GENEVA / WAM The International Air Transport Association (IATA) released data for January 2024 global passenger demand indicating a strong start for the year. Total demand, measured in revenue passenger kilometres (RPKs), increased by 16.6 percent. Total capacity, measured in available seat kilometres (ASK), increased by 14.1 percent. The load factor was 79.9 percent, which is an increase of 1.7 ...

ABU DHABI / WAM The Middle East’s commercial aircraft services market will more than double in value by 2042, according to Airbus’ latest Global Services Forecast (GSF). Growing to $28 billion from $12 billion, and registering a 4.4 percent average annual growth, the regional expansion will surpass the global average growth of 3.6 percent. Today, five of the world’s largest ...

ABU DHABI / WAM Etihad Airways announced its financial results for the full year 2023, reporting total revenue of AED20.3 billion ($5.5 billion) for the year ended on December 31, 2023. The company’s total revenue was AED18.3 billion ($5.0 billion) in 2022. The airline recorded AED1.4 billion ($394 million) operating result, driven by AED4 billion ($1.1 billion) year-on-year growth in ...