The activity at Rafic Hariri International Airport has decreased in April 2024 for the fourth month in a row after a rise in December 2023 following Gaza war. The prolongation of security issues since the beginning of October 2023 in which Israeli strikes are reaching 50 km from the borders, in addition the absence of cease fire agreement in Gaza in the near future, resulted in cumulative count of passengers at Beirut International airport in 2024 to drop by 6.34% annually, reaching 1,784,786 passengers by April 2024 compared to April 2023.
The breakdown of the airport’s statistics revealed that total arrivals declined by 5.81% year-on-year (YOY) to stand at 871,961 passengers by April 2024 compared to 925,773 passengers by April 2023. Likewise, number of departing passengers decreased by 6.59% on yearly basis to reach 911,103 passengers by April 2024, compared to 975,397 passengers by April 2023 which could be considered a positive sign. Moreover, transit passengers dropped from 4,516 passengers in April 2023 to1,722 passengers in April 2024.
The monthly statistics showed a drop of 5.58% from April 2023 to April 2024. In details, on a monthly basis, arrivals in April 2024 decreased by 10.74% to stand at 251,422 passengers while departures increased slightly by 0.11% to stand at 260,281 compared to April 2023.
Beirut’s Airport Activity by April 2024
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.