Number of Airport Passengers Down on a Monthly Basis by 27.54% by November 2023

The activity at Rafic Hariri International Airport has significantly deteriorated in November 2023 following Hamas’ attack on Israel on October 7. Although, the cumulative count of passengers at Beirut International airport surged by 14.15% annually, reaching 6,621,355 passengers by November 2023, the monthly statistics showed a decline of 27.54% by the same period. In more details, on a monthly basis, arrivals decreased by 27.5% to stand at 151,846 and departures dropped by 26.06% in November to reach 171,488. 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 14.17% year-on-year (YOY) to stand at 3,215,786 by November 2023 compared to 2,816,765 by November 2022. Meanwhile number of departing passengers climbed by a yearly 15.06% to reach 3,394,150 by November 2023, compared to 2,949,774 by November 2022. Nevertheless, transit passengers dropped from 34,273 by November 2022 to 11,419 transit passengers by November 2023.

Beirut’s Airport Activity by November 2023

Number of Airport Passengers Down on a Monthly Basis by 27.54% by November 2023

Source: Beirut International Airport, BlomInvest

 

Disclaimer:

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.

Leave a Reply

Your email address will not be published. Required fields are marked *