04/04/2024
Airfares for travels from Nigeria to other countries have seen a significant drop, following the appreciation of the naira and the competition arising from Air Peace’s debut on the Lagos-London route.
Air Peace sells return economy for 1.2m, business for 4m for London flight
The drop in the rate quickly saw the prices of tickets drop across several destinations.
For instance, a one-way ticket from Lagos to London on British Airways that was sold for N3 million (Economy Class) and N11 million (Business Class) cost N1.5 million and N6.8 million respectively.
On Lufthansa, the price of a one-way ticket from Lagos to London dropped from N3 million (Economy) and N9 million (Business) to N2 million and N7 million respectively.
On Virgin Atlantic, the price for Economy, Economy Premium and Business Class fell from N2 million, N5 million and N12 million to N1.5 million, N3 million and N6 million respectively.