MidEast carriers see 10.3% passenger traffic growth in August

International Air Transport Association figures also reveal 13.7% increase in capacity during the month
MidEast carriers see 10.3% passenger traffic growth in August
By Staff writer
Thu 06 Oct 2016 04:49 PM

Middle East carriers posted a 10.3 percent traffic increase in August, more than twice the global average growth, according to new figures released by the International Air Transport Association (IATA).

IATA said in a statement that capacity in the region climbed by 13.7 percent, resulting in a 2.5 percent fall in load factor to 81.2 percent.

Globally, IATA said passenger traffic data for August showed that demand - measured in total revenue passenger kilometres or RPKs - rose by 4.6 percent compared to the year-earlier period.

This represented a slowing from the 6.4 percent increase recorded in July. August capacity increased by 5.8 percent, and load factor slipped 0.9 percent to 83.8 percent.

"Growth in passenger demand dipped to 4.6 percent. While that’s disappointing compared to the previous month’s performance, it is still healthy growth. And although terrorist attacks in Europe have dampened demand, the impact is ebbing," said Alexandre de Juniac, IATA’s director general and CEO.

"Lower airfares are a major factor sustaining demand for air travel. And airline profitability is stronger than ever as a result of a better industry structure and efficiency gains. But the lingering impact of terrorist attacks in Europe earlier in the year reminds us that the aviation industry is vulnerable to many external factors beyond its control.

The risks, including the normal ups and downs of the business cycle, won’t go away. The industry has improved resilience along with its profitability. That will be critical to responding quickly should the business environment change," said de Juniac.

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