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FINANCIAL NEWS
Middle East airlines’ traffic rises in July
25 Aug 2010
(MENAFN) Middle Eastern airlines increased demand by 16.8 percent in July year-on-year, and by 19.4 percent over the first seven months of the year, data from the International Air Transport Association (IATA) has revealed.
The July statistic was a little lower than the 18 percent recorded in June, reflecting the global recovery in demand that took place at around this time last year.
However, the region still outperformed its global peers by some margin, reflecting the increased levels of long-haul traffic being diverted through Middle East hubs.
In a bid to cater to the increased demand, the Middle East region also added 12.8 percent capacity in July and 13.2 percent in the first seven months.
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