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

ROUTE TO TITLE

Round 1: Beat Leolia Jeanjean 6-1, 6-2
Round 2: Beat Naomi Osaka 7-6, 1-6, 7-5
Round 3: Beat Marie Bouzkova 6-4, 6-2
Round 4: Beat Anastasia Potapova 6-0, 6-0
Quarter-final: Beat Marketa Vondrousova 6-0, 6-2
Semi-final: Beat Coco Gauff 6-2, 6-4
Final: Beat Jasmine Paolini 6-2, 6-2

About Proto21

Date started: May 2018
Founder: Pir Arkam
Based: Dubai
Sector: Additive manufacturing (aka, 3D printing)
Staff: 18
Funding: Invested, supported and partnered by Joseph Group

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

COMPANY PROFILE

Name: Haltia.ai
Started: 2023
Co-founders: Arto Bendiken and Talal Thabet
Based: Dubai, UAE
Industry: AI
Number of employees: 41
Funding: About $1.7 million
Investors: Self, family and friends

Abu Dhabi traffic facts

Drivers in Abu Dhabi spend 10 per cent longer in congested conditions than they would on a free-flowing road

The highest volume of traffic on the roads is found between 7am and 8am on a Sunday.

Travelling before 7am on a Sunday could save up to four hours per year on a 30-minute commute.

The day was the least congestion in Abu Dhabi in 2019 was Tuesday, August 13.

The highest levels of traffic were found on Sunday, November 10.

Drivers in Abu Dhabi lost 41 hours spent in traffic jams in rush hour during 2019

 

Updated: January 10, 2023, 3:59 AM