Middle East Passenger Demand Growth: The Slowest

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Middle East carriers saw a 2.8% passenger demand increase in November, which was the lowest among the regions for a third consecutive month.

Latest figures released by the International Air Transport Association (IATA) also showed that capacity rose 5.6% and load factor slipped 1.9% to 69%.

Compared to the Middle East region, European carriers saw demand increase by 9 percent in November while passenger traffic climbed 6 percent in Asia Pacific.
North American airlines’ traffic climbed 6.1%, Latin American airlines’ November traffic rose 5.8% and African airlines experienced a 5.7% jump in demand compared to November 2017 – all well ahead of the Middle East growth rate.

Globally, total revenue passenger kilometres (RPKs) rose 6.2 percent compared to November 2017, a slight deceleration from 6.3 percent growth in October.
Capacity increased by 6.8% over the year-ago period, and load factor dipped 0.4% to 80%. It was only the third time in two years that load factor fell on a year-to-year basis.

“Traffic is solid. But there are clear signs that growth is moderating in line with the slowing global economy. We still expect 6% demand growth this year. But trade tensions, protective tariffs and Brexit are all uncertainties that overhang the industry,” said Alexandre de Juniac, IATA’s director general and CEO.

 

Source Credit: Arabian Business

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