MidEast airlines lead world on passenger growth

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Middle East carriers saw year-on-year passenger demand expand by 10.6 percent in February, the strongest performance in the world, the International Air Transport Association (IATA) said on Wednesday.

Capacity expansion in the region was held to 9.7 percent with the result that load factor rose 0.7 percent to 77.7 percent, also the highest for any region.

Globally, IATA data showed that demand growth is accelerating on the back of stronger business confidence, particularly in emerging regions. Passenger demand rose 3.7 percent compared to February 2012.

Since October, IATA said passenger demand has been growing at an annualised rate of nine percent. This is almost double the growth trend over the first nine months of 2012.

Tony Tyler, IATA director general and CEO, said: “February’s performance was good news. Demand for air travel continues to rise on economic optimism and improved business confidence.

"But that comes with a few caveats. Much of the growth is concentrated on emerging markets. Europe continues to be a laggard. And the handling of the banking crisis in Cyprus has reminded all of us that the deep problems in the Eurozone economies still remain."

Capacity was up one percent on the previous February and the industry load factor stood at 77.1 percent.

“Airlines are carefully managing capacity expansion, which is keeping the load factor at a record high. This is helping the industry to remain profitable despite persistently high oil prices,” Tyler added.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

Posted by: Saoud

GO MEA!!!!!!!!!!!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
How Dubai is helping Ireland's economic push

How Dubai is helping Ireland's economic push

Tourism is now Ireland’s second-largest industry, and is playing...

Over half of suppliers asked for bribes by hotel managers - survey

Over half of suppliers asked for bribes by hotel managers - survey

Nearly three quarters of suppliers said they know of other firms...

8
The new RNB stars

The new RNB stars

How Jason Myers, Gert Kopera and Christian Gradnitzer plan to...

Most Discussed
  • 24
    World's most pierced man refused entry to the UAE

    Tolerance has its limits everywhere including Dubai and those who considered Dubai a lawless circus were held accountable...so thank you Dubai authorities... more

    Thursday, 21 August 2014 10:51 PM - Khalil
  • 23
    Baby NOT on board?

    Some of you cry babies need to get your own personal apartments on the plane ! You cry more then the babies I have seen in my travels. LOL more

    Thursday, 28 August 2014 9:10 AM - Jim
  • 21
    Israel “must be punished” over Gaza, says Dubai police chief

    This high moral ground that Mick is talking abt sound very familiar. May I remind Mick that the US & its British ally alone killed over 1 million innocent... more

    Thursday, 7 August 2014 4:12 PM - Mathew