Iata says the aviation industry should brace for the coming travel season, during which demand is expected to rise further. AFP
Iata says the aviation industry should brace for the coming travel season, during which demand is expected to rise further. AFP
Iata says the aviation industry should brace for the coming travel season, during which demand is expected to rise further. AFP
Iata says the aviation industry should brace for the coming travel season, during which demand is expected to rise further. AFP

International air travel continues to recover as it rides on demand surge in June


Alvin R Cabral
  • English
  • Arabic

Air travel continued to recover in June as international traffic more than tripled, with the lifting of restrictions in most parts of the Asia-Pacific region largely contributing to the growth, the International Air Travel Association (Iata) has said.

Total air traffic in the month — measured in revenue passenger kilometres (RPKs) — rose more than two thirds, compared to June 2021, primarily propelled by an annual surge in international traffic of about 230 per cent, the global aviation body said in its monthly update released on Friday.

The results now put global traffic at about 71 per cent of pre-Covid-19 levels, another improvement from May's 69 per cent. Iata noted that its June report has returned to year-on-year comparisons, unless otherwise specified.

Meanwhile, domestic traffic for the month climbed 5.2 per cent a year, with strong improvements in most markets, combined with the easing of some lockdown restrictions related to the Omicron coronavirus strain in the Chinese domestic market, Iata said.

Total domestic traffic for June was at more than 81.4 per cent of the levels recorded in June 2019.

“Demand for air travel remains strong. After two years of lockdowns and border restrictions, people are taking advantage of the freedom to travel wherever they can,” said Iata director general Willie Walsh.

Aviation was among the industries hardest hit by the Covid-19 pandemic, which had a domino effect on tourism, hospitality and supply chains. However, the sector is making a gradual recovery.

Many major international routes — particularly those within Europe, the Middle East and North America — had already surpassed pre-pandemic levels owing to the necessity of travel, Mr Walsh said in Iata's May update.

Airlines are expected to narrow their losses in 2022 — from $42bn last year to $9.7bn this year — as air travel demand makes a strong rebound, with a return to profitability expected in 2023, Iata said in June.

June's international air traffic in the Asia-Pacific was up almost sixfold, compared with June 2021, with capacity rising 139 per cent. The region, which is now relatively open to foreign visitors and tourism, will drive global aviation's recovery, Iata noted.

In China, the world's largest aviation market, domestic RPKs fell 45 per cent annually in June, but it was still a substantial improvement compared to May’s year-on-year performance as lockdown measures have been eased.

Meanwhile, domestic traffic in Japan more than doubled.

Middle Eastern international air traffic posted the second-highest increase in June as it more than tripled from a year ago, with capacity more than doubling. European airlines reported similar improvements.

In North America, traffic rose 169 per cent annually, with capacity almost doubling. The traffic and capacity of Latin American airlines more than doubled during the month.

Mr Walsh said the aviation industry should brace for the coming travel season, where demand is expected to further rise. While acknowledging continued difficulties, he also hit out at governments that are impeding the sector's growth.

“With the Northern Hemisphere summer travel season now fully under way, predictions that the lifting of travel restrictions would unleash a torrent of pent-up travel demand are being borne out. At the same time, meeting that demand has proved challenging and likely will continue to be so," Mr Walsh said.

  • The Egyptian Air Force Silver Stars aerobatic team perform during the Pyramids Air Show 2022. Photos: AFP and Reuters
    The Egyptian Air Force Silver Stars aerobatic team perform during the Pyramids Air Show 2022. Photos: AFP and Reuters
  • They fly above (R to L) the Great Pyramid of Khufu, the Pyramid of Khafre and the Pyramid of Menkaure. AFP
    They fly above (R to L) the Great Pyramid of Khufu, the Pyramid of Khafre and the Pyramid of Menkaure. AFP
  • A 'loop the loop' above Giza.
    A 'loop the loop' above Giza.
  • A K-8E Karakorum aircraft performs.
    A K-8E Karakorum aircraft performs.
  • A heart-shaped jet trail above the Giza Pyramids Necropolis. AFP
    A heart-shaped jet trail above the Giza Pyramids Necropolis. AFP
  • The Silver Stars parachute to the ground.
    The Silver Stars parachute to the ground.
  • Flying behind a pyramid.
    Flying behind a pyramid.
  • 'Ultralight trikes' fly during the Pyramids Air Show.
    'Ultralight trikes' fly during the Pyramids Air Show.
  • Marching band members dressed in ancient Egyptian clothing.
    Marching band members dressed in ancient Egyptian clothing.
  • A burst of colour from the Silver Stars.
    A burst of colour from the Silver Stars.
  • A jet leaves a trail of red.
    A jet leaves a trail of red.
  • A helicopter from the Egyptian Air Force's Horus aerobatic team.
    A helicopter from the Egyptian Air Force's Horus aerobatic team.
  • The Egyptian and South Korean teams perform.
    The Egyptian and South Korean teams perform.
  • Two Hel Gazelle helicopters.
    Two Hel Gazelle helicopters.

"All the more reason to continue to show flexibility to the slot use rules. The European Commission’s intent to return to the longstanding 80-20 requirement is premature," he said, referring to the EU's plans to return to loosen its rules on airline takeoff and landing slots as its airports try to find balance between a surge in travellers and a shortage of workers.

"By capping passenger numbers, airports are preventing airlines from benefitting from the strong demand."

Traffic for African airlines more than doubled, with capacity up 62 per cent. Iata said international traffic between the continent and its neighbouring regions was approaching pre-pandemic levels.

However, Mr Walsh issued a warning last month that the high price of oil would, "without doubt", result in more expensive airline tickets, and said that the commodity was the single biggest element of an airline’s cost base.

On Wednesday, Iata said that global air cargo demand dropped 6.4 per cent annually in June as new export orders fell and the Russia-Ukraine war limited freight capacity.

KEY%20DATES%20IN%20AMAZON'S%20HISTORY
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WORLD CUP SEMI-FINALS

England v New Zealand

(Saturday, 12pm UAE)

Wales v South Africa

(Sunday, 12pm, UAE)

 

Tips for job-seekers
  • Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
  • Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.

David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East

COMPANY PROFILE
Name: Mamo 

 Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua

 Based: Dubai, UAE

 Number of employees: 28

 Sector: Financial services

 Investment: $9.5m

 Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors. 

 

Russia's Muslim Heartlands

Dominic Rubin, Oxford

Avatar%20(2009)
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EJames%20Cameron%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3ESam%20Worthington%2C%20Zoe%20Saldana%2C%20Sigourney%20Weaver%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%3C%2Fp%3E%0A
Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Indoor cricket in a nutshell

Indoor Cricket World Cup – Sep 16-20, Insportz, Dubai

16 Indoor cricket matches are 16 overs per side

8 There are eight players per team

There have been nine Indoor Cricket World Cups for men. Australia have won every one.

5 Five runs are deducted from the score when a wickets falls

Batsmen bat in pairs, facing four overs per partnership

Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.

Zones

A Front net, behind the striker and wicketkeeper: 0 runs

B Side nets, between the striker and halfway down the pitch: 1 run

Side nets between halfway and the bowlers end: 2 runs

Back net: 4 runs on the bounce, 6 runs on the full

Why are you, you?

Why are you, you?
From this question, a new beginning.
From this question, a new destiny.
For you are a world, and a meeting of worlds.
Our dream is to unite that which has been
separated by history.
To return the many to the one.
A great story unites us all,
beyond colour and creed and gender.
The lightning flash of art
And the music of the heart.
We reflect all cultures, all ways.
We are a twenty first century wonder.
Universal ideals, visions of art and truth.
Now is the turning point of cultures and hopes.
Come with questions, leave with visions.
We are the link between the past and the future.
Here, through art, new possibilities are born. And
new answers are given wings.

Why are you, you?
Because we are mirrors of each other.
Because together we create new worlds.
Together we are more powerful than we know.
We connect, we inspire, we multiply illuminations
with the unique light of art.

 Ben Okri,

Infobox

Western Region Asia Cup Qualifier, Al Amerat, Oman

The two finalists advance to the next stage of qualifying, in Malaysia in August

Results

UAE beat Iran by 10 wickets

Kuwait beat Saudi Arabia by eight wickets

Oman beat Bahrain by nine wickets

Qatar beat Maldives by 106 runs

Monday fixtures

UAE v Kuwait, Iran v Saudi Arabia, Oman v Qatar, Maldives v Bahrain

THE BIO

Favourite author - Paulo Coelho 

Favourite holiday destination - Cuba 

New York Times or Jordan Times? NYT is a school and JT was my practice field

Role model - My Grandfather 

Dream interviewee - Che Guevara

Fund-raising tips for start-ups

Develop an innovative business concept

Have the ability to differentiate yourself from competitors

Put in place a business continuity plan after Covid-19

Prepare for the worst-case scenario (further lockdowns, long wait for a vaccine, etc.) 

Have enough cash to stay afloat for the next 12 to 18 months

Be creative and innovative to reduce expenses

Be prepared to use Covid-19 as an opportunity for your business

* Tips from Jassim Al Marzooqi and Walid Hanna

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Results

5pm: Maiden (PA) Dh 80,000 (Turf) 1,400m. Winner: Al Ajeeb W’Rsan, Pat Dobbs (jockey), Jaci Wickham (trainer).

5.30pm: Maiden (PA) Dh 80,000 (T) 1,400m racing. Winner: Mujeeb, Fabrice Veron, Eric Lemartinel.

6pm: Handicap (PA) Dh 90,000 (T) 2,200m. Winner: Onward, Connor Beasley, Abdallah Al Hammadi.

6.30pm: Sheikh Zayed bin Sultan Al Nahyan Jewel Crown Prep Rated Conditions (PA) Dh 125,000 (T) 2,200m. Winner: Somoud, Richard Mullen, Jean de Roualle.

7pm: Wathba Stallions Cup Handicap (PA) Dh 70,000 (T) 1,600m. Winner: AF Arrab, Tadhg O’Shea, Ernst Oertel.

7.30pm: Handicap (TB) Dh 90,000 (T) 1,400m. Winner: Irish Freedom, Richard Mullen, Satish Seemar.

UAE'S%20YOUNG%20GUNS
%3Cp%3E1%20Esha%20Oza%2C%20age%2026%2C%2079%20matches%0D%3Cbr%3E%0D%3Cbr%3E2%20Theertha%20Satish%2C%20age%2020%2C%2066%20matches%0D%3Cbr%3E%0D%3Cbr%3E3%20Khushi%20Sharma%2C%20age%2021%2C%2065%20matches%0D%3Cbr%3E%0D%3Cbr%3E4%20Kavisha%20Kumari%2C%20age%2021%2C%2079%20matches%0D%3Cbr%3E%0D%3Cbr%3E5%20Heena%20Hotchandani%2C%20age%2023%2C%2016%20matches%0D%3Cbr%3E%0D%3Cbr%3E6%20Rinitha%20Rajith%2C%20age%2018%2C%2034%20matches%0D%3Cbr%3E%0D%3Cbr%3E7%20Samaira%20Dharnidharka%2C%20age%2017%2C%2053%20matches%0D%3Cbr%3E%0D%3Cbr%3E8%20Vaishnave%20Mahesh%2C%20age%2017%2C%2068%20matches%0D%3Cbr%3E%0D%3Cbr%3E9%20Lavanya%20Keny%2C%20age%2017%2C%2033%20matches%0D%3Cbr%3E%0D%3Cbr%3E10%20Siya%20Gokhale%2C%20age%2018%2C%2033%20matches%0D%3Cbr%3E%0D%3Cbr%3E11%20Indhuja%20Nandakumar%2C%20age%2018%2C%2046%20matches%3C%2Fp%3E%0A
Company%20Profile
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Seven%20Winters%20in%20Tehran
%3Cp%3E%3Cstrong%3EDirector%20%3A%3C%2Fstrong%3E%20Steffi%20Niederzoll%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Reyhaneh%20Jabbari%2C%20Shole%20Pakravan%2C%20Zar%20Amir%20Ebrahimi%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
The%20specs%20
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%204cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E261hp%20at%205%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E400Nm%20at%201%2C750-4%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E10.5L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh129%2C999%20(VX%20Luxury)%3B%20from%20Dh149%2C999%20(VX%20Black%20Gold)%3C%2Fp%3E%0A
Updated: August 05, 2022, 11:08 AM