Emirates president Tim Clark forecast airfares would not rise despite the instability of oil prices and said Emirates and the airline industry “as a whole” has been “remarkably resilient and fair and reasonable about what it's doing about its pricing” (Gulf News/ANI, 13-Jun-2012).
Emirates: Industry has been 'remarkably resilient and fair and reasonable' over pricing
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flydubai is continuing to rapidly expand its extensive network in the CIS region with nine new destinations being launched in 2013. flydubai’s rapid growth in the CIS market will be followed by sister carrier Emirates, which recently unveiled plans to also serve Kiev from Jan-2014.
Dubai-Kiev Boryspil will be Emirates’ first service to the Ukraine and third overall in the CIS along with Moscow Domoededovo and Saint Petersburg. Further CIS network expansion by Emirates is likely to come as low-cost narrowbody operator flydubai continues to develop the Dubai-CIS market, growing routes to the point they can also support widebody service from Emirates.
Emirates announced on 11-Jul-2013 plans to launch daily Dubai-Kiev Boryspil service on 16-Jan-2014, using three-class, 258-seat A340-500s. Emirates’ service will be only the second carrier providing first class seats into Ukraine, following Uzbekistan Airways’ weekly Boeing 767-300 service.
Emirates reports a USD600 million 1HFY2014 profit but sees a 'challenging' environment
Emirates chairman and CEO Sheikh Ahmed bin Saeed Al Maktoum has described the global business environment as “challenging”, as the Emirates Group reported a profit of AED2.2 billion (USD600 million) for the six months to 30-Sep-2013. The profit result was up only 4% on the same period in 2012, while group revenue rose 13%. The Emirates Group described the result as a “robust performance” and a reflection of its “steady focus on its long-term vision and business growth”.
Sheikh Ahmed struck an unusually cautious tone for Emirates, despite returning a profit most airlines would only dream of. While Group revenue rose to AED42.3 billion (USD11.5 billion), the carrier’s mainline Emirates passenger airline business saw its bottom line results improved only 2%, to a net profit position of AED1.7 billion (USD475 million). The results show “steady demand for our products and services” according to Sheik Ahmed, and capacity and route growth “continue to match and meet passenger demand”.