Middle East airlines have been responsible for carrying 38% of the increase in FTKs over the 12 months to
November. Trade has been increasing with Middle East economies but a large part of the airlines business is
due to their success at attracting air freight to go through Middle East hubs. Airlines in this region contributed
over 64% of the increase in worldwide air freight capacity in the 12 months to November, as they add aircraft to
their fleets. As a result load factors in this region declined.