Quotes: 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 copetition 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

 


Khaleej Times




  MENA News Headlines
 Feb 9 2016 - Yemen's FM confirms that Yemeni legitimate authorities offer entering into meaningful dialogue with the rebels to end crisis in YemenSaudi Press Agency
(MENAFN - Saudi Press Agency) Yemeni Vice Prime Minister and Foreign Minister Abdulmalik Al-Makhlafi, stressed that the Yemeni legitimate authorities agree on any serious UN-sponsored dialogue with ...

 Feb 9 2016 - President Obama, Canada's Trudeau Discuss Efforts Against ISISSaudi Press Agency
(MENAFN - Saudi Press Agency) US President Barack Obama spoke by telephone Monday with Prime Minister Justin Trudeau of Canada to discuss Canadian contributions to the global coalition to counter ...

 Feb 9 2016 - Riyadh Region Governor to patronize 1st Festival for Productive Families of Disabled Persons tomorrowSaudi Press Agency
(MENAFN - Saudi Press Agency) Prince Faisal bin Bandar bin Abdulaziz, Governor of Riyadh Region and Prince Sultan bin Salman bin Abdulaziz, President of Saudi Commission for Tourism and National ...

 Feb 9 2016 - Comoros' Chief Justice visits King Fahd Complex for Printing Holy QuranSaudi Press Agency
(MENAFN - Saudi Press Agency) The Chief Justice of Federal Republic of Comoros, Dr. Mohamed Sayyid Othman and his accompanying delegation visited here yesterday King Fahd Complex for Printing the ...

 Feb 9 2016 - Saudi Grains Organization Director General Receives Zambian Agriculture MinisterSaudi Press Agency
(MENAFN - Saudi Press Agency) The Director General of Saudi Grains Organization Engineer Ahmed bin Abdulaziz Al-Faris received here today Zambian Minister of Agriculture Given Lubinda and his ...

 Feb 9 2016 - A medical delegation from South Korea organizes a medical day in Saudi Specialist Clinics at Zaatari camp, JordanSaudi Press Agency
(MENAFN - Saudi Press Agency) A South Korean medical delegation consisting of 32 doctors and assistants has organized a medical day in Saudi Specialist Clinics at Zaatari refugee camp to be briefed ...

 Feb 9 2016 - Custodian of the Two Holy Mosques receives former British Prime MinisterSaudi Press Agency
(MENAFN - Saudi Press Agency) The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud received at Al-Yamamah Palace here today former British Prime Minister Tony Blair.During the ...

 Feb 9 2016 - Syrian Siamese twins to be separated on SundaySaudi Press Agency
(MENAFN - Saudi Press Agency) The Syrian Siamese twins named (Toqa and Yaqeen) will undergo a separation operation at King Abdullah Specialist Children's Hospital at King Abdulaziz Medical City of ...

 Feb 9 2016 - Saudi- Shura Council Speaker receives an invitation to visit JapanSaudi Press Agency
(MENAFN - Saudi Press Agency) The Speaker of Shura Council Sheikh Dr. Abdullah bin Mohammed bin Ibrahim Al Al-Sheikh received a message from the Speaker of Japanese Parliament Tadamori Oshima ...

 Feb 9 2016 - Saudi- Gabonese Consul General visits Islamic University in MadinahSaudi Press Agency
(MENAFN - Saudi Press Agency) The Undersecretary of Islamic University in Madinah, Dr. Ahmed bin Abdullah Katib, received here today the Consul General of the Republic of Gabon, Abdulaziz Branly ...

more...


 






Google

 
 

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

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
Economic Calendar
Financial Glossary


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


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help