UAE airfares down 35% as budget carriers expand

UAE airfares down 35% as budget carriers expand

Real airfares in the United Arab Emirates have declined by 35 per cent over the past 12 years, driven by rising competition, the expansion of low-cost carriers, and growing demand for air travel, the International Air Transport Association (IATA) said in a report released Wednesday. “In the past 50 years, flight costs have decreased by 70 per cent globally, making air transport more accessible. The average real airfare in the UAE decreased by 35…

Aviation drives $92 billion boost to UAE economy, IATA reports

The aviation industry, including aviation-related tourism, contributed a staggering $92 billion to the United Arab Emirates’ (UAE) economy in 2023, accounting for 18.2% of the country’s GDP, according to a new study released by the International Air Transport Association (IATA). The report highlights the significant economic footprint of aviation in the UAE, supporting nearly 1 million jobs across the sector. Of these, 74,500 were directly emplo…