Outlook for aviation in 2023 - Business Extra



The global aviation industry will return to profit for the first time since 2019 as passenger demand continues to improve and Covid-19 related restrictions ease.

In the Middle East, airlines are also set to benefit from higher oil prices.

The optimistic forecast will depend on the impact of headwinds such as high jet fuel prices and reduced consumer spending amid an economic downturn.

After the conclusion of the International Air Transport Association conference in Geneva, Deena Kamel, The National's aviation correspondent, talks to host Mustafa Alrawi about the 12 months ahead.

In this episode

How was the aviation industry in 2022? (1min 30sec)

Outlook for 2023 (3m 16s)

What are the obstacles currently facing the industry? (6m 47s)

The friction between airline and airports (9m 40s)

What will drive airline demands in the Gulf in 2023? (15m 4s)

More

Deepak Chopra's factors for success

US energy envoy Amos Hochstein at Adipec

Zada Haj on future of Middle East food security

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Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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JERSEY INFO

Red Jersey
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Green Jersey
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Al Jazira's foreign quartet for 2017/18

Romarinho, Brazil

Lassana Diarra, France

Sardor Rashidov, Uzbekistan

Mbark Boussoufa, Morocco

UAE squad

Rohan Mustafa (captain), Ashfaq Ahmed, Ghulam Shabber, Rameez Shahzad, Mohammed Boota, Mohammed Usman, Adnan Mufti, Shaiman Anwar, Ahmed Raza, Imran Haider, Qadeer Ahmed, Mohammed Naveed, Amir Hayat, Zahoor Khan

Updated: January 10, 2023, 3:59 AM