Foreign airlines operating from Lagos to London have continued to slash their fares since Air Peace entered the route on March 30, 2024. Airlines such as British Airways, Virgin Atlantic, Qatar Airways, Ethiopian Airlines, and others have crashed their fares on the route as competition gets together.
The Nigerian airline’s maiden flight to London on March 30, 2024, was fully booked as the company slashed its ticket prices for Nigerians. According to reports, Air Peace pegged the price of its economy class at N1.2 million, leading to fierce competition on the route. Air Peace said an economy-class return ticket costs N1.2 million, while a Business-Class Return Ticket costs N4 million. It also stated that Nigerians studying in the UK can have a 15% discount on the reduced economy-class tickets.
Responding to the Air Peace gesture, British Airways immediately slashed its one-way economy class from Lagos to London from N3 million to N1.7 million and Business Class from N11 million to N6.8 million. Lufthansa’s one-way ticket for economy class from Lagos to London was slashed to N3 million from N9 million, Business Class to N2 million from N9 million, and economy class from N6.5 million to N2 million.
Virgin Atlantic reduced ticket prices for the economy class premium from N12 million to N1.5 million and for business class from N3 million to N6 million, respectively. Air Peace CEO Allen Onyema said in a recent television interview that his airline had sold out the tickets for the Lagos to London flights until September 2024. Further checks showed that in February 2024, the cost of economy class tickets from Lagos to London for airlines was about N2.5 million.
Source: Legit.ng
