L-R: Executive Director, Finance, Admin Services & Projects, Skyway Aviation Handling Company (SAHCO) PLC,Mr Abiodun Adegbesan ; Managing Director/ CEO, SAHCO, Mrs Adenike Aboderin; Chairman, SAHCO, Dr. Barr. Taiwo Afolabi CON; Company Secretary, SAHCO, Ms Jesuyemisi Odeyemi; Executive Director, Business Development and IT, SAHCO, Mr Babatunde Afolabi at the AGM.
Skyway Aviation Handling Company (SAHCO) PLC has announced a 54%increase in revenue for the year ending December 2025, with total revenue growing to #44.46 billion-up’ from 28.94 billion in 2024. Profit after tax more than doubled to #11.73 billion,reflecting both the strength of commercial strategy and the dedication of it’s workforce.
Chairman board of directors of SAHCO, Barrister Dr Taiwo Afolabi,who disclosed this at the company’s 16th annual general meeting in Lagos, revealed that passenger handling and related services grew by 64.8% year-on year to 23.4 billion in the nine months(to September 2025, accounting for approximately 73.9% of total revenue and underscoring the centrality of passenger operations to our business model.
According to Dr Afolabi, Revenue Passenger Kilometres(RPKs) rose by 5.3% compared to 2024, with international demand growing by an impressive 7.1%. with the overall Passenger Load Factor reaching (record 83.6% for the full year reflecting the sustained surge in global travel appetite.
He disclosed that African airlines were among the standout performers globally, recording annual traffic growth of 7.8% in 2025,with load factors reaching a record high of 74.9%-the strongest load factor increase of any global region
He noted that supply chain disruptions emerged as the aviation industry’s foremost operational headache in 2025 as airlines faced unreliable aircraft delivery schedules, engine maintenance constraints, and cost increases estimated to exceed $11 billion industry wide, compelling operators to extend the service life of existing fleets and optimise seat utilisation.
Dr Afolabi acknowledged that the country’s remained one of Africa’s largest and fastest-growing aviation markets, with rising passenger demand, expanding international route networks, and improving connectivity, transforming the business travel landscape.
But lamented that the sector continued to contend with infrastructure gaps, high operational costs, forex-related procurement challenges, and constrained access to modern ground support equipment.
Afolabi declared “Today,Nigerian entrepreneurs and businesses enjoy improving air connectivity that was unimaginable a decade ago-and the opportunity before us is to sustain this momentum by investing in operational excellence, safety, technology, and partnership. SAHCO stands at the heart of this opportunity”.
Afolabi said sahco expanded it’s airline customer base significantly in 2025, onboarding major new international and regional carriers including,
Ethiopian Airlines, Air Tanzania, and Air Algérie-three major African and international carriers that deepened
continental footprint while
ValueJet Airlines and United Nigeria Airlines, regional routes were added alongside their existing domestic services.
The SAHCO chairman said the company successfully renewed its IATA Safety Audit for Ground Operations(ISAGO) certification in 2025 maintaining its standing as a benchmark ground handler in Africa.
“The company’s Regulated Agent (RA3)certification was reaffirmed and remains valid until 2027, underscoring our adherence to international aviation security standards”
In his projection to 2026 and beyond, Afolabi revealed that SAHCO’s strategic direction is anchored on four pillars-our 4Ps Strategy: People,Process, Performance, and Platform.
People adding that the company remained committed to building a highly. skilled, safety-driven workforce.
He remarked that there will be expansion of it’s training academy and deepening staff engagement will continue to be central to their people strategy while standardise and enforce rigorous operating procedures across all 22-plus airport locations,ensuring consistency, safety, and service quality at every touch point.
On performance, “We will leverage datadriven analytics to boost revenue,enhance decision-making, and deliver measurable value to our shareholders and customers”
Discover more from Ameh News
Subscribe to get the latest posts sent to your email.
