Middle East Airlines reported the weakest passenger demand growth in the world in January, according to the latest figures from the International Air Transport Association (IATA).
The region’s carriers witnessed demand up just 1.5% compared to January 2018, lower than any other region. Nevertheless, this still was improved over a 0.1% drop in traffic reported in December, IATA said.
“It is premature to say whether this improvement represents a trend. Capacity climbed 3.2% and load factor fell 1.3% to 75.6%,” IATA added in a statement.
Globally, IATA said passenger traffic results of the middle east airlines for January showed a 6.5% rise compared to January 2018. This was the fastest growth in six months while January capacity rose 6.4%, and load factor inched up 0.1% to 79.6%.
“2019 has started on a positive note, with healthy passenger demand in line with the 10-year trend line. However, market signals are mixed, with indications of weakening business confidence in developed economies and a more nuanced picture across the developing world,” said Alexandre de Juniac, IATA’s director general and CEO.