Business Hilights
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How healthy competition forced Arik Air to slash fares

Healthy competition amongst local airlines and those plying Accra route in Nigeria has compelled the debt embattled management of Arik Air to reduce flight fares for its Lagos-Abuja routes and Nigeria-Accra.

The Assets Management Company of Nigeria (AMCON) took over the management of the airline in February over bloated debts estimated at over N300 billion.

The airline which remains Nigeria’s largest domestic airline, resumed flights on the Abuja-Accra route in July after the closure of the Nnamdi Azikiwe International Airport, Abuja, for the rehabilitation of the runway.

In a statement, the airline also said it has reduced the price of its Lagos to Accra one-way ticket from N51,240 to N43,000.

Though the statement veiled the manner of reduction in the Lagos-Abuja flights, it said “Arik Air has introduced pocket-friendly fares on the Lagos-Accra and Abuja-Accra routes”.

“You can now enjoy great fares when you fly Arik Air to Accra, Ghana from Lagos or Abuja.

“From N43,000 you can buy Lagos-Accra one-way ticket and N62,000 for Abuja-Accra one-way ticket.”

Business Hilights gathered that flights on the Abuja-Accra route previously cost N84,180.

The statement noted that tickets can be purchased online or at any Arik Air city office, airport ticketing office or any travel agent.

“Arik Air flies twice daily from Lagos to Accra at 7:00 am and 5:00 pm and daily from Abuja to Accra at 5:30 pm.