Foreign Airlines In Nigeria Generate $700m In 8 Months

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Following the improvement in the Nigerian economy after the recession that hit the country, foreign operating in the country sold tickets worth $700 million as at the end of August 2019, according to figures obtained from the International Air Transport Association (IATA).

The data represented a significant increase in ticket sales compared with a total of $800 million recorded in the whole of 2018.
IATA has projected $1 billion foreign airlines’ ticket sales for 2019.

While the improved economic climate encouraged more international travels by Nigerians on businesses and pleasures trips, as well as foreigners, who come into Nigeria for businesses, some Nigerians also travelled out in search of greener pastures.

It is anticipated that the country might surpass the projected $1 billion by the end of the year due to the Christmas season, which records influx of inbound passenger movement, as many Nigerians return to the country to celebrate the Yuletide season.

He acknowledged that generally the nation’s economy is not yet doing very well but projected that more Nigerians would be travelling overseas as the economy improved and that means more ticket sales by the airlines.

Bernard, the Chief Executive Officer of one of the biggest travel agencies in Nigeria, Travels, said the International Civil Organisation (ICAO) was pleased with the Nigerian sector because of the positive air safety record, hence the high interest of foreign airlines in Nigeria.