Aviation fuel price drop not enough to crash ticket cost – United Nigeria

The drop of aviation fuel (Jet A1) from about N900 per litre to about N700/l is not enough to reduce the cost of air tickets, the Executive Director/Chief Operating Officer, United Nigeria Airlines, Engr. Osita Okonkwo, has said.

Okonkwo who spoke on Wednesday in Abuja during the airline’s station managers’ retreat, said: “Last year first quarter we bought around N400 per litre. We are doing around N700 per litre now compared to the about N900 per litre we were doing; this is a reflection of the prices in the international market.

“As the prices fall further, it will translate to benefits to the flying people. Also, the availability has improved considerably.“We never recovered 100 per cent of our expenses. We only passed a part of it to the passengers. There are also other costs associated with our operations.”