The Asset Management Corporation of Nigeria (AMCON) says Arik Air airlifted 2,239,176 passengers in 2024, accounting for a 19.3 percent market share.
Arik Air has been under the receivership of AMCON since 2017.
Citing a report by the Nigeria Civil Aviation Authority (NCAA) on international and domestic flight operations in 2024 in a statement on Wednesday, AMCON said Arik Air operated 10,699 flights between January and December 2024, making it the second most active airline in terms of passenger traffic and flight operations after Air Peace.
Breaking down the figure, the corporation said the report showed that Arik Air recorded 1,112,358 inbound passengers and 1,126,818 outbound passengers.
“According to the report, the total number of air travellers in the domestic scene in 2024 was 11, 549,443 with inbound at 5,727,700 and outbound passengers at 5,821,743. This figure shows that Arik Air captured 19.3 per cent of the total passenger traffic for 2024, while it had 15.1 per cent of the total 70,543 flights operated by the 15 domestic airlines in the year under review,” the statement reads.
“The Executive Summary on International and Domestic Flight Operations 2024, as captured by the NCAA, indicated that Arik Air had 1,112,358 and 1,126,818 as inbound and outbound passengers for 2024, respectively, making it a total of 2,239,176 passengers ferried in 2024.
“Monthly breakdown of the passenger traffic indicated that Arik Air had 37,772 inbound passengers and another 38,987 as outbound passengers in January 2024, totalling 76,759 passengers.
“For February, the airline recorded 38,217 as inbound and 39,209 as outbound, totalling 77,426; March, 37,183 as inbound and 37,642 as outbound, making it a total of 74,825; April, 31,326 as inbound and 31,971 as outbound, making 63,297.
“The airline in May 2024, also recorded 39,006 as inbound and 39,765 as outbound passengers, totalling 78,771 for the month, while the month of June had 37,710 as inbound and 38,617 as outbound, totalling 76,327.
“July, 156,146 as inbound and 159,044 as outbound, totalling 315,190; August, the airline recorded 153,080 as inbound and 144,259 as outbound, making it a total figure of 297,339 within the period.
“For the month of September, Arik Air recorded 143,396 as inbound and 145,096 as outbound, making it a total figure of 288,492; October, 129,506 as inbound and 133,330 as outbound, totalling 262,836.
“November, 252,448 as inbound and 255,578 as outbound, making it a total of 508,026, while December had 56,568 as inbound and 63,322 as outbound, making it a total of 119,890 passengers ferried within the period.”
The NCAA report, according to AMCON, indicated that Arik Air recorded only one overbooking or denied boarding incident in 2024, which occurred in October.
“Also, a month-by-month breakdown of flights operated by Arik Air in 2024 showed that the airline had a total number of 380 flights in January 2024; 419 flights in February and 468 flights in March 2024,” the agency said.
“Further breakdown showed that for the month of April, the airline operated a total number of 340 flights; May, 374; June, 350, while it peaked in July, going as high as 1,403 flights in just one month.
“Besides, in August, the airline operated 1,320 flights; in September, 1,352; in October, 1,266; in November, 2,442, while it operated a total of 585 flights in December 2024. The airline within the period also had a total number of complaints among the air travellers, with just 190, with the majority being resolved by the airline.
“The further breakdown of complaints indicated that for the month of January, there were no single complaints from any of its air passengers ferried within the period, had just two complaints in February, while March recorded only one complaint.
“April had four complaints; May, two; June, one; July, three; August received seven complaints; September, 28; October, 50; November, 67, while December 2024 recorded only 25 complaints from the flying public.
“Besides, Arik Air did not record a single baggage miss in 2024, with all 84 delayed baggage items, as indicated by the NCAA statistics, handed over to their owners.”
Olumide Ohunayo, general secretary of the Aviation Safety Round Table Initiative, described Arik Air’s 2024 performance as exceptional, transporting 2.23 million passengers, which he said reflects the airline’s resilience and strategic management under challenging conditions.
“With a 13.4 percent market share out of the 11.5 million total domestic passengers, Arik Air’s sustained dominance highlights its strong operational efficiency,” Ohunayo said.
“This result demonstrates Arik’s operational stability under receivership. Despite financial constraints, distractive litigations, fleet limitations, and regulatory challenges, the airline continued to deliver reliable air travel services, showing effective route management and passenger demand optimisation.
“It should be noted that Arik Air suffered severe disruptions due to a high court order grounding some of its aircraft last year when mediation was a better option to the instantaneous grounding by the executive.”
Also, Roland Iyayi, managing director of Top Brass Aviation Limited, praised Arik Air’s feat, stating that securing the second position in Nigeria’s domestic market ahead of Ibom Air (1.3 million passengers), Max Air (915,918), and Aero Contractors (964,900) is a “huge and massive achievement” given its receivership challenges.
“Arik Air’s performance is remarkable given its limited access to fresh capital, ageing fleet, and regulatory hurdles tied to its receivership status,” Iyayi said.
“The Asset Management Corporation of Nigeria (AMCON) strategic support deserves recognition for its crucial role in stabilising Arik Air, ensuring its continued operations, and maintaining confidence among passengers.”
Iyayi credited AMCON’s intervention for Arik Air’s continued relevance in Nigeria’s aviation industry, preserving jobs, economic contributions, and ensuring safe services for travellers.
In January, the corporation said Arik Air and its affiliate companies had racked up debts exceeding N455 billion as of December 31, 2024.
