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".