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

Nigerian Airlines Issue Ultimatum: “We May Shut Down Operations Over N3,000/Litre Jet Fuel”

Victoria Attah by Victoria Attah
April 16, 2026
in Business, Economy
Reading Time: 2 mins read
A A
0
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

Nigerian airlines have issued a dramatic ultimatum, warning that they may suspend all domestic and international flight operations nationwide from Monday, April 20, 2026, unless the soaring cost of aviation fuel is urgently addressed.

In a strongly worded letter to the Major Energies Marketers Association of Nigeria, the Airline Operators of Nigeria (AON) described the current situation as unsustainable, stating that the rapid escalation in Jet A1 prices has pushed the industry to the brink of collapse.

AlsoRead

Dangote Rejects NNPC Bid to Increase Stake in Refinery, Eyes Public Listing

MTN Nigeria to Automatically Compensate Customers for Service Disruptions

Equities Market Hits Fresh All-Time High as Bulls Maintain Dominance

The group revealed that the price of aviation fuel has skyrocketed from about N900 per litre in late February to over N3,300 per litre currently — an artificial increase of more than 300%. This surge far outpaces the 30% rise in global crude oil prices during the same period, raising questions about pricing practices in the downstream sector.

“Airline revenues can no longer cover fuel costs alone, making continued operations commercially unviable,” the AON stated. The operators added that they have been absorbing the burden “out of patriotism,” but the financial strain has now become unbearable.

Aviation fuel currently accounts for more than 40% of an airline’s operating expenses in Nigeria, making it the single largest cost driver. Industry stakeholders had previously warned that unchecked price increases would force airlines to either raise fares sharply or reduce flight frequencies, both of which would hurt passengers and the broader economy.

A nationwide shutdown would have far-reaching consequences, disrupting air travel, affecting national security, crippling business activities, and threatening the livelihoods of thousands of workers in the aviation value chain.

The crisis comes at a time when African airlines are already operating on razor-thin margins. The International Air Transport Association (IATA) projects that airlines across Africa will record a net profit of just $0.2 billion in 2026, with an average net margin of about -1%. In contrast, carriers in the Middle East are expected to earn $6.8 billion, while European and North American airlines are forecast to generate $14 billion and $11.3 billion respectively.

The AON’s ultimatum is being seen as a final appeal to fuel marketers and regulators to intervene before the situation spirals out of control. Industry watchers are now anxiously awaiting the response from fuel suppliers and the Federal Government, as the April 20 deadline looms.

The development highlights the fragile state of Nigeria’s aviation sector, where high operating costs, foreign exchange challenges, and erratic fuel pricing continue to threaten the sustainability of air travel in Africa’s largest economy.

Tags: #inflationAirlineFuelNigerians.
Previous Post

Bitcoin Plunges to 16-Month Low Despite Trump’s Vocal Crypto Support

Next Post

Naira Hits Strongest Level Since Mid-February as Global Dollar Weakens

Related News

Dangote Cement Successfully Completes First Tranche of Share Buyback Program.

Dangote Rejects NNPC Bid to Increase Stake in Refinery, Eyes Public Listing

by Victoria Attah
May 14, 2026
0

Aliko Dangote, President of the Dangote Group, has turned down a request by the Nigerian National Petroleum Company Limited (NNPC)...

BREAKING: MTN Nigeria gets NCC approval to lease spectrum from NTEL.

MTN Nigeria to Automatically Compensate Customers for Service Disruptions

by Victoria Attah
May 14, 2026
0

MTN Nigeria has pledged to compensate millions of subscribers affected by network outages between November 2025 and January 2026, following...

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

Equities Market Hits Fresh All-Time High as Bulls Maintain Dominance

by Jide Omodele
May 14, 2026
0

The Nigerian equities market continued its impressive run on Wednesday, setting a new record high as strong buying interest in...

Top Story: Tinubu Present N27.5 Trillion As 2024 Budget

Nigeria in Advanced Talks with World Bank for $1.25bn Loan to Boost Investment and Jobs

by Victoria Attah
May 12, 2026
0

The Federal Government is on the verge of securing a fresh $1.25 billion loan from the World Bank to accelerate...

Next Post
Battered Commodity Currencies Gain Attention Amid Dollar’s Decline.

Naira Hits Strongest Level Since Mid-February as Global Dollar Weakens

Leave a Reply Cancel reply

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

Recommended

Dangote Cement Successfully Completes First Tranche of Share Buyback Program.

Dangote Rejects NNPC Bid to Increase Stake in Refinery, Eyes Public Listing

May 14, 2026
BREAKING: MTN Nigeria gets NCC approval to lease spectrum from NTEL.

MTN Nigeria to Automatically Compensate Customers for Service Disruptions

May 14, 2026

Popular Story

  • Nigeria’s Debt to China Surges by $800 Million in One Year

    31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows

    0 shares
    Share 0 Tweet 0
  • Nigeria Faces Tax Hikes on Alcohol, Tobacco, and Sugary Drinks to Unlock $750M World Bank Loan

    0 shares
    Share 0 Tweet 0
  • How Lekki Port will boost economy

    0 shares
    Share 0 Tweet 0
  • Stocks Climb Globally on Trade Truce; Oil Jumps: Markets Wrap

    0 shares
    Share 0 Tweet 0
  • Gold Futures Increases Marginally to $1,784.15

    0 shares
    Share 0 Tweet 0

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}
?>