Middle East passenger traffic up by 17.5% y/y in May.

By bne IntelliNews June 30, 2010

The passenger traffic of Middle Eastern carriers increased by 17.5% y/y in May, according to a report by the International Air Transport Association (IATA). The report added that the regional growth in terms of passenger traffic remained strong, although the pace of this growth has dropped from the over 20% increases recorded earlier in the year. The performance of the Gulf airlines in particular including Dubai-based Emirates, UAE carrier Etihad Airways and Qatar Airways was the main reason for the increase, IATA said noting that the region's air freight growth for Middle Eastern airlines stood at 38.6% for the same month.

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