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Nairaland Forum / Nairaland / General / Travel / Costs Of Flights Are Set To Rise Due To Depreciation Of The Naira (645 Views)
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Costs Of Flights Are Set To Rise Due To Depreciation Of The Naira by AllNaijaBlogger(m): 6:49am On Nov 20, 2014 |
Tough times are ahead for Nigerians as the falling value of the Naira that is affecting different sectors of the economy is now set to also affect the aviation industry in the area of air fares and flight prices. The New Telegraph reports that some airline operators are stating that they will have to pass on the increased costs of aeroplane maintenance (which is done in dollars, hence the increase) to their travelling customers. Travellers may soon start paying more for trips as airlines consider ways to cushion the effects of the continued depreciation of the naira on their operations. The naira slid to a new low on Tuesday at N173.35 against the dollar, taking its decline for the year to 8.4 per cent. Source; http://newtelegraphonline.com/air-fares-to-rise-as-operators-lament-nairas-depreciation/ |
Re: Costs Of Flights Are Set To Rise Due To Depreciation Of The Naira by Nobody: 7:04am On Nov 20, 2014 |
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