Airfares officially less than the 100% since March
By Jeph Ajobaju, Chief Copy Editor
Airfares on average rose 4.43 per cent from N44.825.04 in February to N46,810.62 in March, according to the latest National Bureau of Statistics (NBS) data, something clearly at variance with a 100 per cent hike in reality from February.
“The average fare paid by air passengers for specified routes single journey, increased by 4.43 per cent on a month-on-month [MoM] from N44,825.04 in February 2022 to N 46,810.62 in March 2022.
“Year-on-year [YoY), the fare rose by 28.26 percent (N36,495.41) in March 2021,” the NBS disclosed in its “Transport Fare Watch in March 2022” report.
The report also covers
- Bus journey within the city per drop constant route
- Bus journey intercity, state route, charge per person
- Air fare charge for specified routes single journey
- Journey by motorcycle taxi (Okada) per drop
- Water way passenger transport
Airfares in reality
Airfares shot up more than 100 per cent in February, caused by scarcity of jet fuel, high maintenance costs, non-availability of foreign exchange, Customs delay in clearing spare parts, and other problems – none of which has been solved.
Airlines that raised fares for a one-way economy flight from Lagos to and from Abuja, Port Harcourt, Kaduna, and Warri included:
- Azman Air – N50,000
- Max Air – N50,000
- Ibom Air – N53,000
- Arik Air – N50,250
- Air Peace – N50,000
- Dana Air – N50,000
- United Nigeria – N50,750
Passengers who booked on the day of travel paid between N80,000 and N100,000 for a one-way economy.
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Other fare rises in March
Per reporting by The Nation, the NBS said
- Average fare for bus journey intercity per drop rose to N3,270.94 in March, an increase of 5.29 per cent against N3,106.72 in February.
- Average fare for bus journey within city per drop increased 4.41 per cent MoM from N513.72 in February to N536.35 in March.
- Average fare for bus journey within city per drop rose 42.17 per cent year-on-year (YoY) from N 377.27 in March 2021 to N536.35 in March 2022.
- Average fare for journey by motorcycle per drop hiked 4.22 per cent from N379.12 in February 2022 to N395.12 in March.
- Average fare for journey by motorcycle per drop jumped 45.57 per cent YoY from N271.44 in March 2021 to N395.12 in March 2022.
- Average fare for water transport (water way passenger transportation) slashed 2.53 per cent from N 913.13 in February 2022 to N890.03 in March.
- But average fare for water transport spiked 10.10 per cent YoY from N808.38 in March 2021 to N890.03 in March 2022.