The recent International Air Transport Association (IATA) global passenger traffic results for February showed demand growth of 5.4% compared to February 2013 for Middle East carriers. The numbers were a bit low as compared with January traffic. However, there was a cumulative traffic growth for first two months of 2014 around 6.9%, which compares favorably with 5.2% overall growth achieved in 2013.
February capacity rose 5.2% and load factor climbed 0.2% to 78.1%. All regions except Africa experienced positive traffic growth.
“People are flying. Strong demand is consistent with the pick-up in global economic growth, particularly in advanced economies.” said Tony Tyler, IATA’s Director General and CEO.
February international passenger traffic rose 5.5% compared to the year-ago period. Capacity rose 5.8% and load factor slipped 0.2% to 76.8%. All regions recorded year-over-year increases in demand.
Middle East carriers had a strong year-over-year traffic growth in February at 13.4% as airlines continue to benefit from strength of regional economies and solid growth in business-related premium travel. The Gulf nations witnessed a capacity increase of 12.5% and load factor climbed 0.6% to 78.9%.
However, African airlines experienced slow demand growth, up 0.1% compared to February 2013. With capacity up 4.1%, load factor fell 2.6% to 63.7%, by far lower as compared to other regions.