Business News

Rano Air suspends some flight routes over surge in jet fuel cost

Rano Air

Rano Air has temporarily suspended some flight routes following a sharp rise in Jet A1 aviation fuel prices, which has significantly increased operating costs.

The airline announced this in a statement on Friday, saying the fuel price surge has made certain routes commercially unsustainable, forcing a reduction in operations until conditions improve.

The development comes as Air Peace also reduced its Abuja–London flights to three weekly services due to ongoing Jet A1 supply constraints, affecting a key international route.

Rano Air said the suspension decision came after careful evaluation of the growing financial burden caused by escalating fuel prices.

The airline noted that the sharp rise in Jet A1 costs has significantly strained flight operations, making it increasingly difficult to maintain some services profitably.

The move reflects wider distress in Nigeria’s aviation market, where fuel costs continue to erode route profitability.

Nigeria’s Jet A1 crisis has worsened in recent weeks as fuel price spikes and supply shortages continue to disrupt airline operations nationwide.

Aviation fuel prices reportedly surged from approximately N900 per litre in late February to over N3,000 per litre by April, according to the Airline Operators of Nigeria.

While these interventions may ease short-term pressure, airlines continue to struggle with elevated operating costs.

Fuel marketers who spoke to Naijaonpoint, including Adeyinka Adewole, MD/CEO of Raven Energy Nigeria, said the Federal Government’s intervention may offer temporary relief but does not address the structural drivers of Jet A1 price volatility.

They explained that aviation fuel pricing is largely determined by international Platts benchmarks and the naira-dollar exchange rate, meaning global oil trends and currency pressures remain the key cost drivers.

They maintained that without deeper reforms across the aviation fuel supply chain, current interventions will likely provide only short-term relief while price instability persists.