MidEast carriers recorded 13% cargo jump in November
Middle East carriers recorded at 12.9 percent jump in cargo demand in November, while capacity rose 17.1 percent, according to figures released by the International Air Transport Association (IATA).
“Trade has been increasing with Middle East economies but a large part of the airlines business is due to their success at attracting air freight to go through Middle East hubs,” IATA said in statement on Wednesday.
Middle East airlines have been responsible for 38 percent increase in demand in the 12 months to November. The region has also contributed to an over 64 percent increase in global freight capacity over the same period.
IATA said the increase in capacity by Middle East airlines is resulting in a drop in load factors for the region.