Air Traffic to Dubai Still Growing

Air Traffic to Dubai Still Growing

Air Traffic to Dubai Still Growing

Passenger numbers at Dubai World Central, DWC, Dubai’s second airport, grew by more than 35 percent in the first half of the year, according to the traffic report issued by operator, Dubai Airports, today.

DWC welcomed 554,993 passengers in the first half of 2017 compared to 410,278 passengers during the first six months last year, a growth of 35.3 percent. The first half numbers were boosted by consistent growth in the second quarter during which passenger traffic totalled 221,213, up 45.1 percent compared to 152,465 during the same period in 2016.

The top regions for DWC in terms of passenger volumes during the first half were Eastern Europe (207,798 passengers), the GCC (170,424), Western Europe (61,459) and the Indian subcontinent (55,785 passengers).

Flight movements during the first half totalled 18,371, down 11.1 percent compared to 20,656 flight movements recorded during the corresponding period in 2016. The average passenger per flight movement during the first half was 121, up 34.4 percent compared to 90 during the first six months of 2016.

Freight volumes at DWC totalled 443,835 tonnes during the first half compared to 430,132 tonnes recorded in the first six months of 2016, an increase of 3.2 percent.

“Overall, DWC performed well in the first half of the year with both scheduled and chartered carriers contributing to traffic volumes at the airport. DWC’s continuing growth as an important travel and logistics hub is driven by advantages the facility offers to both airlines and passengers, from easy availability of slots to quick turn-around times, access to new catchment area, and quick transit times for passengers,” said Paul Griffiths, CEO of Dubai Airports.

DWC is currently served by 8 passenger carriers, operating an average of 95 flights weekly to 14 international destinations and is home to 26 scheduled cargo operators that fly to as many as 70 destinations around the world.

DWC is undergoing a major expansion that will see its annual capacity increase from the existing 5 million passengers to 26 million passengers.

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S. Jack Heffernan Ph.D. Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.