bite harder grounding at least two in every three flight operations nationwide. The airlines that have been struggling to remain in business due to economic crunch are now in dire […]
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