Bankole Bernard, a seasoned travel and tourism expert, has forecasted a significant shift in airfare dynamics following the launch of Air Peace's direct flight from Lagos to London.


Appearing as a guest on Channels Television’s The Morning Brief program, Bernard elucidated how the entry of a local carrier into the Lagos-London route is compelling foreign airlines to reconsider their pricing strategies.


Bernard, formerly the President of the National Association of Nigeria Travel Agencies (NANTA), emphasized that failure by foreign airlines to adjust their fares in response to Air Peace's competitive pricing could potentially lead to their displacement from the market.


Highlighting the exorbitant cost of international flights on the Lagos-London route, Bernard revealed that prices soared as high as N3.5 million.


However, with Air Peace offering return economy class tickets for a fraction of that price at N1.2 million, foreign carriers such as British Airways, Virgin Atlantic, and Qatar Airways have been compelled to slash their fares to remain competitive.


Read More: https://naijaupdate.ng/air-peaces-lagos-london-flights-to-induce-airfare-reductions-by-foreign-airlines/