The six national carriers in the Gulf generated a revenue of $5.9 billion last year, a three per cent increase over the previous year.
The growth in air transport industry in the region contributed to the increase, details of a study published in Saudi Gazette said.
The total number of passengers in the six carriers - Saudi Arabian, Kuwaiti, Qatari, Omani and Emirates airlines and Gulf Air - rose by four per cent to one million and total air cargo reached two million tonnes, an increase of 7 per cent.
The study on the economies of air transport in the GCC predicted that passenger movement in the region between the Middle East and Europe will grow by six per cent during 2000-2004.
Investments in the region's aviation sector is expected to be between $5 billion and $7.5 billion during the period.
The Asian return travel figures rose last year by 5.2 per cent over 1999.
It said the revenue growth in Bahrain was four per cent, Saudi Arabia (3 per cent), UAE (4 per cent), Kuwait (3.5 per cent), Qatar (4.5 per cent) and Oman 3.5 per cent.
TTN is the most established trade publication in the Middle East distributed on a controlled circulation basis to members of the travel and tourism industry.
Published monthly by Al Hilal Publishing and Marketing Group, the region’s foremost trade publisher, TTN is aimed at professionals in the industry, from travel agents to airline and hotel personnel.
TTN provides in-depth and extensive coverage of relevant issues in the Middle East and North Africa as well as in other parts of the world. Travel related news, analysis, and new appointments together with information on up-coming exhibitions, marketing and promotional campaigns are presented in an innovative and striking colour tabloid.
Every issue also contains a collation of international and regional news and topical features of interest to readers.
Bahrain: | +973 1729 3131 |
Dubai: | +971 4 3422 020 |
London: | +44 208 943 3630 |
Editorial: | [email protected] |
Advertising: | [email protected] |