Data on passenger traffic on inbound and outbound flights has shown that foreign airlines are increasing frequencies to Nigeria as a result of an increase in economic activity.
In recent data released by African Aviation Services Limited, foreign airlines operate more than 300 frequencies weekly in and out of Nigeria.
This showed a 22 percent increase of about 220 weekly frequencies operated by foreign airlines two years ago.
Ethiopian Airlines has the highest access points to Nigeria, which is five airports.
Ethiopian and ASKY work together 54 frequencies weekly in Nigeria. British Airways and Virgin Atlantic operate 21 frequencies weekly in Nigeria.
The breakdown further showed that African World Airways (AWA) has 49 frequencies per week; Cronos Airlines (proposed); EgypAir with 16; Air France 15; Saudi Arabian Airways 13; Emirates 11; Lufthansa 11; Air Cote d & # 39; Ivoire10; Qatar 9; South African Airways 7.
Others were Delta, Royal Air Maroc, Rwand Air, Sudan Airways and Turkish Airways, who enjoy seven frequencies without reciprocity from Nigerian airlines.
Etihad also has five frequencies; Fly Mid Africa has four; Middle East Airlines – four and Air Italy formerly Meridiana has three weekly flights to the country.
Industry expert and Chief Executive Officer, Aglo Limited, Tayo Ojuri, that the airline is often the first hit during the recession and will improve as soon as the economy recovers.
Ojuri, explained that the direct implication of improvement in the economy is that the purchasing power of people will increase, allowing them to buy tickets to travel.
There are indices that point to economic revival of the country. Oil production recovered to 1.8 million barrels by January 2018, according to OPEC data, of just 1.2 million barrels per day in the thick of militant disruptions.
These factors contributed to the lifting of the economy of the recession in the second quarter of 2017, according to the National Bureau of Statistics (NBS). The economy consolidated its end of the recession after 0.8 percent growth in 2017 compared with a contraction of 1.6 percent in the previous year.
These developments come two years after foreign airlines operating in Nigeria had blocked their $ 600 million with the Central Bank of Nigeria (CBN), which had paid the last tranche in March of this year.
Emirates Airlines, which daily reduced its three frequencies at the airports of Lagos and Abuja, reduced their daily service to one. The airline has daily returned two flights to Lagos and one flight daily to Abuja.
Some airlines have increased the size of their operating air plane, but those who still have to change their aircraft record a high capacity utilization per flight.