airline industry toughts
Filed in archive Global Economy by tj on July 26, 2003
I have been watching the changes in the airline industry for some time. There have been some interesting developments recently. Low-cost airlines have become the major new buyers for Boeing and Airbus
. The article gives some good insights on the growth strategies of some low-cost carriers, too.
Despite the suffering of some bigger airlines is the global uprising of new airlines especially in the Middle East .
One of the most stunningly performance has been showed by 'Emirates'. It has been in business only since 1985 and received awards for mostly any part of their business. Emirates just ordered 21 A380's. Revenues for the last accounting year have been EUR 2.2 billion, profits were at EUR 236 mio, capacity usage was at 70%. Additionally it is the airline with the best flying experience I ever had. Emirates has also announced plans to increase the traffic on European routes....Unfortunately the stock isn't publicly traded.
. The article gives some good insights on the growth strategies of some low-cost carriers, too.Despite the suffering of some bigger airlines is the global uprising of new airlines especially in the Middle East .
One of the most stunningly performance has been showed by 'Emirates'. It has been in business only since 1985 and received awards for mostly any part of their business. Emirates just ordered 21 A380's. Revenues for the last accounting year have been EUR 2.2 billion, profits were at EUR 236 mio, capacity usage was at 70%. Additionally it is the airline with the best flying experience I ever had. Emirates has also announced plans to increase the traffic on European routes....Unfortunately the stock isn't publicly traded.
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