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Mon 9 Dec 2019 02:23 PM

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Middle East airlines post strong rebound in passenger demand

Carriers report a 5.9% passenger traffic increase in October, a sharp increase over the 1.8% growth seen in September

Middle East airlines post strong rebound in passenger demand

Middle Eastern airlines posted a 5.9 percent passenger traffic increase in October, which was a sharp increase over the 1.8 percent growth seen in September and throughout the year.

According to new figures from the International Air Transport Association (IATA), capacity increased 0.3 percent and load factor surged 3.9 percent to 73.5 percent during the month. 

Globally, IATA said demand climbed 3.4 percent compared to the year-ago period.

This was a modest slowdown from 3.9 percent growth recorded in September, owing to softer traffic performance in domestic markets.

October capacity increased by 2.2 percent and load factor climbed 0.9 percent to 82 percent, which was a record for October.

“Traffic growth continues to be depressed compared to historical long-term growth levels, reflecting continued moderating economic activity in some key markets and sagging business confidence. However, the fact that traffic is growing is a positive, and the industry continues to do an excellent job of maximizing asset efficiency, as shown in the record load factor,” said Alexandre de Juniac, IATA’s director general and CEO.

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