Latest news with #demandgrowth
Zawya
5 days ago
- Business
- Zawya
Oman: International passenger growth sees 8% increase in April
The International Air Transport Association (IATA) released data for April 2025, which stated that the total demand, measured in revenue passenger kilometers (RPK), was up 8% compared to April 2024. Total capacity, measured in available seat kilometers (ASK), was up 6.5% year-on-year. The April load factor was 83.6%. International demand rose 10.8% compared to April 2024. Capacity was up 8.5% year-on-year, and the load factor was 84.1%, the highest ever for April. Domestic demand increased 3.3% compared to April 2024. Capacity was up 3.1% year-on-year. The load factor was 82.7%. April was a positive month for travel. Growth strengthened, especially for international demand, which saw record load factors for the month. The return of the transatlantic market to growth is particularly encouraging. But there are some signs of fragility of consumer and business confidence with continued weakness in the US domestic market and a sharp fall in North American premium class travel,' said Willie Walsh, IATA's Director General. Middle Eastern carriers saw an 11.2 percent year-on-year increase in demand. Capacity increased 6.6% year-on-year, and the load factor was 83.1%. Domestic RPK rose 3.3% over April 2024, and load factor increased just 0.1 ppt to 82.7% on the back of 3.1% capacity expansion. Domestic US traffic was the only market to contract for a third straight month of decline, while India and Brazil expanded at a double-digit pace. India's capacity expansion was even faster, leading to a slight fall in load factor. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Argaam
15-05-2025
- Business
- Argaam
IEA raises oil demand growth forecast
The International Energy Agency (IEA) raised its forecasts for oil demand growth, projecting higher figures for both the current and upcoming years. Meanwhile, refinery output projections remain largely consistent with last month's report. In its May report published today, May 15, the agency increased its forecast for oil demand growth in 2025 by 20,000 barrels per day (bpd), bringing the total to 740,000 bpd. Similarly, the 2026 forecast has been raised to 760,000 bpd, up from the previously estimated 690,000 bpd.
Argaam
14-05-2025
- Business
- Argaam
OPEC sticks to 2025, 2026 global oil demand outlook
OPEC maintained its outlook for global oil demand growth for 2025 and 2026, amid expectations for an increase of nearly 100,000 barrels per day (bpd) in OECD countries.
