Middle East passenger demand growth slowest in world again
Middle East carriers see 2.8% passenger demand increase in November, the lowest among the regions for a third consecutive month
Middle East carriers saw a 2.8 percent passenger demand increase in November, which was the lowest among the regions for a third consecutive month.
A report in Hotelier Middle Easts' sister online portal Arabian Business has said that the latest figures released by the International Air Transport Association (IATA) also showed that capacity rose 5.6 percent and load factor slipped 1.9 percent to 69 percent.
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, the report added.
North American airlines’ traffic climbed 6.1 percent, Latin American airlines’ November traffic rose 5.8 percent and African airlines experienced a 5.7 percent 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 percent over the year-ago period, and load factor dipped 0.4 percent to 80 percent. 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 percent 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.