My Account Menu

CAPA Login

Register to trial CAPA Membership!

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

8-Apr-2010 12:03 PM

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).