Terminal A at Zayed International Airport. Abu Dhabi Airports posted record growth at the emirate's five hubs in 2024 , driven by Zayed International. Photo: Etihad Airways
Terminal A at Zayed International Airport. Abu Dhabi Airports posted record growth at the emirate's five hubs in 2024 , driven by Zayed International. Photo: Etihad Airways
Terminal A at Zayed International Airport. Abu Dhabi Airports posted record growth at the emirate's five hubs in 2024 , driven by Zayed International. Photo: Etihad Airways
Terminal A at Zayed International Airport. Abu Dhabi Airports posted record growth at the emirate's five hubs in 2024 , driven by Zayed International. Photo: Etihad Airways

Abu Dhabi's airports handle record 29.4 million passengers in 2024


Deena Kamel
  • English
  • Arabic

Passenger traffic across Abu Dhabi's five airports hit a record 29.4 million travellers in 2024, up 28 per cent year-on-year, driven by growth at Zayed International Airport that is home to Gulf major Etihad Airways.

Abu Dhabi's Zayed International Airport handled 28.8 million passengers last year, up from 22.4 in 2023, as the emirate's main hub added airlines and expanded its network, state-owned operator Abu Dhabi Airports said on Wednesday.

Zayed International Airport connected travellers to a network of more than 125 destinations with 29 routes launched last year.

The airport, which opened the new Terminal A in November 2023, added eight airlines last year, including British Airways, Air Astana, Aegean Airlines, US Bangla Airlines, Akasa Air, Hainan Airlines, Flynas and Turkmenistan Airlines.

“2024 was a highly successful year for Abu Dhabi Airports, marked by record-breaking passenger traffic, significant cargo growth, and the successful completion of key infrastructure projects,” Elena Sorlini, managing director and chief executive at Abu Dhabi Airports, said.

In terms of air cargo, Abu Dhabi Airports said it handled 678,990 tonnes in 2024, up 21 per cent from a year ago.

Overall aircraft movements at Abu Dhabi's five airports – Zayed International, Al Ain International, Al Bateen Executive, Delma Island and Sir Bani Yas Island airports – rose 10 per cent year-on-year to 249,747 in 2024. This reflected passenger demand from key markets such as the UK, India, Qatar, and Egypt, the data showed.

Zayed International Airport served as the “primary catalyst” of this growth, Abu Dhabi Airports said.

The hub is home to Etihad Airways, which is pressing ahead with plans to triple passenger numbers to 33 million and double its fleet to 150 planes by the end of the decade. Last year, the airline announced 10 direct routes from Abu Dhabi to destinations in Asia, Africa and the US, including Hong Kong and Atlanta.

Etihad carried 13.6 million passengers in the first nine months of 2024, a 35 per cent increase year-on-year, according to its latest report in November. Capacity, measured in available seat kilometres, increased 31 per cent year-on-year.

Passenger load factor – a measure of how many seats are filled on planes – inched up to 87 per cent in the nine-month period, from 86 per cent from the same time in 2023.

With a fleet of 95 aircraft, including five freighters, as of September 30, the airline flies to 83 destinations, up from 72 in September 2023.

Abu Dhabi is seeking to diversify its non-oil sectors – as part of wider plans to reduce the economy's reliance on hydrocarbons – with a focus on growing strategic industries including tourism, aviation and hospitality.

In April 2024, it announced plans to invest more than $10 billion in infrastructure as part of a new strategy to boost international visitor numbers and cultural activity.

Abu Dhabi's tourism sector is expected to contribute Dh55 billion ($14.97 billion) to the emirate's gross domestic product in 2024, up from Dh46 billion last year, with a “north star” target of more than Dh90 billion by 2030, Saood Al Hosani, undersecretary of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), told The National in December.

Globally, passenger demand for air travel rose 10.4 per cent year-on-year in 2024 and was up 3.8 per cent above the pre-pandemic levels of 2019, according to the International Air Transport Association (IATA).

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Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

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The UAE has a good record on gender pay parity, according to Mercer's Total Remuneration Study.

"In some of the lower levels of jobs women tend to be paid more than men, primarily because men are employed in blue collar jobs and women tend to be employed in white collar jobs which pay better," said Ted Raffoul, career products leader, Mena at Mercer. "I am yet to see a company in the UAE – particularly when you are looking at a blue chip multinationals or some of the bigger local companies – that actively discriminates when it comes to gender on pay."

Mr Raffoul said most gender issues are actually due to the cultural class, as the population is dominated by Asian and Arab cultures where men are generally expected to work and earn whereas women are meant to start a family.

"For that reason, we see a different gender gap. There are less women in senior roles because women tend to focus less on this but that’s not due to any companies having a policy penalising women for any reasons – it’s a cultural thing," he said.

As a result, Mr Raffoul said many companies in the UAE are coming up with benefit package programmes to help working mothers and the career development of women in general. 

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Updated: February 05, 2025, 12:41 PM