Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Dubai airport sees pre-pandemic monthly passenger volumes by end of 2023

Published 08/17/2022, 12:47 AM
Updated 08/17/2022, 04:31 AM
© Reuters. FILE PHOTO: Emirates airliners are seen on the tarmac in a general view of Dubai International Airport in Dubai, United Arab Emirates January 13, 2021. REUTERS/Abdel Hadi Ramahi

DUBAI (Reuters) -The operator of Dubai International Airport said on Wednesday said the Middle East hub could see monthly passenger traffic return to pre-pandemic levels in the latter half of next year.

Dubai Airports Chief Executive Paul Griffiths told Reuters 62.4 million passengers were now expected to travel through the airport this year, about 7% more than its most recent forecast after traffic more than doubled in the first half.

"We should be back at the normal sort of monthly throughputs of about 7 million passengers-plus by the end of next year. That's what we're predicting," he said in an online interview.

The airport is expecting an average of 5.6 million a month in the second half of this year.

The state-owned operator has previously said Dubai International could return to pre-pandemic annual passenger traffic levels in 2024. It handled 86.4 million passengers in 2019.

Dubai airport screened 27.9 million passengers in the first half of the year, compared to 10.6 million a year ago, while second quarter traffic nearly tripled to 14.9 million.

"As soon as people have been able to travel again, they've voted with their feet ... and the evidence is there," Griffiths said.

© Reuters. FILE PHOTO: Emirates airliners are seen on the tarmac in a general view of Dubai International Airport in Dubai, United Arab Emirates January 13, 2021. REUTERS/Abdel Hadi Ramahi

The recovery at the airport, hub for airline Emirates, continues to be led by passengers starting or ending their journey in Dubai, rather than catching connecting flights.

Griffiths said about 75% of pre-pandemic transit traffic had recovered and that point-to-point traffic was expected to remain strong.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.