The airlines, it was learned, reduced their operations by around 50% during that time to reduce losses, but the majority of them still flew to a variety of domestic locations with only a portion of their seats filled.
Nigerian airlines have kept track of the costs associated with the Independent National Electoral Commission’s most recent presidential and national assembly elections, which were held on February 25, 2023. (INEC).
The 10 operating scheduled airlines are projected to have lost at least N10 billion over the extended period of slow business because the number of passengers flying decreased significantly.
In addition, operating airlines have yet to resume full service more than a week after the elections were held because the majority of them only operate roughly 50% of their services.
Green Africa Airlines, Air Peace, Max Air, Azman Air, Aero Contractors, ValueJet, United Nigeria, Ibom Air, and Overland Airways are a few of the ten carriers.
Other airlines that operate passenger transportation make roughly N200 million daily, in addition to Air Peace, which generates about N500 million daily and leads the sector in terms of fleet size and network.
Also, travel agencies across the nation are seeing a decline in customer patronage.
In the months leading up to elections, most airlines, particularly charter companies, saw a rise as most politicians contacted the operators.
