07 Feb 2015
(MENAFN) The International Air Transport Association (IATA) said global passenger traffic demand (revenue passenger kilometers or RPKs) rose 5.9 percent in 2014, Arab News reported.
It said that more than half of the growth in passenger travel occurred on airlines in emerging markets including the Middle East. In recent months, domestic market growth played a large role in driving growth.
Middle East carriers had the strongest annual traffic growth at 13 percent. The region’s economies continue to show robust growth in non-oil sectors, and are therefore well-placed to withstand the plunge in oil revenues.
Capacity rose 11.9 percent and load factor climbed 0.8 percentage points to 78.1 percent. This is owed mainly to a pick-up in Chinese domestic travel which expanded by some 11 percent in 2014 over the previous year.
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