Lagos To London: Air Peace Flight Fare Sparks Price War

Foreign airlines have further slashed airfares on the Lagos-London route to compete with Air Peace, which recently commenced flight operations on the route.

The development follows price cuts by the airlines from as much as N3.5m between January and February 2024, to an average price of N1.4m last week. “Now that Air Peace has come into that space with a direct flight that will not cause any layover in any other country, the price has dropped. Why? What happened? Is there a magic around that? We should be able to question what made the prices drop.

“It’s a very devilish conspiracy. All of a sudden, airlines are under-pricing, below the cost, it’s not up to one month, an airline was advertising $100, another one $305, $350. Fill up the entire aircraft and carry people on the wings, it’s not even enough to buy your fuel. So, why are they doing that? Their governments are supporting them because Nigeria has been a cash cow for everybody.

Nwokoma added that while foreign airlines seek collaboration, the association would continue to encourage foreign airlines to cut prices.

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Allen Onyema: Air Peace battled local, foreign obstacles over Lagos-London flightNigeria's independent online newspaper
Source: thecableng - 🏆 2. / 80 Read more »

Keyamo commends Air Peace as airline launches Lagos-London flightThe Nation Newspaper Keyamo commends Air Peace as airline launches Lagos-London flight
Source: TheNationNews - 🏆 6. / 69 Read more »

PHOTOS: Air Peace begins Lagos-London flight servicesNigeria's independent online newspaper
Source: thecableng - 🏆 2. / 80 Read more »

How politics sabotaged Air Peace’s earlier plans for London routeOnyema narrated how Air Peace purchased three 777s airplanes in preparation for commencing direct flights from Lagos to London but was denied by dirty 'international aero politics'.
Source: GuardianNigeria - 🏆 1. / 94 Read more »

We are working on Abuja-London, Houston, New York routes — Air Peace CEOThe Nation Newspaper We are working on Abuja-London, Houston, New York routes — Air Peace CEO
Source: TheNationNews - 🏆 6. / 69 Read more »

Fresh push for fly Nigeria act as Air Peace begins London operationThe successful return of an indigenous carrier, Air Peace Airline, on the Lagos-London route has reactivated the call for Fly Nigeria Act.
Source: GuardianNigeria - 🏆 1. / 94 Read more »