Air Peace has announced an increase in its one-way fare from Lagos to Abuja to N200,000, effective November 1, 2024, citing economic challenges as the reason for this adjustment.
This represents a significant rise compared to previous fares. Checks by newsmen on the airfares of airlines on Monday confirmed the development.
An Air Peace passenger, Emma Ik Umeh, with X handle, @emmaikumeh, also in a post released a screenshot of an email reportedly sent by Air Peace.
According to the email, the airline said that the new flight fares will take effect from November 1, 2024, while the previous fares remain available for flights up to October 31, 2024.
The details of the said email showed that Air Peace increased Business Class J. flight fare from N250,000 to N400,000 and Business Class C. from N200,000 to N330,000.
Also, Economy Class Y, fare was increased from N150,100 to N300,000; Economy Class S, fare was increased from N130,000 to N280,000; Economy Class B, fare was increased from N120,000 to N250,000; Economy Class H, fare was increased from N110,200 to N210,000; Economy Class K, fare was increased from N105,200 to N190,000.
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A review of current airfares indicates that while Air Peace is charging N200,000 and above for this route, competitors like Aero are offering tickets for N94,000 to N109,000, Arik Air fares range from N104,405 to N139,292, and Ibom Air prices fall between N124,000 to N133,000.
Many passengers have recently found themselves stranded at airports due to soaring airfares, which have made it difficult to secure flights to their intended destinations.
An Air Peace official, who pleaded anonymity, confirmed the situation and attributed the fare increases to Nigeria’s worsening economic challenges.
“If you look at the ticket breakdown, you’ll see that our aviation company is suffering financially, with operational costs spiraling out of control,” she said.
“All the heavy taxes are paid to the government, and airlines have no choice but to raise prices. It’s simply the reality we face.”
Efforts to reach Toyin Olajide, the Chief Operating Officer of Air Peace, were unsuccessful as of press time.
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