Foreign Airlines Earned $1.7bn from Ticket Sales in 2018

Foreign airlines operating in Nigeria sold tickets worth about $1.7 billion from January to December 2018, THISDAY investigations have revealed.

The amount indicated that there was an increase in sales in the second half of 2018, buoyed by passenger surge during the yuletide, as the foreign airlines sold tickets worth $800 million in the first half of the year, against $900 million they earned in the second half of the year.

In 2017, total ticket sold by foreign airlines in the country was about $1.4 billion.

A combination of the figures for 2017 and 2018 showed that in the last two years, the foreign airlines earned $3.1 billion from ticket sales in Nigeria, excluding revenues earned from cargo movement into the country.

President of the National Association of Nigeria Travel Agencies (NANTA), Mr. Bankole Bernard, said collation from the International Air Transport Association (IATA) indicated that the total class of tickets sold within the period could even be higher.

THISDAY, January 11, 2019

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