Skip to content Skip to Search
Skip navigation

Dubai Airports ups 2022 annual passenger forecast to 64.3m

WAM
Average monthly traffic exceeded the six-million mark throughout the third quarter at DXB

Dubai Airports has increased its annual forecast for passenger traffic at Dubai International (DXB) to 64.3 million following its strong performance in the third quarter and the prospects of a stronger surge in the offing in the final three months of 2022, the UAE state-owned WAM news agency reported.

Average monthly traffic exceeded the six-million mark throughout the third quarter at DXB. The airport recorded 18.5 million passengers in Q3 2022, the first time quarterly traffic reached pre-pandemic levels.

DXB recorded 17.8 million passengers in the first quarter of 2020 before the pandemic.

“The growth in passenger traffic has been terrific throughout the year and continues to exceed our expectations by a margin,” said Paul Griffiths, CEO of Dubai Airports.

Passenger volumes at DXB recorded a triple-digit surge in the third quarter to reach 18.46 million propelling the year-to-date September traffic to 46.34 passengers, a year-on-year (YoY) increase of 167.6 percent.

The year-to-date traffic volume represents 72 percent of DXB’s pre-pandemic passenger traffic during the same period in 2019.

Impacted by the moving of all major freight operators from DXB back to Dubai World Central (DWC) in March, cargo continued to register a softening of demand in Q3 2022.

DXB recorded 397,676 tonnes of freight in the third quarter, bringing the total volume for the first nine months of 2022 to 1.31 tonnes, a YoY drop of 23.3 percent.

Flight movements in Q3 surged to 98,577 at DXB, propelling the number of flight movements recorded between January and September to 274,911, up 159.5 percent YoY.

India was DXB’s top country destination in terms of traffic volume, recording 6.8 million passengers in the first nine months of the year.

Saudi Arabia was placed second with 3.4 million passengers, followed by the UK (3.2 million passengers) and Pakistan (2.7 million passengers).

The US and Australia reported 2.2 million and 1.1 million in passenger traffic, respectively.

The top three cities by traffic were London (2 million passengers), Riyadh (1.5 million) and Mumbai (1.3 million), the report said.

Latest articles

ADQ's holdings include Abu Dhabi National Energy Company (Taqa) and are worth almost $200 billion

ADQ: how Abu Dhabi’s ‘baby’ fund is finding its feet

Abu Dhabi sovereign wealth fund ADQ may be the younger, smaller sibling of ADIA and Mubadala but there are no signs of an inferiority complex as it executes billion-dollar deals at home and overseas. Most notable was the $35 billion agreement signed with the Egyptian government in February this year to develop Ras El Hekma, […]

Suriname oil

QatarEnergies buys into Suriname oil expansion

The state-owned giant QatarEnergy has signed a deal with US oil company Chevron to acquire a 20 percent interest in a production-sharing contract for an offshore concession in the South American country of Suriname. Chevron will keep a 40 percent interest in Surname’s block 5, as will Paradise Oil, an affiliate of Suriname’s national oil […]

Rakbank

Rakbank plans first bond to fund social projects

The National Bank of Ras Al Khaimah (Rakbank) is planning to launch its first social bond issuance, a news report has said. The Abu Dhabi-listed bank is seeking bids for the five-year benchmark-sized dollar-denominated bond, Reuters reported. The initial price was set at 170 basis points over US Treasuries, with the final pricing expected on confirmed […]

The proposed sharia standard 62, which aims to transition the industry towards asset-backed sukuk, will not affect 2024 issuance, says S&P

Sharia standard 62 may disrupt sukuk market, says S&P

Global sukuk issuances are likely to suffer next year if the proposed standard 62 sukuk changes to sharia guidelines are implemented, according to credit rating agency S&P. “Adopting Accounting and Auditing Organization for Islamic Financial Institutions standard 62 guidelines as they have been presented could disrupt the market,” it said in a new report. The […]