Nigeria is the first country in the world to suspend all flights. Because fuel is too expensive

RockedBuzz
By RockedBuzz 4 Min Read

Welcome to the RockedBuzz local newsroom! The subject of this news is Nigeria is the first country in the world to suspend all flights. Because fuel is too expensive

here are all the details. We offer you the most up-to-date developments about Nigeria is the first country in the world to suspend all flights. Because fuel is too expensive

. Everything you wonder about Nigeria is the first country in the world to suspend all flights. Because fuel is too expensive

, keep reading in this news and stay tuned! Nigeria is the first country in the world to suspend all flights. Because fuel is too expensive

The ongoing war in Ukraine it has caused major changes on many levels, incl. on the energy market. Russian raw materials used in the production of jet and diesel fuel have become a commodity unavailable in some regions of the world. The available resources, in turn, become more expensive, which results, among other things, in the prices of services.

Airline authorities in Nigeria said on Monday May 9 that they “will cease nationwide operations” until further notice. High fuel costs have been identified as a reason for taking such measures. “Many airlines are already suffering losses,” he said Bloomberg Victor Enwezor, Vice President of Leisure Operations Africa, Lagos, Nigeria. “Any further price increases will kill their business,” he added.

More information from the world and the country can be found on the Gazeta.pl home page.

Watch the video How we can protect our money from 12 percent. inflation? The expert explains

Nigeria will suspend all flights. “The cost of fuel continues to rise”

The Nigerian plant of the National Petroleum Co. agreed March to admit airline companies fuel import licenses to increase supply and reduce costs. However, this did not improve the situation. “The cost of jet fuel continues to rise, putting enormous pressure on the airline’s sustainability and profitability,” the union said. “Airlines can no longer resist the pressure,” they added.

Minister Henryk Kowalczyk on food prices: everything will become more expensive

“Short-term astronomical growth”

At the end of April, the average price of a barrel of aviation fuel was $ 174.4. – provided by the International Air Transport Association IATA. Comparing the result with last year, this is an increase of almost 150% and on a monthly basis of 7.9%.

“No airline in the world can absorb this kind of sudden shock from such an astronomical short-term increase. fuel aviation worldwide accounts for about 40%. The statement from Nigeria’s airline operators has risen to around 95% of the airline’s operating costs after the current hike.

Glapiński for another term at the NBP? Almost half of Poles are “no”

Help Ukraine, join the collection. Deposit money on the website pcpm.org.pl/ukraine.

Share This Article
Leave a comment