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Dubai airport sees passenger travel surge, hikes annual forecast

DUBAI (Reuters) - The operator of Dubai International said on Wednesday over 14 million passengers had travelled through the airport in the second quarter, and raised its forecast...

DUBAI (Reuters) - The operator of Dubai International said on Wednesday over 14 million passengers had travelled through the airport in the second quarter, and raised its forecast for the year to 62.4 million passengers.

That was the ninth consecutive quarter that saw greater passenger figures than the prior quarter as international travel demand ramps up amid an easing of pandemic restrictions worldwide.

Dubai's airport screened 14.2 million passengers in the April to June period, nearly three times the 4.9 million in the same quarter a year earlier, Dubai Airports said in a statement.

The airport, the busiest for international travellers globally, handled 27.9 million in the first half, more than double the number of a year ago and just short of the 25.9 million recorded in all of 2021.

The operator said it now projected an average of 5.6 million passengers through the airport each month for the rest of the year, upwardly revising its annual forecast by 7%.

Dubai International has recovered 67.5% of pre-pandemic passenger traffic comparing the first six months of this year to the same period in 2019, Dubai Airports said.

The airport recorded an 18.9% drop in first-half cargo volumes to 910,075 tonnes, which Dubai Airports in part attributed to a 45-day period capacity reduction amid scheduled runway maintenance work.

Major cargo operators also moved flights back to another airport in Dubai in March. Cargo services had been consolidated at Dubai International at the height of the pandemic.

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01-05-2024 10:45:17 (UTC+7)

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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