• Contact Us
  • About Us
Saturday, May 17, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Economy

Arik Air reduces domestic flights due to fuel shortages

metro by metro
November 17, 2016
in Economy
0
Arik Air
0
SHARES
0
VIEWS
Arik Air
Arik Air

Nigeria’s largest airline, Arik Air, has reduced the number of domestic flights it offers due to a scarcity of aviation fuel, its spokesman said on Thursday, the latest carrier to limit services due to a currency squeeze in the country.

 A sharp fall in the naira this year has made it difficult to get the U.S. dollars needed to buy jet fuel, almost all of which is imported, creating periodic shortages throughout the country.

Nigerian airlines have struggled to remain profitable amid the currency crisis, as passengers pay in naira but fuel suppliers are paid in dollars, and some international carriers have cut or stopped flights to Nigeria because those services are not profitable.

Read Also

DMO Allots Over N4.28b In FGN Savings Bonds For May 2025

FG, States, LGs Share N1.681trn April, 2025 Revenue

Nigeria’s Inflation Drops To 23.7% As Prices Of  Staples, Other Food Items Reduce

Arik Air spokesman Ola Adebanji said major oil marketers began to ration jet fuel supply to airlines last week, and as a result there had been a “reduction of flights” with immediate effect. He did not say how many flights would be cut.

“This will last until the supply situation improves,” he said.

Arik Air is west Africa’s biggest carrier by passenger numbers, flying to London, New York and Johannesburg, and also has a maintenance contract with Germany’s Lufthansa.

“We are managing the situation to ensure our international flights are not affected,” Adebanji said.

Fuel shortages earlier this year forced domestic airlines to ground some flights, while foreign airlines flying to Nigeria started to refuel abroad because the hard currency shortage meant fuel was only available at a very high price.

 

Previous Post

Saudi energy minister urges OPEC to cut oil output to 32.5 mln bpd

Next Post

FG needs billions in new investment to raise oil output, producer says

Related Posts

Debt Management Office
Economy

DMO Allots Over N4.28b In FGN Savings Bonds For May 2025

May 17, 2025
FG, States, LGs Share N954bn FAAC In July, Highest Monthly Allocation Under Buhari Administration
Economy

FG, States, LGs Share N1.681trn April, 2025 Revenue

May 16, 2025
National Bureau
Economy

Nigeria’s Inflation Drops To 23.7% As Prices Of  Staples, Other Food Items Reduce

May 15, 2025
UK Economy Grows Above Forecasts, Tariffs Threaten Progress 
Economy

UK Economy Grows Above Forecasts, Tariffs Threaten Progress 

May 15, 2025
Next Post
oil

FG needs billions in new investment to raise oil output, producer says

FA Cup Final: Crystal Palace Edge Man City To Win First Major Title

FA Cup Final: Crystal Palace Edge Man City To Win First Major Title

May 17, 2025
Debt Management Office

DMO Allots Over N4.28b In FGN Savings Bonds For May 2025

May 17, 2025
Ghana May Lose $3.8Bn World Bank Funding Over Anti-LGBTQ+ Bill

Ghana Detains 2,200 Undocumented Migrants In Crime Crackdown

May 17, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version