Why Nigerian airlines keep failing
The failure of domestic airlines.  Source: Stears Business

It costs a lot to fly a plane. 

For some airlines, breaking even alone is a successful feat. And in Nigeria’s aviation sector, struggles on both the cost and revenue side have made failure the norm. 

Many Nigerian airlines —both alive and defunct have a similar story to Medview.

When the company listed on the Nigerian Stock Exchange (NSE) in 2017, it gave us a view of the financial position of the business. 

The public watched as Medview published negative figures year after year — revenues fell from ₦37 billion (2017) to ₦10 billion (2018) and then ₦3 billion in 2019. 
 

 

In the year of its listing, the airline’s financials showed it made a profit of ₦1.2 billion. By the next year, its losses

Don’t limit your understanding. Join the Premium community to continue reading.

Fisayo Okare

Fisayo Okare

Read Latest

From the eyes of a traveller: The viability of Lagos-Ibadan railway

PREMIUM - 02 MAR 2021

Reality vs Vision: What the Eko Atlantic city can do for Lagos

PREMIUM - 01 MAR 2021

Problem, problem, another problem

PREMIUM - 26 FEB 2021

What if Lagos had its own electricity grid?

PREMIUM - 25 FEB 2021