Ibom Air eyes N150bn Profit in 2025

By emmanuel MALAGU

Ibom Air is targeting N150bn Profit for the year 2025, up from N96bn Profit it generated in 2024.

The Chief Executive Officer of the Airline, George Uriesi, made this known at the Ibom Air Travel Agents Forum on Friday in Lagos.

According to Uriesi, of the N96bn Profit in 2024, six per cent came from Travel Agents across Nigeria.

He said that the Airline was growing and positioning  to transform Airline Business in the Country.

Uriesi also said that Ibom Air would  be going on the General Distribution System before the end of 2025.

He said that this would enhance the Airline’s Visibility Globally, as Travel Agents would be able to access its Products from anywhere.

On Flight Disruptions and Cancellations, Uriesi said that the Airline had decided to reserve an Airplane on the Ground to take care of such situations.

He said, however, that the arrangement was not profitable to the Airline.

According to him, the Airline was making efforts to improve its Customer Services.

He also said that Ibom Air had concluded Plans to expand its Operations to Malabo, Equitorial Guinea, Doualla, Cameroon and Sao Tome and Principe from its Terminal in Uyo.

According to him, the Terminal will be a Hub, when completed.

“We are about to expand all over Africa. Very soon we will start operating our new Terminal. We were very much involved in the Design of the Terminal.

“The Terminal is built to support our Strategy,” he said.

Uriesi addressed some Challenges faced by Travel Agents such as Pricing, Online Discounts, Ticket Prices, Paystack Charges, and Refunds.

Members of the National Association of Nigerian Travel Agents and Members of the Federation of Tourism Association of Nigeria, as well as other Stakeholders, were present at the Forum.

Some Travel Agents were awarded Certificates for Engagements with the Airline in the past six months.

Credit NAN: Texts excluding Headline