Dubai Airport passenger traffic held down by Middle East/North Africa troubles, air fares mixed
Dubai Airport reported a solid increase in passenger numbers in Feb-2011, but was not unscathed by regional uncertainty. The reductions were however minimised thanks to Dubai's highly diversified network and carrier base. But air fare trends are mixed, reflecting the troubles and opportunities in its significant portfolio of city pairs.
Dubai now serves 176 destinations as a tourist, business and transit hub, according to OAG. London is the airport's biggest destination, accounting for 5% of total weekly seats, followed by Doha and Kuwait.
Dubai's top destinations: seats per week*
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Economy fares on the London Heathrow route have trended upwards since mid-March, with the 30-day moving average of cheapest available fares edging above the USD1,000 barrier in recent weeks. Click here for more fares data for Dubai Airport.
But business fares to Heathrow have eased lately, possibly signaling a weakening of the all-important premium travel market.
Economy fares on the Doha route have also risen in recent months.
Return economy fares from Dubai to Doha: Sep-2010 to May-2011
Business fares on the important Dubai-Doha sector are also trending higher.
Return business fares from Dubai to Doha: Sep-2010 to May-2011
Hit by crisis in Middle East/North Africa
Passenger totals on Middle Eastern routes dropped by 33,036 in the month and the airport reported a 28,395 decline in passenger traffic to Africa, as traffic was affected by political unrest in Tunisia, Egypt, and Bahrain. Dubai Airports CEO, Paul Griffiths, stated, “Dubai International continues to achieve consistent growth even during a period of global turbulence which is affecting the travel plans of millions of people”.
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Cargo traffic down due to timing of Chinese New Year
Dubai’s cargo throughout slumped 9% to 156,259 tonnes (reflecting a decline in traffic from Asia, particularly from China due to the Chinese New Year holidays, as well as by limited flight disruptions in the Middle East. (Changi reported a 1.9% fall in cargo in Feb-2011).
Meanwhile, Dubai’s aircraft movements surged by 7.2% to 24,646, reflecting weaker load factors and/or smaller aircraft gauges.