Feb 02 2012 |
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Mideast carriers record 11.1% growth in demand in Dec 2
By Abdul Basit DUBAI - Middle Eastern airlines recorded the strongest year-on-year growth in passenger demand for the third consecutive month in December, according to the International Air Transport Association (IATA).The group, which represents some 240 major airlines, said that the regional airlines recorded an 11.1 per cent growth in demand in December with 77.1 per cent load factor. The apex body of the airline industry on Wednesday announced full year passenger demand for 2011 along with December growth. Middle Eastern carriers ranked third among six regions globally with 8.9 per cent for 2011 with 9.7 per cent increase in capacity and 75.4 per cent load factor.
"Airlines in this region have slowed the pace at which they have expanded but price competitive products and geographically well-positioned hubs are enabling Middle East carriers to continue to improve their share of long-haul markets," IATA said in a statement. The IATA reported that last year's passenger demand rose 5.9 per cent compared to 2010, in line with long-term growth trends. In contrast, cargo markets contracted by 0.7 per cent for the year; but recorded positive demand growth in December of 0.2 per cent.
Growth in demand lagged capacity increases at 6.3 per cent for passenger and 4.1 per cent for cargo putting downward pressure on load factors. The average passenger load factor for 2011 was 78.1 per cent, down from 78.3 per cent in 2010, while the freight load factor was just 45.9 per cent, down from 48.1 per cent in 2010.
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