The International Air Transport Association (IATA) announced the results of international passenger traffic for July 2019, which saw a slowdown in the pace of growth of global demand for flights, despite the increase in total demand (estimated by passenger revenue per kilometer) by 3.6%, compared to the period This is a decline from the 5.1% annual growth recorded in June.
Middle East airlines saw a 1.6% increase in passenger traffic in July 2019, but a significant drop from the previous month's 8.3% growth in June, according to an IATA report.
Weak global trade, volatile oil prices and growing geopolitical tensions in the region are among the negative factors that have affected the sector's performance in the region, the IATA report said.
All regions witnessed a growth in passenger traffic, registering a growth of 3.2% in monthly capacity (estimated at the number of seats available per kilometer), and the load factor increased 0.3 percentage points to 85.7%.
The Director General and Chief Executive Officer of the International Air Transport Association, Alexander de Juniac, said that July's performance marked a modest start to the peak season of demand by passengers, and this is due to tariffs, trade wars and doubts about the issue of Brexit, which contributed to weakening demand. Compared to what we saw in 2018.