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Analytical trends in airlines registrations and failures in Nigeria air business

Okwudili Ben Sidiq,Mobolaji Stephens Stephens,Tochi Clement Nwachukwu,Ibrahim Ayinla Akorede

Published 2024 in Discovery

ABSTRACT

This study examines domestic Airline performance in Nigeria when indigenous airline operations began in the early 50s in Nigeria. The objectives of the study are to, examine the trend of airline registration and failures in Nigeria; secondary data was used in eliciting information for the study. The Secondary data was sourced from the Nigeria Civil Aviation Authority (NCAA), The Corporate Affairs Commission (CAC) to address the objective. The study used descriptive, inferential statistics, trend analysis to analyze the data based on the stated objectives. 179 number of airlines were registered in total, forecast of the number of airlines to be registered in the 5th and 20th decade were predicted using the equation: 𝑦 = 3.631π‘₯ + 6.0357 and an 𝑅 2 = 0.2146 π‘Žπ‘‘ 53 π‘Žπ‘›π‘‘ 79 π‘Žπ‘–π‘Ÿπ‘™π‘–π‘›π‘’π‘  . The total no of the failed airline from the study is 95. The findings of the study provide insight and updates into the exactitude of the number of registered and failed airlines, trends and rates of airline failure in Nigeria from inception to date, Model that can predict the number of airlines registered and the number likely to fail in the future was developed.

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