Delta Airlines To Stop New-York-Lagos Flights Over Trapped Dollars

August 30, 2022
Delta Air Lines. Photo Credit: Business Post Nigeria

Delta Air Lines has announced that it will stop operating flights from New York JFK airport to Lagos, stating that the market environment doesn’t encourage the continuation of the flights. 

In a statement released by the United States carrier, the company said from October 4, 2022, and will only offer Lagos and Atlanta flights, which will then connect US-bound passengers to New York. 

Join our WhatsApp Channel

“Delta is suspending its nonstop service between New York-JFK and Lagos to fit the current demand environment. The airline continues to operate service between Lagos and Atlanta and offers onward connections to New York and other cities across the United States.” 

READ ALSO: EDITORIAL: Foreign Airlines And Their Nigerian Trapped Dollars

The American company said it will make provision for affected customers, transferring them to joint venture partners, “Customers impacted by our suspended New York-JFK to Lagos service will be re-accommodated on Delta operated flights or services operated by our joint venture partners. Delta remains committed to the Nigeria market.” 

Delta Air is one of the many foreign airlines contemplating on reducing or exiting their operation from the Nigerian market amid disagreement with the government authority over repatriation of their revenue. 

Recall that British Airways and Emirates Airlines have concluded on suspending flight operation in Nigeria over the $464 million foreign airline funds trapped in the country. Although the Central Bank of Nigeria (CBN) has disbursed $265 million to the airlines to repatriate part of their revenue. 

The revenue was trapped due to scarcity of foreign exchange in Nigeria. 

+ posts

Featured Stories

Latest from Business

CBN Clears Bank of Industry to Roll Out Non-Interest Financing Window

The Bank of Industry (BoI) has received regulatory approval from the Central Bank of Nigeria (CBN) to operate a Non-Interest Banking (NIB) Window, marking a major expansion of its financing framework aimed at promoting inclusive and sustainable industrial development. The approval authorises
Transcorp Power's Expenses Rising Faster Than Revenue

Transcorp Power’s Expenses Rising Faster Than Revenue

Transcorp Power’s expenses are rising faster than the company’s revenue, according to Prime Business Africa’s analysis of the firm’s annual reports and accounts for the year ended December 31, 2025. The company had generated N398.26 billion in revenue between January and December
ASUU Strike: There's Light At End Of The Tunnel - Osodeke
Previous Story

Why We Embark On Another Indefinite Strike – ASUU

DATAPRO Affirms Nova Merchant Bank's A+, A1 Ratings, Stable Outlook
Next Story

DATAPRO Affirms Nova Merchant Bank’s A+, A1 Ratings, Stable Outlook

Don't Miss

INVITATION TO LAUNCH EVENT: KASA! Ending Sexual Violence in West Africa

LAGOS, Nigeria, November 22, 2021 -/African Media Agency(AMA)/- The Ford

FIFA Ranking: Super Eagles Move One Step Up Despite Draw Against Warriors

Super Eagles of Nigeria recorded one step upward move in