This surge, affecting all airlines, has disrupted many travel plans.
Experts attribute the rise to several factors, including the suspension of Dana Air's operations by the Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, and the high forex costs for aircraft maintenance and return from checks.
As a result, former Dana Air passengers have shifted to other airlines, increasing demand and reducing supply.
The steady increase in airfares over recent years has made air travel unaffordable for many Nigerians, who now seek cheaper but riskier alternatives.
The recent hikes have sparked unease and numerous questions among residents, with stakeholders seeking a permanent solution.
Investigations revealed that Air Peace tickets from Lagos to Abuja, previously ranging from N85,800 to N238,200, now cost between N105,000 and N238,200.
A ticket from Lagos to Asaba costs N105,000 for economy flexible and up to N238,300 for business class.
Tickets from Lagos to Kano cost at least N100,300 for economy flexible and up to N190,600 for business class.
The return journey from Kano to Lagos now costs a minimum of N100,300 for economy flexible.
For Lagos to Warri, an economy flexible ticket ranges from N105,100 to N114,500, and inbound tickets cost between N190,700 and N238,300.
Ibom Air tickets from Lagos to Abuja between June 11 and June 25 cost between N105,100 and N124,100 for the Ibom discount, and N238,400 to N286,000 for Diamond class.
One-way tickets from Lagos to Port Harcourt range from N114,600 to N133,700 for economy, and not less than N190,800 for Gold class.
Airline Operators of Nigeria (AON) spokesperson, Professor Obiora Okonkwo, explained that the high cost of operating an airline justifies the increase in ticket prices.
He noted that any airline selling tickets for less than N150,000 is losing money due to the high costs of jet fuel and other charges.
Aviation expert Mr. Obi Mbanuzo highlighted that the primary determinant of airfares is demand and supply.
He noted that Dana Air's grounding removed significant capacity from the market, and with other airlines having aircraft in maintenance, the reduced capacity has led to higher fares.
He added that the price of jet fuel, influenced by the exchange rate, also contributes to the rising costs.
According to Mbanuzo, Dana Air's absence significantly impacts specific routes like Lagos to Abuja and Lagos to Owerri.
He stated that while higher fares might be justified, market dynamics will eventually establish an equilibrium.
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