The Airline Operators of Nigeria (AON) has warned that domestic airlines may suspend operations from April 20 due to the sharp rise in aviation fuel prices.
In a notice signed by its president, Abdulmunaf Yunusa Sarina, the association revealed that the cost of Jet A1 fuel has surged from N900 per litre in late February to about N3,300 per litre—an increase of over 300 percent.
The group described the hike as excessive and inconsistent with global crude oil trends, noting that international prices have only risen by around 30 percent within the same period.
According to AON, airlines have continued operations in recent weeks despite the financial strain, but the situation has become unsustainable. The association stressed that current revenues can no longer cover fuel expenses, let alone other operational costs.
The rising fuel cost has already forced at least one airline to halt operations since mid-March, with others at risk of following suit if no action is taken.
AON warned that while increasing ticket fares might help offset costs, it could also reduce passenger demand. A total shutdown, however, would have far-reaching consequences, including job losses, economic disruption, and potential risks to national security.
The association has called on fuel marketers to adjust prices in line with global benchmarks, stating that failure to do so will compel airlines to cease operations nationwide from April 20.