Loading
10-Feb-2011 1:02 PM

Emirates reports load factor down due to unrest in Egypt

Emirates president Tim Clark stated system-wide load factor has been averaging 75% in recent weeks, compared with a typical 81% to 82% during this time of the year due to unrest in North Africa and the Middle East (USA Today, 09-Feb-2011). Mr Clark did not quantify the financial impact but acknowledges the instability in the region will dent Emirates' financial results for its current fiscal year, which ends on 31-Mar-2011. He stated, despite lower load factors, "yield has remained fairly constant".

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More