In March Etihad reported their awful financial results from last year, as the airline lost $870 million, bringing their losses over the past four years to nearly $5.6 billion.
Continue reading: Emirates Reports $288 Million Profit (Up 21%)
Share your questions, experiences, and thoughts below.
I should also add Emirates does not make the same mistakes that Etihad, Qatar and Delta do which is investing in loss making carriers and throwing bucket loads of cash at them with no return.
The ME airlines are going to have to face a West where regulatory thought is shifting from a primary focus on cost containment to one that takes into account the interests of all stakeholders.
That combined with an increasing nationalism/regionalism combined with increasing viability of point-to-point flying doesn't bode well for them.
What they really need is a reason for people to fly to their domiciles, not just through them.
LMAO @Jonn, the UAE doesn't support terrorism? What exactly is the alliance with al-Qaeda in Yemen then? The support for the STC? The support for the warlord Khalifa Haftar? You know, the UN wrote a letter to the UAE about being al-Shabaab's economic lifeline?
A profit of $288 million is impressive, yet Emirates is still not refunding fares paid for flights Emirates themselves cancelled. Not impressive. But a clever way to make a profit!
To suggest that airlines such as Emirates and Qatar somehow support terrorism is stupid. Yes, they are government owned. But that doesn't amount to these planes, pilots, flights attendants (all foreign) dancing to the tune of the host country's foreign policies (except for the desire to connect the world through their respective hubs, and providing superior customer service along the way).
Jonn says:
May 10, 2020 at 12:50 pm
Wow! so casually spoken on terrorism and even made decisions. Seems you got a specialist degree on the subject, maybe a crystal ball?? Perhaps you could answer, what happened to all the 'terrorism' in the world with COVID19? Perhaps the virus killed it too!
Those on QR investing in loss making airlines are pure rubbish. Air Italy aside, which they pulled out fast enough unlike Etihad, they were investing in immensely profitable airline companies like IAG, Cathay Pacific, and so on. Terrorism funding is just smokescreen used, don't forget who funded Saudis was on Afghanistan that ultimately created bin Laden, or where did the Iranians F14s come from. Republicans are doing it again by funding the Russians to rig votes.
US Airlines are state financed but privately owned. We carelessly fund lavish stock buybacks and then repeatedly bail them out as needed. The American people are like a rich aunt to a druggy teenager. The Gulf airlines are just living with their parents.
I have read that Dubai except Emirates from all airport handling fees while foreign carriers have to pay. If thats accurate, it could be a major contributor to their economy...
Quite shameful to even care Emirates makes profits. It is a sham. Getting “independent auditors” - you do know how EY got blasted when a whistleblower came about on the going ins in Dubai. And Ben you once wrote an article about the labourers in Dubai. That’s exactly what Emirates runs. If I OWN THE AIRPORT, THE REGULATORY AUTHORITY, GROUND HANDLER AIRPLANES AND DICTATE WHO PAYS THE FEES THEN I AM THE ONLY ONE MAKING PROFITS. Emirates lives off cheap cheap labour - imagine hiring a ground agent for barely $1000 a month from South Asia. Cleaners for $250 a month. Do the math. In fact everyone should be ashamed for supporting these horrible crooked airlines and now the truth is being shown with covid. I’m going to openly bash them because you need to look beyond your credit card miles and open your eyes. Things are not right there at all
@Jacob, I beg to differ and side with Lucky on this one. Emirates has some great cabin crew men in Business and First class that have always given this spicy latino an AMAZING taste and tour of Dubai, if you know what I mean. I'm sure Lucky had a few "friendly" encounters back in the days before Ford. For that, I commend Emirates for find the right men to serve me and how they handle their business!
I mean I would post a profit too if I told people they wouldn't get flight refunds for at least 90 days.... pathetic.