epa06450277 An Airbus A320 aircraft of German carrier Lufthansa takes off at Duesseldorf International Airport in Duesseldorf, Germany, 18 January 2018. The German Meteorological Service (DWD) has issued severe weather warnings due to strong winds. DWD warns that storm ‘Friederike’ is predicted to be in full effect on 18 January bringing gale-force winds along with it.  EPA/SASCHA STEINBACH
The region saw passenger traffic rise by 6 per cent last year as improving world economy helped to boost global demand. Sascha Steibach/EPA

Middle East airline passenger traffic up for 2017 as global demand soars



The International Air Transport Association (Iata) announced Middle East carriers’ traffic increased 6.6 per cent last year over 2016. Capacity climbed 6.4 per cent and load factor rose 0.1 percentage point to 74.7 per cent.

Global passenger traffic results for 2017 show that demand (revenue passenger kilometres or RPKs) for the year ended December 31 rose 7.6 per cent compared to 2016.

"2017 got off to a very strong start and largely stayed that way throughout the year, sustained by a broad-based pick-up in economic conditions. While the underlying economic outlook remains supportive in 2018, rising cost inputs, most notably fuel, suggest we are unlikely to see the same degree of demand stimulation from lower fares that occurred in the first part of 2017," said Alexandre de Juniac, Iata’s director general and CEO.

Global passenger traffic results were well above the 10-year average annual growth rate of 5.5 per cent. While the rate of demand growth slowed to 6.2 per cent in December 2017, compared to December 2016, this largely was owing to less favourable comparisons to the even stronger growth trend seen in the year-ago period, Iata said. Full-year 2017 capacity rose 6.3 per cent, and load factor climbed 0.9 percentage point to a record calendar-year high of 81.4 per cent.

International passenger traffic soared 7.9 per cent compared to 2016, Iata said. Capacity rose 6.4 per cent and load factor climbed 1.1 percentage points to 80.6 per cent. All regions recorded year-over-year increases in demand, led by the Asia-Pacific and Latin America regions.

Asia-Pacific carriers posted annual demand growth of 9.4 per cent, compared to 2016, driven by robust regional economic expansion and an increase in route options for travellers. This was the first time since 1994 that Asia-Pacific led all the regions in annual growth rate. Capacity rose 7.9 per cent, and load factor climbed 1.1 percentage points to 79.6 per cent.

___________

Read more:

Iata head upbeat on regional airlines after a trying time

Middle East airline profits to double, says Iata

___________

European carriers’ international traffic climbed 8.2 per cent in 2017 compared to the previous year, underpinned by buoyant economic conditions in the region. Capacity rose 6.1 per cent and load factor surged 1.6 percentage points to 84.4 per cent, which was the highest for any region.

Airlines based in the Middle East faced a challenging first half of the year, although Iata said it is worth noting that the seasonally adjusted (SA) trend in international RPKs recovered somewhat during the second half. The market segment to/from North America was hit the hardest owing to factors including the temporary ban on large portable electronic devices in the aircraft cabin as well as the proposed US travel bans affecting some countries in the region. The region’s share of global traffic (9.5 per cent) fell for the first time in 20 years.

Still, in December Iata said Middle East airlines were likely to see net profits double to $600 million in 2018, with demand expected to outpace announced capacity expansion.

North American airlines saw full year traffic rising 4.8 per cent compared to 2016, as the comparatively robust economic backdrop supported outbound passenger demand. This was somewhat offset by a slowdown in inbound travel partly attributable to the new immigration and security restrictions put in place for travel to the US, as well as the extreme weather events that hit the US later in the year, according to the aviation group.

Latin American airlines' traffic climbed 9.3 per cent in 2017, the fastest rate since 2011. Capacity rose 8 per cent and load factor increased 1 percentage point to 82.1 per cent, the second highest among the regions.

African airlines saw 2017 traffic rise 7.5 per cent compared to 2016. Capacity rose at less than half the rate of demand (3.6 per cent), and load factor jumped 2.5 percentage points to 70.3 per cent. While indicators in South Africa are consistent with falling economic output, Nigeria has returned to growth, helped by the recent rise in oil prices, Iata said.

Domestic air travel climbed 7 per cent last year. All markets showed annual growth led by India, China, and Russia, albeit with wide variation. Capacity increased 6.2 per cent and load factor was 83 per cent, up 0.7 percentage point compared to 2016.

Japan posted its fastest full year of growth (up 5.8 per cent) since 2013, driven in part by the country's stronger economic backdrop. Brazil's domestic traffic returned to growth last year with a 3.5 per cent demand increase, after recording an annual decline of 5.5 per cent in 2016.

Company Profile

Name: Direct Debit System
Started: Sept 2017
Based: UAE with a subsidiary in the UK
Industry: FinTech
Funding: Undisclosed
Investors: Elaine Jones
Number of employees: 8

Kandahar

Director: Ric Roman Waugh

Stars: Gerard Butler, Navid Negahban, Ali Fazal

Rating: 2.5/5

The specs

Engine: 4.4-litre, twin-turbo V8
Transmission: eight-speed auto
Power: 617hp
Torque: 750Nm
Price: from Dh630,000
On sale: now

Traits of Chinese zodiac animals

Tiger:independent, successful, volatile
Rat:witty, creative, charming
Ox:diligent, perseverent, conservative
Rabbit:gracious, considerate, sensitive
Dragon:prosperous, brave, rash
Snake:calm, thoughtful, stubborn
Horse:faithful, energetic, carefree
Sheep:easy-going, peacemaker, curious
Monkey:family-orientated, clever, playful
Rooster:honest, confident, pompous
Dog:loyal, kind, perfectionist
Boar:loving, tolerant, indulgent  

Ant-Man and the Wasp: Quantumania

Director: Peyton Reed

Stars: Paul Rudd, Evangeline Lilly, Jonathan Majors

Rating: 2/5

MATCH INFO

Qalandars 109-3 (10ovs)

Salt 30, Malan 24, Trego 23, Jayasuriya 2-14

Bangla Tigers (9.4ovs)

Fletcher 52, Rossouw 31

Bangla Tigers win by six wickets

The five pillars of Islam
Temple numbers

Expected completion: 2022

Height: 24 meters

Ground floor banquet hall: 370 square metres to accommodate about 750 people

Ground floor multipurpose hall: 92 square metres for up to 200 people

First floor main Prayer Hall: 465 square metres to hold 1,500 people at a time

First floor terrace areas: 2,30 square metres  

Temple will be spread over 6,900 square metres

Structure includes two basements, ground and first floor 

COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

'My Son'

Director: Christian Carion

Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis

Rating: 2/5

Nepotism is the name of the game

Salman Khan’s father, Salim Khan, is one of Bollywood’s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad. 

Company profile

Company name: Fasset
Started: 2019
Founders: Mohammad Raafi Hossain, Daniel Ahmed
Based: Dubai
Sector: FinTech
Initial investment: $2.45 million
Current number of staff: 86
Investment stage: Pre-series B
Investors: Investcorp, Liberty City Ventures, Fatima Gobi Ventures, Primal Capital, Wealthwell Ventures, FHS Capital, VN2 Capital, local family offices

Profile box

Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)


Checking In

Travel updates and inspiration from the past week

      By signing up, I agree to The National's privacy policy
      Checking In