The Airline Operators of Nigeria (AON) has warned that members may shut down operations from April 20 if the cost of Jet-A1 fuel is not urgently addressed.
The association said prices have surged by more than 300%, jumping from about ₦900 per litre to approximately ₦3,300, a level it described as unsustainable for continued flight operations.
According to the operators, fuel now accounts for the largest share of airline running costs, making it difficult to maintain schedules, pay suppliers, and keep ticket prices affordable for passengers.
They cautioned that continued price escalation could force carriers to ground aircraft, with one airline already reportedly suspending operations due to financial strain.
The crisis is being driven by a mix of global and domestic pressures, including volatile crude oil markets, foreign exchange constraints, and supply chain disruptions linked to wider geo-political tensions affecting energy flows.
Analysts warn that a shutdown would not only affect air travel but also ripple into trade, tourism, financial services, and national mobility, potentially deepening economic pressures already facing households and businesses.
