Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Mideast airlines fly high with 12.1% growth in 2013  Join our daily free Newsletter

MENAFN - Khaleej Times - 08/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Middle East airlines recorded the strongest increase in passenger traffic in 2013, a rise of 12.1 per cent compared to 2012, but below the 15.4 per cent growth recorded in 2012 compared to 2011, the International Air Transport Association (Iata) said



Carriers in the Gulf region have benefited from the continued strength of regional economies, particularly Saudi Arabia and the UAE and solid growth in business-related premium travel, particularly to developing markets such as Africa. However, capacity grew faster at 12.8 per cent and load factor declined slightly by 0.1 percentage points to 77.3 per cent from 77.4 per cent in 2012



Iata on Thursday announced full-year global traffic results for 2013 showing a 5.2 per cent increase in passenger demand compared to 2012. The 2013 performance aligns with the average annual growth rate of the past 30 years. Capacity rose 4.8 per cent and load factor averaged 79.5 per cent up 0.4 percentage points over 2012



Demand in international markets (5.4 per cent) expanded at a slightly faster rate than domestic travel (4.9 per cent). Strongest overall growth (domestic and international combined) was recorded by carriers in the Middle East (11.4 per cent) followed by Asia-Pacific (7.1 per cent), Latin America (6.3 per cent) and Africa (5.2 per cent). The slowest growth was in the developed markets of North America (2.3 per cent) and Europe (3.8 per cent)



"We saw healthy demand growth in 2013 despite the very difficult economic environment. There was a clear improvement trend over the course of the year which bodes well for 2014. Last year's demand performance demonstrates the essential and growing role that aviation-enabled connectivity plays in our world. And with system-wide load factors at 79.5 per cent it is also clear that airlines are continuing to drive efficiencies to an ever-higher level," said Tony Tyler, Iata's Director General and CEO. International passenger demand grew by 5.4 per cent in 2013 compared to 2012 with all regions reporting growth. Capacity rose 4.9 per cent, boosting load factor to 79.3 per cent, up 0.4 percentage points over 2012



Asia-Pacific airlines' traffic rose 5.3 per cent in 2013, the highest increase among the three major regions and slightly above 2012 annual growth of 5.2 per cent



European carriers saw traffic rise 3.8 per cent in 2013 compared to 2012, a slowdown compared to annual growth of 5.3 per cent in 2012



North American carriers reported the slowest passenger growth of any region at 3.0 per cent compared to 2012 but an improvement over 2012 growth of 1.3 per cent



Latin American carriers posted an 8.1 per cent rise in demand in 2013 over 2012, down slightly compared to the 8.4 per cent rise in 2012



African airlines' demand rose 5.5 per cent, slightly above the global average but below 2012 growth of 7.5 per cent



Indian domestic traffic rose 4.0 per cent last year, compared to a 2.1 per cent decline in 2012. The demand environment has been challenging in view of the weakening economy, high inflation and slowing manufacturing and resource industries. Capacity climbed 3.5 per cent in 2013, and load factor was 74.6 per cent, up 1.7 percentage points compared to 2012

 


Khaleej Times




  MENA News Headlines
 Aug 29 2015 - Abraaj exists Condor Travel stake to CarlyleMENAFN
(MENAFN) Dubai-based Abraaj Group has announced the signing of an agreement to exit its stake in Condor Travel to The Carlyle Group.The exit, through Abraaj's Latin American Fund, marks the first ...

 Aug 29 2015 - GCC construction contracts to drop to USD194b in 2015MENAFN
(MENAFN) Construction in the GCC will increase in value despite a slight dip in the overall contract awards this year caused in part by cheap oil, according to an industry expert.The man behind the ...

 Aug 29 2015 - Middle East business confidence continues to drop in Q2MENAFN
(MENAFN) Business confidence in the Middle East continued to fall in the second quarter of 2015, but not as quickly as it had in the first three months of the year, according to a new survey.The ...

 Aug 29 2015 - 9 hours battling death at sea off the Libyan coastThe Peninsula
(MENAFN - The Peninsula) Pakistani teenager Shefaz Hamza spent nine hours at sea clinging to the wreckage of a migrant boat that sank off Libya. By the time the coast guard arrived his mother and ...

 Aug 29 2015 - Qatar Exchange index jumps 3.08pcThe Peninsula
(MENAFN - The Peninsula) Qatar Exchange (QE) index finished in the green yesterday, after a sharp rise in all sectors. The market gained 3.08 percent or 337.84 points to reach 11,295.46. The market ...

 Aug 29 2015 - Arabs brace for weak oil for rest of 2015The Peninsula
(MENAFN - The Peninsula) A second oil price rout of 2015 has forced Arab Opec members to cut their price expectations for this year, showing they are prepared to tolerate cheaper crude for longer to ...

 Aug 29 2015 - Lebanon- Hezbollah, Christian allies boycott cabinet meetingThe Peninsula
(MENAFN - The Peninsula) The Lebanese Shia group Hezbollah and allied Christian politicians boycotted a cabinet meeting yesterday, a sign of rising political tensions that have paralysed Prime ...

 Aug 29 2015 - IS kills two generals in IraqThe Peninsula
(MENAFN - The Peninsula) suicide attack claimed by the Islamic State (IS) group killed two Iraqi generals yesterday in the key battleground province of Anbar, as the militants made gains in ...

 Aug 29 2015 - Iraq- At least 11 Daesh Militants Killed in AnbarThe Peninsula
(MENAFN - The Peninsula) 11 Daesh militants, some of them belonging to foreign nationalities, were killed in a pre-emptive attack against a hideout of the organization east of Ramadi city, in Anbar ...

 Aug 29 2015 - At least 78 dead in Libya refugee boat disasterThe Peninsula
(MENAFN - The Peninsula) At least 76 people have died after a ship carrying hundreds of migrants and refugees sank off the coast of Libya, the Libyan Red Crescent said Friday. The United Nations ...

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

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