Air Peace CEO Allen Onyema stated that no Nigerian airline achieved a profit of $1 million in 2025. High operating costs are a significant factor, resulting in thin profit margins for carriers.

Further information on this topic is available from the source. The statement highlights the challenges faced by airlines in terms of profitability.

Details on the financial performance of Nigerian airlines in 2025 can be found in the original report, which provides more context on the issue of high operating costs and its impact on the industry.