Fuel hike: Airlines jack up overseas air fares – Investigation

Date: 16-02-2011 12:22 pm (13 years ago) | Author: Aliuniyi lawal
- at 16-02-2011 12:22 PM (13 years ago)
(m)


Foreign airlines operating in Nigeria have considerably raised their passenger fuel surcharge, thereby, making flying abroad costlier.


A fuel surcharge is an extra fee that is added to a passenger’s air fare to cover the cost of higher fuel price.


The development, which came to light two weeks ago, followed the surge in the price of Brent Crude in the international market.


A fortnight ago, the price of the commodity crossed the $100 a barrel mark for the first time in over two years, following the political turmoil in the Middle East.


Airlines are consequently passing on the price differential to passengers by adding the fuel surcharge cost to the price of tickets. This situation is currently making it hard for the airlines to honour ticket prices for more than a month ahead.


Fuel accounts for one-third of an airline’s operating cost and is the second-highest expenditure in the aviation industry next to labour.


Findings by our correspondent show that the foreign airlines in Nigeria, which have increased their fuel surcharge are British Airways, AirFrance, South African Airways, Kenya Airways, Ethiopian Airlines, Delta Airlines and Lufthansa German Airlines.


Since February 8, the surcharge for British Airways’ economy class flights lasting longer than nine hours had risen from £152 (N36,328) per person to £176 (N42,064). Surcharge on return tickets for flights lasting less than nine hours, including routes such as Lagos-London, rose from £126 (N30,114) to £150 (N35,850).


However, business and first class passengers are expected to pay more.


The increase in fuel surcharge is, however, not limited to Nigeria as the Associated Press reported recently that British Airways had increased its fuel surcharge for the second time in two months. The £24 (N5,736) increase in fuel surcharge on a return ticket followed a £20 (N4,780) increase in December.


Air France, at about the same time, announced the increment of its fuel surcharge on fares to offset the rise in aviation fuel costs. A spokeswoman for the French flag carrier said the increase took effect on February 1, 2011.


Following the increase, fuel surcharge on the Lagos-Paris flight, which lasts over five hours, was consequently raised to ¤96 (N19,488) from ¤86 (17,458).


Similarly, South African Airways increased its fuel surcharge by between $10 and $60 for a return ticket from January 27, with the Lagos-Johannesburg route attracting the maximum surcharge.


According to travel agents, British Airways’ Lagos-London average return ticket has increased from about N186,000 to N192,000 as a result of the fuel surcharge.


Also, Air France’s Lagos-Paris return ticket has increased from about N171,000 to N174,000.


For South African Airways, an average return ticket has increased from an average of N125,000 to N135,000.


Two weeks ago, Ethiopian Airlines, Delta Airlines, Lufthansa and Kenya Airways, which operate in Nigeria, reportedly raised their fuel surcharges.


The International Air Transport Association estimates that the global airline industry will have to pay an extra $34bn for fuel this year at the current prices.


The domestic airlines had similarly raised their fares last month, following a 12 per cent increase in the price of Jet A1, also known as aviation fuel, by oil marketers.


The Chairman, Airlines Operators of Nigeria, the umbrella body of the domestic airlines, Dr. Steve Mahonwu, said that the oil marketers had increased the price of aviation fuel from N108 per litre to N140.

Posted: at 16-02-2011 12:22 PM (13 years ago) | Gistmaniac
- pholake at 16-02-2011 12:31 PM (13 years ago)
(f)
Is it the fault of the airline operators? What's the government doing about this recurring fuel palaver? Now, the passengers have to bear the consequences! May God help us.
Posted: at 16-02-2011 12:31 PM (13 years ago) | Gistmaniac
Reply
- giftmurphy at 17-02-2011 11:52 PM (13 years ago)
(f)
amen
Posted: at 17-02-2011 11:52 PM (13 years ago) | Hero
Reply
- chicco77 at 6-09-2012 10:04 PM (11 years ago)
(f)
 Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes
Posted: at 6-09-2012 10:04 PM (11 years ago) | Addicted Hero
Reply
- PoliticxGuru at 24-08-2015 03:29 PM (8 years ago)
(m)
Good
Posted: at 24-08-2015 03:29 PM (8 years ago) | Hero
Reply

fire TRENDING GISTS fire

TODAY'S TOP
  1. Disgraceful Videos Of Student Bullying In Nigeria's Boarding School, Lead British School Abuja

  2. IK Ogbonna Writes Romantically To Alleged Lover, Ini Edo On Her Birthday, Shares Video

  3. Kanye West Shocks Many As He Says He Wants To Have Threesome With Ex 1st Lady, Michelle Obama

  4. Kenyan Police Reportedly Arrest Binance Executive, Nadeem Anjarwalla Who Fled Nigeria

  5. BBN Star, Liquorose Sparks BBL Rumours In Recent Video With Actor, Deyemi Okanlawon

  6. PROUD MOTHER: Mercy Aigbe Gushes Over Daughter, Michelle As She Shares Photos Of Her

  7. 500 Lawyers Storm Supreme Court Over Planned Arrest Of Ex-kogi Gov, Yahaya Bello On Fraud

  8. Singer, Fireboy Recounts How He Failed Trying To Copy Beyonce's Stage Presence

  9. Naira Abuse: I’m Only Artist Who Stops Supporters From Spraying Me Says Seun Kuti

  10. Many Dead As Two Navy Helicopters Crash After Colliding Mid-Air In Malaysia

  11. Total Blackout Hits Three States As Vandals Destroy TCN Towers

  12. Police, Ogun State Govt On Trail Of Killers Of Babcock University Lecturer

  13. SAD: Five Missing Children Found Suffocated To Death Inside Car In Niger State

  14. "Most Hit Songs In Nigeria Are Not Good Music" – Nigerian Singer Ric Hassani Claims

  15. Mercy Chinwo Not Aware EeZee Tee Treated Me Unfairly – Producer Dr Roy Says After Calling Her

  16. NSCDC Intercepts 10 'Potential' Human Trafficking Victims In FCT

  17. How Strange Illness Claims 8 Lives In Sokoto, 208 Cases Identified

  18. EFCC Serves Criminal Fraud Charges To Governor Yahaya Bello Through His Lawyers


THIS WEEK
  1. Davido Reveals Fate of Peruzzi And Other Signed Artistes After Dissolving DMW Record Label

  2. Abia Police Parade Suspected Criminals, Including ABSU Student Involved In Fatal Shooting

  3. How Past Abia Govt Paid N107.2 Bn To Contractors For Non-existent Abia Airport & Other Projects

  4. 'Brand Ambassador', Phyna Calls Out Pepsi For Supplying Her Expired Drinks

  5. Pastor, David Odeniyi Seeks Divorce After Wife Strips Him Nak3d In Front Of His Congregation

  6. Ex-Nigerian Customs Sole Administrator, Omlago Ango Damages Estranged Wife's Abuja Home

  7. Abia State Police Arrest Suspects Linked To Mysterious Death of 23-Yr-Old Hope Chinedu Prosper

  8. Nollywood Actress Toyin Abraham Extends Olive Branch To Funke Akindele,Calls For Industry Unity

  9. Nigerian Man Introduces Innovative Solution For Money Spraying At Parties Amidst EFCC Crackdown

  10. Owner of Cybercrime 'Yahoo Yahoo' Training School, Ikemesit Edet Jailed 10 Years in Uyo


TOP MEMBERS: