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FINANCIAL NEWS
ME’s carriers slightly affected by the unrest
03 Jun 2011
(MENAFN) The International Air Transport Association’s (IATA) director general and chief executive, Giovanni Bisignani, said that although the region went through political unrest in the recent months, Middle Eastern airlines were slightly affected by the events in April since air travel demand grew 12.1 percent from the same period in 2010, reported The National.
Bisignani added that the growth in the sector was higher than the gains in March, reflecting larger gains for April for airlines worldwide, adding that the figures showed that Middle East air traffic started to recover.
He also said that in April, the demand for international flights went up by 16.5 percent compared with the same month in 2010, which benefited the region’s full service carriers that operated flights between Asia and the West.
It is worth noting that although the figures were positive to some extent, the airline industry outlook was affected by frequent events, like the outcome from the earthquake and tsunami that hit Japan and led to a nuclear crisis. Moreover, flight demands and high jet fuel prices will have their impact on the business.
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BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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