Emirates Profits Slump On Falling Airfares | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.05.25

Airborne-NextGen-05.06.25

AirborneUnlimited-05.07.25

Airborne-Unlimited-05.01.25

AirborneUnlimited-05.02.25

Fri, Nov 11, 2016

Emirates Profits Slump On Falling Airfares

Down 64 Percent Due To Competition, Reduced Demand

Profits at Emirates Group have dropped 64 percent over the past year due to lower travel demand and strong competition, the airline has reported.

Buying Business Travel reports that the airline's half-year profits have slumped to $364 million, even though revenue has climbed one percent to $12.7 billion.

Sheikh Ahmed bin Saeed Al Maktoum, chairman and CEO of Emirates Airline and Group, said the airline's performance for the first half of the 2016-17 financial year continues to be impacted by the strong US dollar against other major currencies.

“Increased competition, as well as the sustained economic and political uncertainty in many parts of the world has added downward pressure on prices as well as dampened travel demand,” he said.

But the executive said that the carrier is continuing to make strategic investments and launching new destinations, including a route from Dubai to Ft. Lauderdale, FL starting next month.

(Image from file)

FMI: www.emirates.com/us‎

Advertisement

More News

ANN's Daily Aero-Term (05.05.25): Circle To Runway (Runway Number)

Circle To Runway (Runway Number) Used by ATC to inform the pilot that he/she must circle to land because the runway in use is other than the runway aligned with the instrument appr>[...]

ANN's Daily Aero-Linx (05.05.25)

Aero Linx: National Aviation Safety Foundation (NASF) The National Aviation Safety Foundation is a support group whose objective is to enhance aviation safety through educational p>[...]

NTSB Prelim: De Havilland DHC-1

At Altitude Of About 250-300 Ft Agl, The Airplane Experienced A Total Loss Of Engine Power On November 6, 2024, at 1600 central standard time, a De Havilland DHC-1, N420TD, was inv>[...]

Classic Aero-TV: The Boeing Dreamliner -- Historic First Flight Coverage

From 2009 (YouTube Edition): Three Hour Flight Was 'Flawless' -- At Least, Until Mother Nature Intervened For anyone who loves the aviation business, this was a VERY good day. Afte>[...]

Airborne-NextGen 05.06.25: AF Uncrewed Fighters, Drones v Planes, Joby Crew Test

Also: AMA Names Tyler Dobbs, More Falcon 9 Ops, Firefly Launch Unsuccessful, Autonomous F-16s The Air Force has begun ground testing a future uncrewed jet design in a milestone tow>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC