Foreign Travel Drops By 60% In Lagos, Abuja Airports, Passengers reduce holiday, casual trips | Airlines cut weekly frequencies to save cost.
According to insider sources, the number of passengers reduced from 2.04 million in 2023 to a paltry 816,000 from the first quarter (Q1) to third quarter (Q3), 2024, representing a 60 per cent drop in the load factor.
The statistics showed that a total of 2,856,000 million passengers travelled in 2023 and 2024, with a decline of 1,226,000, representing a 60 per cent fall in the current year.
It was gathered that an economy seat to the United States of America that was N350,000 prior to the floating of the naira in May 2023 rose to between N2.7 million to N3 million.
Holiday makers now seek cheaper alternatives because foreign travel is now a luxury.
Some airlines operating international trips have reduced their frequencies per week to have more passengers when they are travelling.
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