Nigerian Airlines mull shutdown as Jet fuel prices soar

Date:

By Abubakar Yunusa

The Airline Operators of Nigeria (AON) has warned that airlines across the country may suspend operations from April 20, 2026, over what it describes as an “astronomical and unsustainable” rise in the price of Jet A1 fuel.

In a letter dated April 14, 2026, and addressed to the Executive Secretary of the Major Energies Marketers Association of Nigeria (MEMAN), Mr Clement Isong, AON said the cost of aviation fuel has surged from ₦900 per litre as of February 28 to ₦3,300 per litre — an increase of over 300 per cent within weeks.

According to the body, the spike is “artificial” and far exceeds global trends, noting that international crude oil prices have risen by only about 30 per cent within the same period.

READ MORE  S/Africa coy, Bauchi govt in pact to establish fly academy

The operators said airlines have continued to absorb the rising costs for over four weeks out of “patriotism and in the spirit of service to the nation,” but they warned that the burden is no longer manageable.

“Airline revenues are insufficient to cover the cost of fuel alone,” the letter stated, adding that the situation has deteriorated to the point where continued operations are no longer viable.

The group warned that the actions of fuel marketers are “decimating the aviation industry” and pose broader risks to Nigeria’s economy, safety, and national security.

The AON revealed that the impact of the price surge is already being felt across the sector, disclosing that one airline has grounded all operations since March 13, 2026, due to the rising cost of fuel.

READ MORE  Nigerian Army’s 1 Division Inter-Brigade Combat Competition Opens in Kano

It warned that more carriers could follow if urgent action is not taken.

“Aviation remains a sector of strategic national importance,” the letter stressed, cautioning that the current pricing regime is “unhealthy and detrimental to national wellbeing.”

The airline operators outlined the difficult choices facing the industry: raising ticket prices to reflect fuel costs could lead to low passenger turnout, while suspending operations entirely would have far-reaching consequences.

They warned that a shutdown would impact financial institutions, disrupt millions of livelihoods, and potentially worsen insecurity across the country.

The AON called on MEMAN to intervene and ensure that jet fuel prices are adjusted in line with international market realities, insisting that airlines can no longer sustain purchases at current rates.

READ MORE  Oyetola congratulates Akeredolu over Supreme Court victory

“Accordingly, we hereby give notice that if this trend persists, all airlines in Nigeria will be compelled to suspend operations effective Monday, April 20, 2026. This serves as our final appeal,” the letter stated.

Never miss a moment! Get the stories shaping Nigeria, delivered straight to your phone. Follow Peoplesdaily Newspaper on WhatsApp for breaking news, exclusive reports, and the headlines everyone will be talking about, before anyone else.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

ADC coordinator urges unity, discipline in Nasarawa

The African Democratic Congress(ADC )in Nasarawa State has been...

Oyedele advances Nigeria AfDB cooperation, seeks portfolio review

By Mariam Abeeb Nigeria and the African Development Bank...

Environmental crime: The world’s profitable war against nature

By Fransiscus Nanga Roka   Profits generated by environmental crime can...

66 years of independence, N166 Trn in debt & prosperity still coming

By Blaise Udunze   Sixty-six years is not just 66 days!...