British Airways, Other Foreign Airlines Crash Airfares Further on Lagos-London .
Foreign airlines such as British Airways, Virgin Atlantic, Lufthansa, and others have crashed their airfares further on the Lagos-London route The airlines crashed their ticket fares for as low as N677,000 following Air Peace's entrance into the route The airlines denied plots to push Air Peace out of the market via price slash but said the move is due to the naira gains against Dollar
Foreign airlines operating from Lagos to London have continued to slash their fares since Air Peace entered the route on March 30, 2024. Airlines such as British Airways, Virgin Atlantic, Qatar Airways, Ethiopian Airlines, and others have crashed their fares on the on the route as competition gets together.
The naira has depreciated against the US dollar for over a year, leading the International Air Transport Association (IATA) to increase ticket prices. The IATA rate for ticket sales in the country appreciated from about N1.800 per dollar a few months ago to N1,468 a few weeks ago and now to N1,261. The drop led to the rapid crash in air tickets across several routes.
holders that the current crash in airfares is a plot to drive Air Peace out of the route and then continue to exploit Nigerians.
Thank God for Air peace.
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