There are speculations of reduced operation cost for airlines in 2015 by aviation experts and stakeholders. They have projected a sharp decline in the price of aviation fuel, also known as JETA1, owing to an expected fall in price of crude oil. This will prompt a decline in the JETA1, which constitute 40 per cent of operating cost of airlines in the country. The International Air Transport Association (IATA), which represents about 250 airlines accounting for 84 per cent of global air traffic has speculated that the profit of airlines worldwide would rise to $25 billion (15.9 billion pounds) in 2015, giving a profit margin of 3.2 per cent. The Director General of IATA, Tony Tyler remarked that the last time the industry reported a margin nearly that high was in 2010, when it reached 3.1 per cent.He said that industry’s outlook was improving and the global economy continues to recover as the fall in oil prices will strengthen the upturn next year. Meanwhile, the managing director of the centre for Aviation
Safety and Research, Engineer Sheri Kyari has said that aviation security is one of the areas that the government should look into by ensuring that security personnel are well trained. This will enhance security at the airports across the country. Kyari however, frowned at the situation where expatriates were freely operating in Nigeria instead of Nigerians.
He therefore called on the government to establish a new national carrier as this would create employment opportunities for numerous unemployed pilots and other professionals in the industry. Also speaking at the forum, the General Secretary, Nigerian Aviation Professional Association (NAPA), Comrade Abdul Rasaq Saidu said that government should obey ICAO set standards and practices by professionalizing the aviation industry and abstain from interfering in the aviation industry sub sectors such as National Civil Aviation Authority (NCAA).