The GDS is an online ticket network or software which is prominently used in the travel industry. It majorly facilitates booking services for airline tickets, hotel rooms, car rentals, and other travel-related services.
The increase in the exchange rate which is about 16%, would definitely cause a hike in airfare prices as operators will need to adjust their ticket prices to reflect the new exchange rate.
This development comes amid the tussle between the international airlines and the Nigerian government over the non-remittance of over $700 million trapped funds belonging to foreign airline operators in Nigeria.
