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FINANCIAL NEWS
Mideast airlines record 18.1 percent cargo business growth in May
02 Jul 2015
(MENAFN) Middle Easter airlines registered an 18.1 percent growth in their cargo business in May, driven by the rising trade activities in the region, according to the International Air Transport Association (IATA), Gulf Times reported.
In addition, taking advantageous measures over ‘the GCC carriers’ hub strategy’ were of a tremendous aid for Middle Eastern carriers to capitalize and further their cargo business growth.
“Cargo growth has undoubtedly come off the boil. The expansion in volumes we saw in 2014 has ground to a halt, and load factors are falling,” IATA’s Director General and CEO said in a statement.
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