Dubai Airports traffic may reach pre-Covid levels in early 2024: CEO – What We Know!

Air passenger visitors in Dubai could attain pre-pandemic ranges in 2024, a 12 months sooner than beforehand anticipated, Dubai Airports CEO Paul Griffiths mentioned.

Karim Sahib | AFP | Getty Photos

Air passenger visitors in Dubai could attain pre-pandemic ranges in 2024, a 12 months sooner than beforehand anticipated, Dubai Airports CEO Paul Griffiths mentioned.

“We recorded 13.6 million passengers in that first quarter [at Dubai International Airport]. That is inflicting us to revise our forecast for the 12 months,” he advised CNBC’s Dan Murphy on Wednesday, calling it an “extraordinarily encouraging” end result.

“Initially, we thought 2025, nevertheless it’s fairly seemingly we’re going to be again to pre-Covid ranges — perhaps as early as Q1 or Q2 of 2024,” he mentioned.

The primary quarter passenger numbers for 2022 are up almost 140% from the identical interval in 2021, and symbolize a 15.7% enhance from the final quarter of 2021, Dubai Airports mentioned in a press launch.

Air visitors plunged throughout the pandemic, however Dubai Worldwide Airport remained the busiest airport for worldwide passengers in 2020 and 2021, in keeping with the Airports Council Worldwide.

The airport served 29.1 million passengers in 2021and 25.9 million in 2020. Griffiths mentioned he expects visitors to hit 58.3 million passengers this 12 months — nonetheless a far cry from numbers earlier than the pandemic, when the airport noticed 86.4 million clients come by way of in 2019.

A number of the guests to Dubai truly are serving to enhance our point-to-point visitors numbers to greater than 100% of pre-Covid ranges.

Paul Griffiths

CEO, Dubai Airports

Dubai Airports, which is owned by the town’s authorities, manages Dubai Worldwide and Dubai World Central Airports within the United Arab Emirates.

Journey between Dubai and the remainder of the world, or point-to-point visitors, has rebounded “extremely strongly,” Griffiths mentioned.

“A number of the guests to Dubai truly are serving to enhance our point-to-point visitors numbers to greater than 100% of pre-Covid ranges,” he mentioned.

The restoration within the transit market has been slower and stands at round 60% of 2019 ranges, the press launch mentioned.

Some markets equivalent to these in Southeast Asia and Australasia closed their borders for a interval, however are beginning to reopen now, he famous.

“So hopefully, throughout Could, we’ll see rebounds within the Chinese language journey market, additional strengthening in Australasia and all the normal markets which can be excellent for us for switch visitors can be again to their former power,” he mentioned.

China continues to be holding on to its zero-Covid coverage, and imposed strict restrictions to cope with outbreaks in Shanghai and Beijing in current weeks.

Guidelines for journey

By way of well being and security necessities for air journey, together with testing and masks mandates on planes, Griffiths mentioned they could quickly ease additional in Dubai.

“We’re not distant from a complete rest,” he mentioned, noting that vaccinated vacationers to Dubai don’t should be examined on arrival.

“We’re very anxious, clearly, to chill out restrictions, however not till it’s protected to take action,” he added.

Individually, the CEO mentioned it’s as much as the federal government whether or not Dubai Airports can be listed publicly in an preliminary public providing.

“The Dubai authorities, I’m positive, in fullness of time will decide. And we’ll clearly embrace no matter determination that’s with nice enthusiasm,” he mentioned.

Requested if the corporate is prepared for an IPO, he mentioned: “We’re prepared for something.”