FINANCIAL NEWS

ME carriers top global airlines growth in January: IATA

03 Mar 2012

(MENAFN) The International Air Transport Association (IATA), said Middle East airlines recorded double-digit traffic growth in January, the best performance in the world, Arabian Business reported.

The organization reported 14.5 percent growth in the region’s carriers, representing a return to the growth rates last seen in 2010.

The report also detailed that capacity rose 10.6 percent while load factor grew 2.7 points to 78.5 percent, among the highest of the regions.

Middle Eastern carriers also enjoyed a 9.4 percent rise in freight demand, also the healthiest performance among the regions.

Internationally, IATA reported 5.7 percent increase in global passenger traffic. Air freight, however, dropped eight percent decline compared to a year earlier.

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