Middle East discount carriers are likely to double their share of the air travel business to about 15 percent in the next three years as the market is “underserved,” FlyDubai Chief Executive Officer Ghaith Al Ghaith said.
Discount carriers including FlyDubai have a 7 percent share of the Middle East air travel market and “there is definitely room to improve and grow,” Al Ghaith said in an interview at the Arabian Travel Market in Dubai today. “We believe the market is underserved.”
FlyDubai, which began operations in June, Sharjah-based Air Arabia PJSC and Kuwait-based Jazeera Airways KSC are boosting the share of low-cost carriers in Middle East air travel. Discount carriers had 30 percent of the air travel market in the U.S. and 39 percent in Europe this month, according to figures from the Geneva-based International Air Transport Association.
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