Nigeria Airlines Chairman: Profit Margin Less Than 5% Amid Airfare Hikes

Obiora Okonkwo, chairman of Nigeria Airlines, expressed concerns over the airline industry's profitability, citing a profit margin of less than 5%. This comes as airfares in Nigeria have been on the rise.

Okonkwo's comments were made during an interview on Arise Television where he highlighted the challenges faced by airlines, especially regarding last-minute ticket purchases. The issue of airfare hikes and their impact on consumers and airlines remains a significant topic in the Nigerian aviation sector.