Middle East Airline Traffic Marks a Prosperous Start to 2024 | Kanebridge News
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Middle East Airline Traffic Marks a Prosperous Start to 2024

According to recent data from the International Air Transport Association (IATA), the aviation sector has witnessed a significant uplift, particularly in the Middle East, where airline traffic surged by over 16% in the past year.

Fri, Mar 8, 2024 3:47pmGrey Clock 2 min

This increase in airline traffic is part of a broader pattern of growth across the global airline industry, marking a vibrant commencement to 2024. The IATA‘s January 2024 report highlights this upswing in both regional and worldwide passenger demand, showcasing an overall demand spike measured in revenue passenger kilometers (RPKs) by 16.6%.

Global Airline Industry’s Upward Trajectory

The global aviation landscape is also on an upward trajectory, as evidenced by increases in total capacity, which is gauged in available seat kilometres (ASK), by 14.1%. The load factor, an indicator of how efficiently airlines fill seats, reached 79.9%, improving by 1.7 percentage points.

The international sector particularly flourished with a 20.8% increase in demand, while the domestic market saw a 10.4% rise. Willie Walsh, IATA’s Director-General, emphasized the robust start to 2024 amidst economic and geopolitical challenges, urging governments to recognize aviation’s role in economic growth without imposing detrimental taxes and regulations.

 

Regional Highlights and Recovery Patterns

The Asia-Pacific region, notably, experienced a dramatic 45.4% jump in January 2024 traffic compared to the previous year, spurred largely by China’s early moves to ease COVID-19 travel restrictions.

Although the recovery of major international routes to and from the Asia-Pacific is ongoing, certain routes, including those between Asia and the Middle East, have now surpassed pre-pandemic levels. European carriers also saw growth, with a 10.8% increase in traffic, signaling a strong rebound, especially on routes between Europe and North America, which are now 6.5% above January 2020 levels.

Middle Eastern airlines mirrored this positive trend, recording a 16.2% rise in traffic for January 2024 compared to the year before. This region, along with North American and Latin American carriers, demonstrated significant growth, with Latin American airlines leading in load factor increases. Conversely, African airlines, despite an 18.5% traffic boost, had the lowest load factor, pointing to varied recovery rates across different markets.



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UAE Initiates State-Owned EV Charging Initiative to Boost Electric Vehicle Acceptance

The United Arab Emirates is improving its electric vehicle infrastructure with a new government-owned EV charging network.

Wed, May 22, 2024 2 min

The UAE Ministry of Energy and Infrastructure (MoEI) alongside Etihad Water and Electricity (Etihad WE) have collaborated to form UAEV, a new joint venture aimed at strengthening the electric vehicle (EV) charging framework throughout the UAE. This venture is the first EV charging network entirely owned by the government, aimed at broadening access to EV charging facilities across the country.

The project seeks to revolutionize the UAE’s transport sector by enabling broader adoption of EVs via a robust and widespread charging infrastructure. This initiative is expected to strengthen communities, generate employment, and promote eco-friendly transportation options.

Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, said: “UAEV embodies the power of partnership between government and industry, and aims to provide vital electric vehicle infrastructure to boost adoption of EVs, energize communities, and unleash the economic potential of the UAE.

“We hope that this partnership will further accelerate the transition to cleaner transportation and significantly reduce emissions from the transportation sector, thereby helping to bring our Net Zero 2050 Strategy within reach.”

Sharif Al Olama, who has been appointed Chairman of UAEV, said: “In 2023, we saw a rise in EV adoption in the UAE. By expanding our EV infrastructure, we ensure the country is equipped to support those who have already purchased an EV and make the prospect of switching to EV attractive.

“Together, MoEI and Etihad WE form a powerful force that can help future-proof the UAE and achieve the twin objectives of economic growth and climate action, which underpin UAEV.”

The UAEV is also a perfect platform for Etihad WE, the largest employer in the Northern Emirates and a company with a customer base of over 2 million households, to use its core competency and enhance its product offering.

Yousif Ahmed Al Ali, CEO of Etihad Water and Electricity and Board Member of UAEV, explained: “It is part of a deliberate strategy to diversify our operations, using the knowledge and experience acquired from our role as long-standing pioneers in the energy sector, to explore new products, services, projects, and investments which will benefit our customers.

“UAEV charging infrastructure will contribute to the modernization of the UAE’s transport network, help energize communities by creating new jobs, and empower our customers to make more sustainable choices.”

 

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