Mr Bello described the situation as a possible case of collusion among airlines aimed at price fixing.
Governor of Massachusetts, one of the hardest cities of the snow storm, warned residents to stay off the roads during the period.
The brief followed a recent dispute over tariffs between the Federal Airports Authority of Nigeria and freight forwarders and air cargo agents.
According to IATA, 10 countries are responsible for 80 per cent of the blocked funds.
Mr Folami said that one loss could wipe out previous profits and make one indebted.
No planes were taking off or landing at Berlin’s Airport on Thursday morning, a spokeswoman said.
He thanked the aviation community for 2023’s collaboration and partnership in 2024 while assuring operators in the industry of protection.
Mr Keyamo urged the airline operators to develop stable and reliable communication channels to ensure passengers receive cancellation notices.
“They must also provide evidence of payment of premium and other policy documents of insurance cover of not less than three months as specified in IS: 18.14.1.1.”
NBS, in a report released on Monday, revealed that the average fare rose to N72,690.54 in September 2022 from N36,922.97 in September 2021.
