Emirates considers slowing some B777 or A380 deliveries in next 18 months, but remains committed to all orders;
Not slowing growth, 22 aircraft to be delivered in next 12 months and capacity to expand by 14%;
Cash conservation and cost cutting a major focus for Emirates, with cost cuts of 16-20% targets
Maintains positive profitability outlook for FY09/10, looking to reinforce markets and add new destinations;
Emirates considering slowing fleet growth
The global financial crisis and subsequent economic downturn has already put Emirates’ profits into a nosedive, and now its expansion plans may also undergo a pruning, as the carrier faces the prospects of continued poor traffic in markets to the East and West.
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