The Middle East will experience a flat aviation market in the next 12 months, according to Robin Kamark, CCO at Etihad Aviation Group.
In an opinion piece looking ahead to 2019, Kamark said he predicts a significant slowdown in the sector due to the high supply of capacity. However, Kamark said high supply works in the consumer’s favour, as they will “most likely always find a seat on [their] desired flight,” he said.
Etihad Airways enjoyed steady growth in the first and second quarters of 2018, before experiencing a slowdown in the fourth quarter due to a softening global market. Kamark said the airline predicts “cautious growth” in international travel and markets.
Shifting oil prices and currency fluctuations have also played a key role in negatively impacting airline revenue, though Kamark sees current opportunities in inbound tourism and stopovers.
Source Credit: Arabian Business