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Despite ongoing global geopolitical tensions, bottlenecks in aircraft production, and engine problems, Turkish Airlines continued its growth uninterruptedly thanks to its agility and extensive flight network, increasing passenger capacity by 5.4% in the third quarter of 2024. In the July-September period of 2024, Turkish Airlines’ total revenues increased by 4.9% year-on-year to 6.6 billion USD, even with the high base effect from the same period in 2023. Passenger revenues, which accounted for 84% of the total, increased to 5.6 billion USD driven by the strong contribution from the Far East region. At the same time, our Incorporation’s third-quarter cargo revenues rose by 47% year-on-year to 911 million USD. Turkish Cargo increased the amount of cargo transported by 16.8% compared to the same period in 2023 and became the world’s third-largest air cargo carrier in September, with a market share of 5.7%, according to data published by the International Air Transport Association (IATA). Due to competitive pressure on passenger unit revenues along with the negative impacts of global inflationary environment and engine problems on costs, Profit from Main Operations recorded as 1.3 billion USD in the third quarter of 2024. Our Incorporation’s EBITDAR amounted to 2.3 billion USD and EBITDAR margin stood at 35.2%, exceeding both its historical average and peers. Financial income generated through Turkish Airlines’ effective and dynamic portfolio management also played a key role in supporting net profit. Aiming to expand its fleet to 800 aircraft by 2033 as part of its 100th Anniversary Strategy, Turkish Airlines increased its number of aircraft by 9% in the first nine months of the year to 467 in spite of bottlenecks in aircraft production. As a part of its diversification strategy …

Middle Eastern carriers saw a 4.9% year-on-year increase in demand. Capacity increased 5.6% year-on-year and the load factor was 82.5% (-0.6ppt compared to August 2023).All regions showed growth for international passenger markets in August 2024 compared to August 2023. Ticket sales in May-July for travel in August-September showed a 6.6% year-on-year increase, which bodes well for further strong growth this year. Asia-Pacific airlines achieved a 19.9% year-on-year increase in demand. Capacity increased 18.8% year-on-year and the load factor was 85.2% (+0.8ppt compared to August 2023). Asia-Pacific is still growing robustly and is now just 8 percentage points from full recovery to pre-pandemic volumes. European carriers saw a 9.1% year-on-year increase in demand. Capacity increased 8.5% year-on-year, and the load factor was 87.2% (+0.5ppt compared to August 2023). The Europe-Asia route was by far the fastest-growing, but it is still markedly below its 2019 peak.

According to Cavendish Maxwell the tourism sector in Saudi Arabia contributed 11.5% to its GDP in 2023, when tourist arrivals surged to 27 million in 2023, surpassing Vision 2030 targets. It also states that in addition to this growth in numbers, international tourists are staying longer and spending more. They spent 57% more year-on-year to reach $60.62bn in 2023. This was almost five as much per visitor as the much more numerous domestic tourists. Their spending also grew, by 21.5%, to reach $38bn. Spending of this magnitude has resulted in tourism climbing rapidly in economic importance within the Kingdom; it currently stands around 11.5% as a proportion of GDP. Tourism has also generated the sought-after jobs: by 2022, 879,815 people worked in the industry,5 but 436,000 jobs were added last year alone.6 Considering both direct and indirect employment, one in five jobs now depends on the industry.

dnata Travel has reported a 21% increase in the average booking value for in-store services in 2024 compared to the previous year. Walk-in services at its 13 retail outlets across the UAE remain the most popular way for residents to book travel, driven by a rise in demand for more complex itineraries. This summer, multi-location trips across Europe were particularly popular, combining train and self-drive travel. France, Italy and Switzerland were frequently included in these itineraries, which featured multiple stops across one or several countries. Tailor-made itineraries in Asia also gained traction throughout the year, with bookings typically including multiple stops within a single country. Hotspots across Thailand and Sri Lanka are especially sought after, with a notable spike in demand for Vietnam compared to previous years. Cruise itineraries, offering multiple stops across different countries, are also seeing steady growth, with dnata Travel anticipating even higher demand as the GCC cruise season approaches this winter. Meerah Ketait, Head of Retail and Leisure UAE at dnata Travel, commented: “Multi-destination itineraries are trending, as travellers look to experience the best of a region or country in one extended trip. “Many of our customers prefer to book these complex journeys in-store, where our travel experts can provide personalised advice on destinations, hotels and the latest offers. We offer a one-stop solution, where travellers can book everything from flights and hotels to car rentals, tours and insurance. “One of the highest value in-store bookings in 2024 was a summer trip across France, taking in Paris and Cannes, then on to Monaco. Our travel experts arranged the flights, accommodation, private transport and guided tours, all with a fashion theme, in one sitting. This luxurious itinerary featured …

Middle Eastern carriers saw a 5.8% year-on-year increase in demand. Capacity increased 5.5% year-on-year and the load factor was 84.1% (+0.3ppt compared to July 2023). according to the latest data shared by IATA. Total demand, measured in revenue passenger kilometers (RPK), was up 8.0% compared to July 2023. Total capacity, measured in available seat kilometers (ASK), was up 7.4% year-on-year. The July load factor was 86.0% (+0.5ppt compared to July 2023). There was no significant negative demand impact from the CrowdStrike IT outage on 19 July. International demand rose 10.1% compared to July 2023. Capacity was up 10.5% year-on-year and the load factor fell to 85.9% (-0.3ppt compared to July 2023). Domestic demand rose 4.8% compared to July 2023. Capacity was up 2.8% year-on-year and the load factor was 86.1% (+1.7ppt compared to July 2023). “July was another positive month. In fact, passenger demand hit an all-time high for the industry and in all regions except Africa, despite significant disruption caused by the CrowdStrike IT outage,” said Willie Walsh, IATA’s Director General. “The winding down of the peak northern summer season is a reminder of how much people depend on flying. As the mix of travelers shift from leisure to business, aviation’s many roles are evident—reuniting families, enabling exploration, and powering commerce. People need and want to fly. And they are doing that in great numbers. Load factors are at the practicable maximum. But persistent supply chain bottlenecks have made deploying the capacity to meet the need to travel more challenging. As much of the world returns from vacation, there is an urgent call for manufacturers and suppliers to resolve their supply chain issues so that air travel remains accessible and …

flyadeal announced that during the first six months of 2024, they posted over 5 million seats marking a 9% increase when compared with the same time last year. In terms of new routes, at present they operate 75 routes, representing 8% rise, with 33 aircraft, an increase of 12% and on-time performance which peaked at 91% and ordering a record 51 narrowbody aircraft. In terms of training, the 50th batch of cabin crew was inducted into flyadeal’s training with graduation of first pilots under flyadeal’s new cadet training programme. Key milestones included a landmark order for 51 Airbus narrowbody aircraft, including 12 further A320neos – the model being the backbone of flyadeal’s current fleet – and first-time customer of 39 bigger A321neos with deliveries scheduled from 2026. In anticipation of continued growth, flyadeal has been busy hiring more flight crew. During the first half of 2024, flyadeal inducted its 50th batch of cabin crew and also launched a cadet programme for aspiring Saudi pilots with the first group having successfully completing their training. flyadeal was also recognised for its pioneering work in the development and adoption of digital technology being named Saudi Arabia’s Ecommerce Innovator of the Year at the Middle East Retail and Ecommerce Summit. Steven Greenway, flyadeal Chief Executive Officer, said: “flyadeal’s first half performance in 2024 underscores our ongoing commitment to develop as the airline of choice in the Kingdom and beyond with a focus on service excellence and introducing more digitally enabled products to improve the customer experience. Our on-time performance which measures punctuality peaked at 91 per cent, an incredible achievement and among the highest in the industry. “These impressive accomplishments were only possible with the …

SAUDIA, has achieved positive growth in its operational performance for the first half of 2024, based on the latest performance report. The airline carried 16.3 million guests on both domestic and international routes, marking a 19% increase compared to the same period in 2023. This growth was supported by the operation of over 94,300 flights, including scheduled and additional services, representing an 11% increase. Additionally, Saudia recorded 287,200 flight hours, with an 11% rise compared to last year, while maintaining an exceptional on-time performance rate of 89.3%. In international operations, Saudia transported over 9.1 million guests, reflecting a 24% increase from the previous year, and conducted 42,000 flights, marking a 13% increase compared to the same period in 2023. The airline’s international fleet logged 199,000 flight hours, marking a 12% growth. Domestically, Saudia served more than 7.2 million guests, a 14% increase, with over 52,300 flights operated, recording a 10% rise. Domestic flight hours also grew by 9%, reaching 88,000 hours. H.E. Engr. Ibrahim Al-Omar, Director General of Saudia Group, stated: “In the first half of 2024, we successfully executed both our Summer and Hajj season plans. I extend my sincere gratitude and appreciation to all Saudia employees for their unwavering dedication, operational excellence, and exemplary on-time performance, which have greatly contributed to increased guest satisfaction.” Saudia’s high-quality operational performance is bolstered by its current fleet of 144 aircraft, which facilitates connections between the Kingdom and over 100 destinations across four continents. This extensive network supports various sectors, including tourism, business, sports, entertainment, Hajj, and Umrah. Looking ahead, Saudia is poised for unprecedented growth with two major agreements with Boeing and Airbus for the acquisition of 103 new aircraft over …

Air Arabia announced record financial results for the full year ending December 31, 2023. The airline has achieved double-digit growth in profitability and passenger numbers, showcasing its commitment to growth plans and exceptional financial and operational performance. Air Arabia has reported a record net profit of AED 1.5 billion for the full year ending December 31, 2023; representing a 27 per cent increase compared to the AED 1.2 billion recorded in 2022. Moreover, the airline’s turnover for the same period reached AED 6 billion, reflecting a 14 per cent increase compared to the AED 5.2 billion registered in 2022. Full Year 2023 Performance: AED FY 2023 FY 2022 % Revenue AED 6 billion AED 5.2 billion 14% Passenger Numbers*all hubs* 16.7 million 12.8 million 31% Seat Load Factor 80% 80% – Net Profit AED 1.54 billion AED 1.2 billion 27%   Air Arabia’s Board of Directors proposed a dividend distribution of 20 per cent of share capital, which is equivalent to 20 fils per share. This proposal was made following a meeting of the board of directors of Air Arabia and is subject to ratification by Air Arabia’s shareholders at the company’s upcoming Annual General Meeting.   Sheikh Abdullah Bin Mohamed Al Thani, Chairman of Air Arabia, said: “2023 has been a remarkable year for the airline. Air Arabia has successfully maintained its growth momentum from the previous record-breaking year and achieved exceptional financial and operational results. The significant milestones attained in terms of growth, revenue, and profitability serve as a testament to Air Arabia’s robust business model, competent management team, and effective growth strategy.” He continued: “Despite the numerous geopolitical and economic challenges faced by the global aviation industry, the …

Etihad Airways published its preliminary traffic statistics for January 2024 where the carrier welcomed more than 1.4 million guests onboard and saw its load factor average out at 86.04 per cent across the month. “In January 2024 we saw a 35 per cent year-on-year growth in customer numbers and were flying to five more destinations than the same period in 2023, making us one of the fastest growing airlines in the world,” said Antonoaldo Neves, CEO of Etihad Airways. “We are meeting customer demand by adding more flights to key destinations, and Etihad is now offering almost 27% per cent more weekly departures for Summer 24 compared to last summer. “We began the year by launching daily flights from Abu Dhabi (AUH) to Kozhikode (CCJ) and Thiruvananthapuram (TRV) in the Kerala region of India taking our total number of Indian gateways to 10. “We are proud to have welcomed 1.4 million guests to our new home, Abu Dhabi’s Zayed International Airport, and we eagerly anticipate introducing more of the world to both the new airport and the onboard Etihad experience throughout 2024, as our network and frequencies continue to expand.”

According to Wego’s data there is a surge in flight bookings 11.37% YoY increase in international flight bookings for the travel period between November 2023 and January 2024, as more MENA travellers are flying this winter compared to last year. Wego also observed that there’s been a steady rise in booking numbers every year since the post-pandemic period of 2021, reflecting a growing appetite for winter travel among MENA travellers. The latest findings included this season witnesses families and travellers gearing up for winter trips, either for leisurely vacations or for expat residents to return home. In time for the holiday, Wego has identified several winter travel trends among MENA travellers. Among the top destinations this winter Cairo stands out as the top destination among MENA residents, followed closely by Jeddah, Dubai, Istanbul, and Kuwait. Major cities in the South and Southeast Asia also feature on the list, with Manila, Lahore, and Delhi in the top 10. Travel interest in these destinations may represent the homecoming trips for the Filipino, Indian, and Pakistani communities in the region. According to Wego’s data, average flight prices for some popular routes are lower this winter compared to last year. Flights to Cairo from several GCC countries notably saw some of the steepest price drops, averaging up to 35% cut compared to last year’s winter period. Moreover, these same Cairo routes are now cheaper than during this year’s summer holiday, between 5 to 43.56% decrease, depending on the departure city. Even compared to pre-pandemic rates, Cairo routes now sport cheaper price tags. For instance, the average ticket price from Riyadh to Cairo in 2023 has dropped by 112.81% compared to the winter period toward the end of …