Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

UAE - ME carriers post strongest year-on-year traffic growth  Join our daily free Newsletter

MENAFN - Khaleej Times - 08/12/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Middle East airlines continued to dominate in the skies as they recorded its strongest year-over-year traffic growth in October on growing demand in business and leisure travel, according to the latest report from the International Air Transport Association, or Iata.

The region's carriers stayed ahead of its global peers with a 14 per cent growth, and are set to contribute a "significant share" in carrying three billion passengers in the airline industry in a year for the first time in 2013.

The Iata said airlines in the region have benefitted from strong demand for business-related premium travel, particularly to developing markets such as Africa.

"Solid performance of key economies like Saudi Arabia and the UAE has also supported strong expansion in business and leisure travel," the Iata report said.

The association, which represents 240 airlines comprising 84 per cent of global air traffic, said Middle East airlines' load factor stayed flat compared to the year ago period at 75.5 per cent.



The Iata says that airlines in the Middle East have benefitted from strong demand for business-related premium travel, particularly to developing markets such as Africa. - AFP

Saj Ahmad, chief analyst at London-based StrategicAero Research, said the Iata's traffic statistics verify the long-term robustness of the GCC air travel market and certainly dispels the myth that the region is in any sort of bubble that could burst.

"Let's not forget that this 14 per cent traffic rise in the region was before the November Dubai Airshow too, so it demonstrates the traveller appeal to connect in the Middle East as a preference to Asia or other regions when flying between the two hemispheres," Ahmad told Khaleej Times.

"It is no surprise that the UAE has led the way in this continued growth, but that greater demand being realised in neighbouring Saudi Arabia is also showing through in numbers," he said.

"And with Qatar Airways starting its Saudi-based Al Maha Airways next year, there is certainly more impetus for the Saudi bloc to grow even faster given the large demand pool there that is currently untapped, particularly for the 20-35 year old age groups," he added.

African airlines' traffic climbed 3.5 per cent compared to October 2012, the slowest rate of growth for any region and well below year-to-date expansion of 6.4 per cent. Capacity rose 8.7 per cent, resulting in a 3.3 percentage point drop in load factor to 66.1 per cent, the lowest load factor for any region. Intense competition on major trunk routes and market volatility may have affected volumes in October.



Int'l passenger markets

The association said global passenger traffic results for October showing a moderate acceleration of the robust demand trend of the last few months. Total revenue passenger kilometers rose 6.6 per cent compared to October 2012, an improvement over the September increase of 5.2 per cent. A capacity increase of 6.5 per cent meant that load factor was virtually flat at 78.9 per cent.

"October traffic results reinforce expectations for a strong fourth quarter traffic performance in line with rising business confidence and better economic performance in the major advanced economies," Tony Tyler, the Iata's director-general and chief executive, said in a statement to Khaleej Times.

October international passenger demand was up 6.9 per cent compared to the year-ago period with airlines in all regions recording growth. Capacity rose 6.6 per cent and load factor climbed 0.2 percentage points to 78.4 per cent.

"In 2013, the airline industry will carry more than three billion passengers in a year for the first time. And on January 1, 2014, we will celebrate a century of scheduled commercial aviation. These twin landmarks provide an opportunity to reflect on the enormous contribution aviation makes to all of our lives."

"That contribution comes not from the fees and taxes with which governments continue to burden aviation and air travellers, but rather from the ability to bring people together, connect people to markets and to create opportunities for greater understanding among cultures," said Tyler.

Moreover, Asia-Pacific carriers also continued their solid performance of recent months with a 7.8 per cent rise in October compared to October 2012, the strongest performance among the three biggest regions.

European carriers' international traffic climbed 5.4 per cent in October compared to the year-ago period, on a 4.6 per cent rise in capacity, pushing load factor up 0.6 percentage points to 81 per cent.

Furthermore, North American airlines saw demand rise 3.6 per cent compared to October last year, while Latin American airlines saw demand climb 8.3 per cent in October, buoyed by solid trade growth and business related travel.

"Economic expansion in Colombia, Peru and Chile is supporting demand for international travel, offsetting continuing weakness in Brazil. Capacity rose 4.6 per cent and load factor jumped 2.7 percentage points to 79.7 per cent," the Iata statement said

 






  MENA News Headlines
 Jul 31 2014 - Air Algerie's plane crashesMENAFN
(MENAFN) A senior official said that the Air Algerie flight that crashed in Mali last week appears to have plummeted to the ground from an altitude of 10,000 meters in just a few minutes after flying ...

 Jul 31 2014 - Dubai's Damac eyes listing shares in Dubai bourseMENAFN
(MENAFN) Dubai luxury property developer Damac is trying to attract investors to invest in converting its Global Depositary Receipts (GDRs), listed on the London bourse, into ordinary shares that ...

 Jul 31 2014 - 'Nearly 100 casualties' in Xinjiang violenceArab News
(MENAFN - Arab News) IJING: A clash in Xinjiang home to China's mostly Muslim Uighur minority left nearly 100 people dead or wounded an exile group said Wednesday after what authorities called a ...

 Jul 31 2014 - Aquino seeks to quash rumors of military coupArab News
(MENAFN - Arab News) NILA: Philippine President Benigno Aquino sought Wednesday to quash rumors that a coup is being plotted against him with his spokesman insisting he had the military's full ...

 Jul 31 2014 - Kerry in New Delhi to reboot ties with ModiArab News
(MENAFN - Arab News) W DELHI: US Secretary of State John Kerry flew into India on Wednesday for ice-breaking talks with new Prime Minister Narendra Modi forecasting a transformation in Washington's ...

 Jul 31 2014 - UK bankers' bonus: Tough rules on wayArab News
(MENAFN - Arab News) NDON: British banks will be able to claw back employee bonuses up to seven years later if the recipient is found guilty of serious recklessness the Bank of England ...

 Jul 31 2014 - Amazon to invest 2bn to expand in IndiaArab News
(MENAFN - Arab News) MBAI: The world's largest online retailer is facing off in India against a new name in e-commerce that was founded by former Amazon employees.Amazon.com Inc. said it will invest ...

 Jul 31 2014 - Mobily Wajid offers free lines to family membersArab News
(MENAFN - Arab News) Bily continues to provide its extraordinary offer to the new subscribers of Wajid that provides discounts and privileges to all family members.The new Wajid Extra and Plus ...

 Jul 31 2014 - Wife of BIS official dies in road crashArab News
(MENAFN - Arab News) E wife of a member of the governing board at the Bangladesh International School (BIS) in Jeddah was killed in a road accident on Tuesday the second day of Eid Al-Fitr.Nasima ...

 Jul 31 2014 - Indian Eid program toned down in solidarity with GazansArab News
(MENAFN - Arab News) Extensive yearly Indian community Eid program was reduced to a simple get-together ceremony on Monday night in solidarity with the victims of Gaza.Indian expatriates condemned ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help