Airlines operating international routes from Lagos to Europe have adjusted ticket prices downward as the aviation sector enters the annual low travel window.
Available data shows that fares have dropped by 15 to 25 percent across several key European destinations as operators seek to boost passenger volumes.
The reduction comes during the February to May period, historically known for subdued travel demand.
The decline in passenger bookings has prompted carriers to initiate promotional campaigns and slash fares on both economy and business class segments.
Current market rates for one-way economy return tickets from Lagos to destinations such as London, Paris, Amsterdam and Brussels range between N1.5 million and N1.9 million.
This represents a decline from the N2 million to the N3 million price range recorded during the 2024 peak season.
Business class fares have also been revised as Lagos to London Heathrow now ranges between N4 million and N6.8 million while Flights to Paris, Berlin and Amsterdam are currently priced from N3.2 million to as high as N8.5 million depending on the carrier and booking class.
British Airways has introduced a $300 premium economy promo on its Lagos to London route. Other carriers like Air France have also adopted similar price adjustments to maintain seat occupancy.
Susan Akporaiye, former president of the National Association of Nigerian Travel Agencies, said promotional pricing is driven by seasonal trends and temporary stability in airline exchange rates.
She noted that once high season resumes, fares are likely to be adjusted upward.
According to Alex Nwuba, president of the Aircraft Owners and Pilots Association of Nigeria, European carriers benefit from favorable airport charges and operational costs which allow them to offer flexible pricing.
He added that the Nigerian aviation system presents cost challenges that limit domestic flexibility in ticket pricing.
While the current price drop provides short-term relief for Nigerian travellers, analysts warn that fare reductions are temporary.
Airlines are expected to revise prices once booking volumes increase ahead of the summer travel window.
Operators have reaffirmed their commitment to market responsiveness but continue to monitor macroeconomic indicators.
