RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Business

Airlines Experience Depreciation, Suffer 28.5% Drop in Domestic Aircraft Movement

Rate Captain by Rate Captain
August 31, 2021
in Business
Reading Time: 2 mins read
A A
0
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

 

 

AlsoRead

NGX All-Share Index Breaks 190,000 Barrier, Market Cap Surges by N5.1 Trillion in Single-Day Rally

NGX All-Share Index Surges 6.16% to Record 182,313.08 Points, Market Cap Hits N117.03 Trillion

Brent Crude Holds Above Nigeria’s 2026 Budget Benchmark at $67.78

 

 

The harmonised domestic aircraft movement in Nigeria slumped by 28.5 per cent in 2020, the latest data from the Nigerian Civil Aviation Authority have shown.

Data obtained from the NCAA, the air industry apex regulator, show that there was a steady increase in the aircraft movement from 2017 to 2019 at the airports, including Lagos, Abuja, Port Harcourt, Enugu, and Kano.

Others were Osubi, Kaduna, Calabar, Sokoto and other 20 airports in the country.

In 2017, 2018 and 2019, there were 210,693, 234,367 and 249,756 flight activities including arrival and departure. But in 2020, the number of aircraft movements declined to 178,517.

Abuja, Lagos, Port Harcourt, Kano and Enugu airports had the highest number of aircraft movements with 45,217, 51,777, 9,810, 4,868.

For three years consecutively, 2017 to 2019, Lagos had the highest number of aircraft movements. However, in 2020, the numbers reduced to 45,217 leaving Abuja to overtake with 51,777.

Also, for the first time in three years, Abuja airport overtook Lagos airport in air passenger movement.

According to the documents, Lagos air passenger traffic from 2017 to 2020 was 3,684,052; 4,245,147; 4,422,023; 2,436,763, while that of Abuja was 2,826,113; 3,863,083; 4,403,847; 2,910,786.

According to the International Air Transport Association, the decline in air passengers transported in 2020 was the largest recorded since Revenue Passenger Kilometers started being tracked in 1950.

The Director General of IATA, Willie Walsh, said, “The year 2020 was a year that we would all like to forget. But analysing the performance statistics for the year reveals an amazing story of perseverance. At the depth of the crisis in April 2020, 66 per cent of the world’s commercial air transport fleet was grounded as governments closed borders or imposed strict quarantines.

“A million jobs disappeared. And industry losses for the year totaled $126bn. Many governments recognised aviation’s critical contributions and provided financial lifelines and other forms of support.

“But it was the rapid actions by airlines and the commitment of our people that saw the airline industry through the most difficult year in its history.”

According to IATA, the regional rankings, based on total passengers carried on scheduled services by airlines registered in the Africa region was 34.3 million passengers, down 65.7 per cent over 2019

Experts in the industry have attributed the decline to the outbreak of the COVID-19 pandemic which resulted in the restriction of movement and grounding of aircraft.

Reacting to the development, the spokesperson for Air Peace Limited, Stanley Olisa, said, “The COVID outbreak last year dealt a blow to the global economy and the aviation sector was the worst hit by the pandemic as there were series of lockdowns and flight operations were suspended.”

Olisa also noted that the grounding of aircraft and the halt in operations led to not only decline in flight activities, but air passenger traffic reduced too.

He said, “These developments affected passenger traffic when flights resumed. Eventually, passengers were being very health and safety conscious and tended to reduce their air travels.

“This is why there was a decline in flight frequencies. But pax load and flights seem to have increased and this happened gradually.”

The Managing Partner, Aglow Aviation Support Services Limited, Tayo Ojuri, said following the outbreak of the pandemic in 2020, with international flight restrictions, there was a corresponding decrease in domestic flight operations.

Ojuri, “Twenty-twenty was the year the COVID started which led to restriction. We started getting restrictions from international flights which later affected domestic flights.

“Thirty per cent of domestic flights were brought by international inflow so with the reduction in the international flights, the domestic flight started reducing the number of flights and that affected the number of flight movement across Nigeria.”

Previous Post

Electricity Sector Experience Highest Growth Value

Next Post

CBN Chooses Technical Partner For Digital Currency Plan

Related News

Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

NGX All-Share Index Breaks 190,000 Barrier, Market Cap Surges by N5.1 Trillion in Single-Day Rally

by Jide Omodele
February 17, 2026
0

The Nigerian Exchange Limited (NGX) recorded one of its strongest single-day performances on Monday, February 17, 2026, as the benchmark...

Nigeria’s Stock Market Records N1.81 Trillion Gain in July.

NGX All-Share Index Surges 6.16% to Record 182,313.08 Points, Market Cap Hits N117.03 Trillion

by Stephen Akudike
February 16, 2026
0

The Nigerian Exchange (NGX) concluded the trading week ended February 13, 2026, on a robust bullish note, with the benchmark...

Brent Crude Holds Above Nigeria’s 2026 Budget Benchmark at $67.78

by Akpan Edidong
February 16, 2026
0

Global oil prices remained relatively stable on February 16, 2026, as traders assessed ongoing diplomatic efforts between the United States...

Oil Marketers Dismiss Claims of Dangote Refinery Selling Fuel in Dollars

Dangote Refinery Achieves Full 650,000 bpd Capacity After Rigorous Testing

by Akpan Edidong
February 12, 2026
0

The Dangote Petroleum Refinery has officially reached its nameplate capacity of 650,000 barrels per day (bpd), cementing its position as...

Next Post

CBN Chooses Technical Partner For Digital Currency Plan

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

FG Aims to Recoup N553 Billion in Unremitted Taxes from International Petroleum Shipping Companies

FG Targets N800 Billion in February Bond Auction, Doubling Last Year’s Offer Amid High Borrowing Costs

February 17, 2026
Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

NGX All-Share Index Breaks 190,000 Barrier, Market Cap Surges by N5.1 Trillion in Single-Day Rally

February 17, 2026

Popular Story

  • Gold Rebounds Above $5,000 as Dollar Weakens and Geopolitical Risks Linger

    0 shares
    Share 0 Tweet 0
  • Nigeria’s Headline Inflation Eases Marginally to 15.10% in January 2026, Driven by Sharp Food Price Declines

    0 shares
    Share 0 Tweet 0
  • Nigeria’s DMO Targets N800 Billion in February Bond Auction as Yields Hover Near 20%

    0 shares
    Share 0 Tweet 0
  • FG Targets N800 Billion in February Bond Auction, Doubling Last Year’s Offer Amid High Borrowing Costs

    0 shares
    Share 0 Tweet 0
  • kms tools office 2024 ✓ Activate Microsoft Office Easily ➔ Step-by-Step Guide

    0 shares
    Share 0 Tweet 0
RateCaptain

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>