Emirates is expected to post a record profit of USD2 billion (AED7.34 billion) FY2011 on the back of strong increases in demand for corporate and leisure air travel (The National, 14-Mar-2011). Emirates posted a USD925 million 1HFY2011 after a 19.4% increase in passenger traffic in the period.
Emirates set for record results
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Qatar Airways grows in Saudi Arabia as it catches up to flydubai and appears to end Al Maha ambition
Often overlooked in the story of Gulf aviation superconnectors is Saudi Arabia. A large and underserved domestic and international market in its own right, Saudi also possesses hub capability to challenge its better known rivals. 13 Saudi cities have international service but the flag carrier Saudia only serves five. Foreign airlines have moved in, taking advantage of Saudia's absence and the often favourable geography.
Qatar Airways intends to launch service to two new Saudi points in 2017, bringing its total number of services to 10 as it seeks to narrow the gap with the 13 destinations of the leader, flydubai.
In 2016 Qatar Airways overtook flydubai and Emirates in capacity size, making it the largest foreign airline in Saudi. Qatar's organic growth comes as it is increasingly likely that its proposed Saudi start-up, Al Maha Airways, will not launch. Saudia accounts for only 31% of Saudi's international market. This is likely to grow as Saudia continues its quiet revitalisation, aided by improved hubs at Jeddah and Riyadh. There is also a dual brand strategy with the LCC start-up flyadeal.
Iran Air drops the A380 from its Airbus order; a logical decision as the A380 ages, enters mid-life
Iranian aviation is being revitalised with the long-term prospects of re-establishing a global hub in Tehran. The first of many steps is re-fleeting and growth at the flag operator Iran Air, which has confirmed orders for 180 aircraft from Airbus and Boeing. The 80-aircraft Boeing order includes 737 MAXs, 777-300ERs and 777-9s, while the 100-aircraft Airbus order includes A320s, A321s, A330s and A350s.
Iran Air has dropped preliminary plans to take 12 A380s. Although this is being marked as the latest blow to the A380 order, Iran Air taking A380s was always a distant prospect. Tehran is a small hub prospect in the short term and, irrespective of whether Iran Air could find sustainable markets for the type, by the time Iran Air planned to receive its first A380 the type would be well into its mid-life, with dwindling spare parts and support.
A380 phase-out is beginning. Of the A380's early operators: Singapore Airlines is not renewing the leases on its initial A380s, Emirates will have new A380s replace older A380s it expects to part-out, and Qantas is studying stretched A350 types and the 777X to replace its A380s. That said, there may be renaissance concepts for the aircraft, such as Malaysia Airlines' charter plans.