He noted that Egypt has succeeded in maintaining the stability of its aviation sector and enhancing its growth potential amidst geopolitical tensions and economic changes that have affected several countries in the region.
Al-Awadhy stated that EgyptAir represents a positive model for airlines in the region, as it has been able to deal flexibly with regional challenges and capitalize on the changes the sector is witnessing. This has been reflected in its operational performance and the continued growth in demand for travel to and from Egypt.
He explained that supportive regional indicators bolster the prospects of the Egyptian air transport market, with net profits for Middle Eastern airlines expected to reach $6.9 billion in 2026. This growth is driven by the expansion of long-haul flights and hub airports, which will benefit air traffic through Egyptian airports.
Al-Awadhi noted that the Middle East region is projected to receive approximately 240 million passengers in 2026, exceeding the global average in terms of growth. He emphasized that Egypt is well-positioned to capitalize on this growth thanks to its strategic geographic location, its extensive airport network, and EgyptAir's pivotal role in connecting Africa, the Middle East, and Europe.
Conversely, he cautioned against the persistence of certain regional challenges, such as geopolitical instability and the closure of airspace in neighbouring countries, which lead to increased operating costs. He affirmed, however, that the Egyptian market's resilience in adapting to these changes reinforces its position as one of the most stable aviation markets in the region.
Short link: