Allen Onyema, chairman of Air Peace, says no Nigerian airline has generated $1 million in annual profit. He attributes the lack of such profitability to high operating costs and what he describes as the burden of multiple taxes, fees and charges affecting airlines operating domestically.
The claim is reported alongside commentary from industry figures in Nigeria. Vanguard frames the statement as part of a wider discussion about challenges in the sector, including costs of doing business and the impact of government-imposed charges. Punch similarly highlights Onyema’s position that profitability at that level is not currently achieved by Nigerian carriers.
Across the outlets, there is agreement on the core message: Onyema states that the $1 million profit benchmark is not met by any Nigerian airline, and that financial pressures—especially taxation and operating expenses—are central to the explanation. The reports focus on the statement itself rather than providing detailed financial figures or naming specific carriers that meet or miss the benchmark.
