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-07.07.25

Airborne-NextGen-07.08.25

AirborneUnlimited-07.09.25

Airborne-FlightTraining-07.10.25

AirborneUnlimited-07.11.25

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

Airborne 07.11.25: New FAA Boss, New NASA Boss (Kinda), WB57s Over TX

Also: ANOTHER Illegal Drone, KidVenture Educational Activities, Record Launches, TSA v Shoes The Senate confirmed Bryan Bedford to become the next Administrator of the FAA, in a ne>[...]

Airborne-Flight Training 07.10.25: ATC School, Air Race Classic, Samson School

Also: Sully v Bedford, Embraer Scholarships, NORAD Intercepts 11, GAMA Thankful Middle Georgia State University will be joining the Federal Aviation Administration’s fight ag>[...]

Airborne Affordable Flyers 07.03.25: Sonex HW, BlackShape Gabriel, PRA Fly-In 25

Also: DarkAero Update, Electric Aircraft Symposium, Updated Instructor Guide, OSH Homebuilts Celebrate The long-awaited Sonex High Wing prototype has flown... the Sonex gang tells >[...]

Airborne-Flight Training 07.10.25: ATC School, Air Race Classic, Samson School

Also: Sully v Bedford, Embraer Scholarships, NORAD Intercepts 11, GAMA Thankful Middle Georgia State University will be joining the Federal Aviation Administration’s fight ag>[...]

Rick Kenin New Board Chair of VAI

30-Year USCG Veteran Aviator Focusing On Member Benefits The Vertical Aviation International Board of Directors announced its new leadership officers in April, and all began their >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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