Emirates is feeling the effects of a global slowdown and this year will prove to be a particularly challenging one, according to its president.
“It’s tough [compared with last year],” said Tim Clark, referring to the first half of the year, at an International Air Transport Association (Iata) event in Dubai. “We are working on it.”
Air traffic demand “is all about consumer confidence”, he said. “I remain confident, [we will] get to some sort of equilibrium in oil and other issues and things will get ahead, but perhaps not at the pace it used to be.”
“Emirates, similar to all airlines, has suffered reduced demand in oil markets plus the broader implications of security threats and political uncertainties,” said John Strickland, an analyst at JLS Consulting in London.
The slowdown does not seem to be coming in the way of Emirates’ fleet expansion. “Fleet [and deliveries] remain as is,” Mr Clark said. “We have 44 aircraft coming between end of this month and December 2018.” Emirates will take delivery of its 117th A380 aircraft in December next year. It currently has 84 of the aircraft in its fleet of 233. More info