The activity at Rafic Hariri International Airport has significantly deteriorated in October 2023 following Hamas’ attack on Israel on October 7. Although, the cumulative count of passengers at Beirut International airport surged by 17.62% annually, reaching 6,297,871 passengers by October 2023, the monthly statistics showed a decline of 33.44% by the same period. In more details, on a monthly basis, arrivals decreased by 38.94% to stand at 208,374 and departures dropped by 29.14% in October to reach 307,731. Naturally, many citizens felt compelled to flee their country due to concerns about its potential involvement in the conflict.
The breakdown of the airport’s statistics revealed that total arrivals jumped by 17.51% year-on-year (YOY) to stand at 3,063,940 by October 2023 compared to 2,607,315 by October 2022. Meanwhile number of departing passengers climbed by a yearly 18.57% to reach 3,222,662 by October 2023, compared to 2,717,832 by October 2022. Nevertheless, transit passengers dropped from 29,229 by October 2022 to 11,269 transit passengers by October 2023.
Beirut’s Airport Activity by October 2023
Source: Beirut International Airport, BlomInvest
This article is a research document that is owned and published by Blominvest Bank SAL.
No material from this publication may be modified, copied, reproduced, repackaged, republished, circulated, transmitted or redistributed directly or indirectly, in whole or in any part, without the prior written authorization of Blominvest Bank SAL.
The information and opinions contained in this document have been compiled from or arrived at in good faith from sources deemed reliable. Neither Blominvest Bank SAL, nor any of its subsidiaries or affiliates or parent company will make any representation or warranty to the accuracy or completeness of the information contained herein.
Neither the information nor any opinion expressed in this research article constitutes an offer or a recommendation to buy or sell any assets or securities, or to provide investment advice.
This research article is prepared for general circulation and is circulated for general information only.