Airlines Hikes: ‘Our Profit Margin Is Less Than 5%’ – Okonkwo

The chairman of United Nigeria Airlines, Obiora Okonkwo, has opined that airlines do not benefit from airfare hikes. Naija News reports that Okonkwo’s remark comes amid rising airfare in the country. Okonkwo, during an interview on Arise Television on Monday, said that despite the hike, the airline‘s profit margin is below 5%. According to him,

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