Nigeria's biggest carrier, Air Peace, has revealed the cost of operating a one hour flight.

According to the airline's chief operating officer, Oluwatosin Olajide, N7 million would cover the cost of 4,000 litres of aviation fuel sold at N1,400 per litre in Nigeria.

She continued that for the aircraft, crew, maintenance, and insurance (ACMI), Air Peace spends about $4,000 for a one-hour flight.

She further disclosed that N5 million is needed for every hourly flight, which is higher than other operators pay globally.

She stated that factors determining operating costs can vary, including aviation fuel, which consumes 60 to 65% of the cost.

Additionally, ACMI costs $4,000 for leasing planes due to the challenges airlines face.

She stated that insurance for a one-hour flight costs an additional N5 million.