Mideast airlines record strongest growth
Geneva, November 1, 2013
Middle East airlines showed their strongest year-over-year passenger traffic growth at 10.4 per cent in September and the trend is likely to continue, according to International Air Transport Association (Iata).
The positive outlook is supported by the regional economies such as Saudi Arabia and the UAE showing continued strong growth in non-oil sectors and robust increases in new export orders. Capacity expanded by 13 per cent, pushing down load factor 1.9 percentage points to 77.2pc, said the Iata report.
Global passenger traffic results for September showed a continuation of the strong demand trend despite a slight slowdown from August, it said. Total revenue passenger kilometers (RPKs) rose 5.5pc compared to September 2012. Capacity increased at a slightly lower pace at 5.3pc over the same period. The load factor in September (80.3pc) was largely in line with levels achieved in September 2012.
"We are seeing a more positive environment for air travel demand, based on rising business confidence, a strong increase in export orders in September, and better performance of key emerging markets like China. The strong growth of recent months, coupled with the continuing improvements in air travel demand in September, suggests that there could be a further acceleration in air travel growth before the end of the year," said Tony Tyler, Iata’s director general and CEO.
September international passenger demand was up 5.7pc compared to the same period in 2012. An equivalent increase in capacity led to load factor remaining unchanged at 80.9pc when compared to September 2012. All regions saw demand increase compared to a year ago, it said.
Demand for domestic travel climbed 5.1pc in September compared to a year ago, with all markets showing year-over-year increase. Total domestic capacity was up 4.7pc and load factor rose 0.3 percentage points to 79.1pc. - TradeArabia News Service