Wednesday 23 May 2018

Mideast tops in air traffic growth

Sydney, July 3, 2013

Middle East carriers had the strongest year-on-year traffic growth for any region at 11.7 per cent, said the International Air Transport Association’s (Iata) global passenger traffic results for May.

But with capacity up 12.8 per cent, load factor declined 0.7 percentage points to 73.5 per cent. Demand for air travel in the Middle East and Africa has benefitted from continued expansion in trade volumes since late 2011, it said.

Iata also revealed that overall air travel demand rose 5.6 per cent in May, showing a continued expansion of global passenger traffic at a healthy rate.

Growth was led by emerging markets and the load factor was pushed up 0.3 per cent points to 78.1 per cent compared to the same period last year.

“Global economic performance remains a concern; however, demand for air travel continues to expand. The primary driver isgrowing demand for connectivity to emerging markets,” said Tony Tyler, Iata’s director general and CEO.

“The business environment has also improved compared to mid-2012 with some indications of easing weakness in the Eurozone. It’s still a tough environment, but there are some reasons for optimism in the second half of the year,” he said.

The international passenger demand rose 5.7 per cent in May compared to the year-ago period, with capacity up 5.6 per cent. Load factor was flat at 77 per cent.

The strongest growth occurred in the emerging markets of Africa, Latin America and the Middle East. – TradeArabia News Service

Tags: Middle East | Iata | demand | May |

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