Report Reveals How Foreign Airlines are Ripping us off

MurtalaMuhammedInterAirportLagosIt has been revealed that foreign airlines in the country made N158 billion from the country in 2012, above N2 billion more than the amount it generated in 2011. According to a report by the Nigerian Tribune, British Airways, Lufthansa, Virgin Atlantic, Ethiopian Airline, Delta Airlines, Emirates and Air France/KLM top the list of the carriers with higher profits.

The newspaper reported that the British Airways had, in the past 48 months, improved its revenue generation in the country, realizing N33.5 billion from tickets sold in 2012, compared to N31.7 billion it generated in 2011. And following the British Airways is the Emirates, which sold at least N22.4 billion in tickets in Nigeria in 2012, against the N30.5 billion it earned in 2011.

Also, Etihad Airline got N2.5 billion in the same period, while Qatar Airways made N8.2 billion in the Nigerian market. Air France, according to the report, earned N13.9 billion; Lufthansa, N12.1 billion, while Virgin Atlantic made N11.4 billion in the year under review. Turkish Airlines was found to have recorded over 100 per cent increase in ticket sales in the years under review, as the airline sold N3.6 billion tickets in 2012.

However, the Spanish carrier, Iberia Airlines, had its revenue generation reduced to N629 million in 2012, as against the N1 billion made in 2011. Also, sales of Emirates tickets fell by 26 per cent; Alitalia, 19 per cent; Kenya Airways, 12 per cent; while KLM and Royal Air Maroc went down by eight per cent each.

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