Loading
8-Apr-2010 12:03 PM

Double-digit growth for the Middle East in 2010; low yield in long-haul markets to affect profits

IATA Regional VP Middle East and North Africa, Dr Majid Sabri, stated travel markets "continue to develop within the region creating new demand", adding that "successful competition on long-haul connections to Asia over Middle Eastern hubs has improved market share for the region's carriers" (Oman Daily Observor, 07-Apr-2010). He added that Middle East carriers are expected to experience a further demand growth of 15.2% in 2010, but added that he assumes low yields in long-haul markets connected over Middle East hubs is a burden on profitability and there could be a small increase in the loss forecast (currently at USD400 million for Middle East carriers).