Fueled by growing a freighter fleet, Middle East carriers have clear plans to develop their cargo business, even if disruption in the regions means this is temporarily on pause.
Airlines are making adjustments in response to shifting demand linked to the Middle East conflict, but there is no evidence that a wave of retirements is imminent.
AIRCASTLE posted $194m net income for year ended Feb 28 (vs $124m a year ago) on 19% higher revenues, ending fiscal year with 282 owned/managed aircraft.
Narrowbody lessor Aircastle has noted that European and Asian airlines are bracing for jet fuel scarcity, but the Iran conflict so far has not impacted its business.
Asia-Pacific airlines are employing every available strategy to counter the unpredictable swings in fuel prices that continue to complicate their planning.
Passenger and cargo traffic at Entebbe International Airport declined in the first quarter of 2026, according to data from the Uganda Civil Aviation Authority.