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FINANCIAL NEWS
Passenger demand in ME up 18 percent
08 Mar 2014
(MENAFN) Passenger demand in the Middle East region increased by over 18 percent in January, Arabian Business reported.
Data by the International Air Transport Association (IATA) reveal that demand for the region’s carriers surged 18.1 percent, the strongest across all regions.
Capacity went up 15 percent from January 2013, whle load factor increased 2.2 percent to 81.1 percent.
IATA said: “The Middle East carriers are benefitting from the strength of regional economies and solid growth in business-related premium travel, supported by the performance of internationally trading industries and key economies such as Saudi Arabia and the UAE.”
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