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Economy Nose Dives As Air Passenger Traffic Drops Drastically by kettykin: 2:23pm On Sep 14, 2015
James Emejo in Abuja 

Total international air passenger traffic dropped by 27.93 per cent or as much as 406,369 passengers in the second quarter of the year (Q2 2015) compared to the preceding quarter, according to the National Bureau of Statistics (NBS).


It said a total of 1,048,598 passengers were involved in international air travel in the quarter under review.

Domestic air passenger traffic, on the other hand, showed a marginal rise quarter-on-quarter by 16,752 passengers or 0.71 per cent more passengers who travelled in the second quarter than in the first quarter of 2015.


Total domestic bound air passengers for the period stood at 2,374,479 passengers, representing 69.37 per cent of the total number of passengers, up by 7.53 per cent from the preceding quarter but down by 1.35 per cent from the corresponding quarter of 2014.


According to NBS, the lower number of air passenger travellers in Q2 largely resulted in the overall decline in air passenger traffic which stood at 3,423,077 passengers in Q2 compared to 3,710,618 passengers in the previous quarter.


According to the Nigerian Aviation Sector Summary Report for Q2 2015 released by the statistical agency, the Murtala Muhammed Airport in Lagos continued to dominate domestic passenger travel in the quarter, accounting for 936,029 passengers or 39.42 per cent in the second quarter.


“Despite still recording passenger numbers lower than in Q2 of 2014, with year-on-year growth of 70,758 passengers or 7.03 per cent, quarterly numbers were up with a rise of 39,505 passengers or 4.41 per cent from the preceding quarter,” it added.


The Abuja airport had the second largest portion of Q2 domestic passenger traffic at 787,067 passengers or 33.15 per cent of the total, representing a decline of 58,176 passengers or 6.88 per cent year-on-year and a rise of 22,698 passengers or 2.97 per cent from the preceding quarter.


It noted that the airports to record positive year-on-year growth were Katsina, increasing by 668 passengers or 319.62 per cent; Owerri, which increased by 9,243 passengers or 11.12 per cent; and Yola, which increased by 1,121 passengers or 3.09 per cent.


The greatest quarterly passenger growth was recorded for Ibadan airport, in which an additional 10,249 or 222.08 per cent more passengers travelled in Q2 compared to Q1, increasing the total from 4,615 passengers to 14,864 passengers.


Also, aircraft movement was down in Q2 by 5,350 flights or 8.64 per cent from the preceding quarter, and by 7,746 flights or 12.04 per cent from the same quarter of 2014.


“The 56,599 aircraft that arrived and departed to and from Nigeria’s airports consist of 45,452 domestically bound flights, making up 80.31 per cent of the total, whilst the remaining 11,147 flights or 19.69 per cent were internationally bound,” it stated.
Re: Economy Nose Dives As Air Passenger Traffic Drops Drastically by kettykin: 2:25pm On Sep 14, 2015
For lazy readers see below
Total international air passenger traffic dropped by 27.93 per cent or as much as 406,369 passengers in the second quarter of the year (Q2 2015) compared to the preceding quarter, according to the National Bureau of Statistics (NBS).


Guys what do you think

2 Likes

Re: Economy Nose Dives As Air Passenger Traffic Drops Drastically by SonOfEl(m): 2:33pm On Sep 14, 2015
kettykin:
For lazy readers see below

Guys what do you think
1985 repeats itself.

6 Likes

Re: Economy Nose Dives As Air Passenger Traffic Drops Drastically by stevecantrell: 3:07pm On Sep 14, 2015
Reports like this get u thinking how important corruption is to our artificial economy.
Most of these declines are due to a drop in corrupt and wasteful practices by the nation's MDAs.
Same situation is playing out in the banking sector and TSA.

No doubt, Nigeria's artificially bloated economy will have a tough time outgrowing being spoon fed by corruption. But the long term benefits would be worth the while.

1 Like

Re: Economy Nose Dives As Air Passenger Traffic Drops Drastically by KolaShangOne(m): 5:03pm On Sep 14, 2015
All these just tells you there's no money again..

Everybody is sitting their ass at home

2 Likes

Re: Economy Nose Dives As Air Passenger Traffic Drops Drastically by Nobody: 5:22pm On Sep 14, 2015
The aviation sector is the first indicator of the health of an economy.


People are not flying because business activities have grounded to a halt!

4 Likes

Re: Economy Nose Dives As Air Passenger Traffic Drops Drastically by alaoeri: 5:26pm On Sep 14, 2015
No more free money & wasteful spending of public fund, everybody is adjusting.

1 Like

Re: Economy Nose Dives As Air Passenger Traffic Drops Drastically by tpiander: 5:30pm On Sep 14, 2015
maybe no money.
Re: Economy Nose Dives As Air Passenger Traffic Drops Drastically by oduastates: 5:31pm On Sep 14, 2015
Nigeria is suffering from the result of the tailwind of Jonathan's administration of reckless mismanagement, heartless looting and artificially inflated economy as a result of high oil prices .
The Nigeria economy is gradually adjusting to it real level .
An economy that imports almost everything and makes nothing . With a bloated inefficient and incompetent civil service , it will take a lot of courage for buhari to get it right .
First item for buhari is to dismantle the bondage of the international bond market controlled by western investment banks ,and to whom Iweala has sold the country .
Market/currency Manipulation and speculation ( an socially useless and economically reckless activity ) is one of the ways those investment banks make money to feed their end of the year bonus bonanza .
They make money when things are going well , they even make more money when things are going really bad .
The whole set up is to feed on your blood until you die .
Nigeria should live within her means and should only borrow money to build some strategic national assets like Power plants , Steel mills etc and this should not be done through any entity controlled by these banks .

If you are interested , you can read about their typical racket here.
http://www.rollingstone.com/politics/news/looting-main-street-20100331

1 Like

Re: Economy Nose Dives As Air Passenger Traffic Drops Drastically by kettykin: 5:35pm On Sep 14, 2015
Well, I think Nigeria is suffocating economically, it takes a lot to keep the economy afloat and working, the economy is like a very complex machinery which requires delicate operations and maintenance by a high skilled team of professionals.
An any case the country can experience what and how not to run an economy till 2019

5 Likes

Re: Economy Nose Dives As Air Passenger Traffic Drops Drastically by sdindan: 5:35pm On Sep 14, 2015
accept Jesus Christ the end is near..
Re: Economy Nose Dives As Air Passenger Traffic Drops Drastically by Nobody: 5:41pm On Sep 14, 2015
alaoeri:
No more free money & wasteful spending of public fund, everybody is adjusting.

olodo.

you think air travel is for lazy louts like you?

business men and women account for the highest passengers.

they are not flying because business has come to a complete halt

4 Likes

Re: Economy Nose Dives As Air Passenger Traffic Drops Drastically by stevecantrell: 5:57pm On Sep 14, 2015
alaoeri:
No more free money & wasteful spending of public fund, everybody is adjusting.



WombRaiders:


olodo.

you think air travel is for lazy louts like you?

business men and women account for the highest passengers.

they are not flying because business has come to a complete halt

You're both right.

Hitherto, who are the biggest consumers of goods and services in Nigeria ? Your government.

Government spending is at an all time low, so the drop in business activity is expected.
Re: Economy Nose Dives As Air Passenger Traffic Drops Drastically by alaoeri: 6:07pm On Sep 14, 2015
WombRaiders:


olodo.

you think air travel is for lazy louts like you?

business men and women account for the highest passengers.

they are not flying because business has come to a complete halt
Dindinrin all those abuja pot bellies politicians & fg workers thieving government money spending it on frivolities, aristos & co has been blocked, no more senseless travelling again.
Re: Economy Nose Dives As Air Passenger Traffic Drops Drastically by tpiander: 6:26pm On Sep 14, 2015
sdindan:
accept Jesus Christ
the end is near..

true that.
Re: Economy Nose Dives As Air Passenger Traffic Drops Drastically by MrkenOkonkwo(m): 6:39pm On Sep 14, 2015
why is my Igbo people so cunnny? why do my Igbo people run to Yoruba land in droves for survival??

Re: Economy Nose Dives As Air Passenger Traffic Drops Drastically by Nobody: 7:13pm On Sep 14, 2015
APC robots, like passingshot pls carefully analize to Me how GEJ is the cause of this, cause I don't understand....


Don't forget to compare the quarters of the year grin grin
Re: Economy Nose Dives As Air Passenger Traffic Drops Drastically by Bevista: 7:36pm On Sep 14, 2015
OldJohn:
APC robots, like passingshot pls carefully analize to Me how GEJ is the cause of this, cause I don't understand....


Don't forget to compare the quarters of the year grin grin
I am not interested in the GEJ/PMB banter. But in case you did not notice, the quarter under review is Q2 (April, May, June). You and I know who was president for 67% of that quarter.

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