Originally Posted by
Robomo
Emirates have just announced their half-year profit - NZ$1.3 billion. This is 65% more than the same period last year.
This was achieved despite regional unrest, unfavourable $US exchange rate and increased competition and slightly reduced load factors (down to 78%). Total passesnger numbers and cargo both increased 10% from a year ago.
This result is similar to most of the worlds big airlines - all reporting record and increasing profits and more passengers flying.
So despite turmoil in some regions, more planes and more competition; more and more people are flying. My belief is that the cost of airfares is now just a minor part of people's total holiday or business expenses. Despite video conferencing, head to head meetings are still the preference.