Sunday, June 10, 2018

Emirates Airlines: Rapid descent of one of the best airlines into a NO FRILLS AIRLINE!

Just until a few years ago, Emirates Airline was amongst one of the No. 1 airlines in the world (4 times No. 1 award winner from World Airline Skytraxx Awards between 2002 and 2017).

Since 2016, they have had 1 plane crash landing at Dubai Airport, 3 near misses in Russia, Dusseldorf and JFK.

Emirates has fired thousands of employees in the last 2-3 years and shut tens of routes worldwide.

In July 2017, Emirates also did a “partnership agreement” (almost a merger with FlyDubai, their own subsidiary) thus enabling them to reduce routes and fire thousands more amid massive cost cutting measures.

In Jan 2018, Emirates and Etihad agreed to sign a security and operational pact.

Recently, in mid May 2018, they “parked” (essentially ready for sale) an astonishing 45 planes out of 253 planes (including A-380’s) at the DWC Al Maktoum Airport. Their sister company Dubai Aerospace sold 16 planes for a paltry USD 900m.

In May 2018, they also signed a agreement with US to disclose financial subsidy details after disagreeing to do so for decades.

Emirates has cut costs by stopping seafood meals, stopped the provision of wet towels amid many such cuts that used to cost them millions.

Emirates has also cut the first class showers on a few A-380’s.

And now June 2018 onwards, they are turning Emirates into a No Frills Airline!

Henceforth, passengers will need to pay for baggage, food etc. when flying in Economy class of Emirates which is over 96% of their business, similar to Air Asia, Indigo, Easy Jet, Cebu Pacific, Air Arabia or Ryanair etc.

There are already rumors in the market over the last few months that Etihad and Emirates could execute a merger in the near future.

And we all know that there is no smoke without a fire.

Reference: President of Emirates, Sir Tim Clark

Emirates Clark Says Any Etihad Merger Plan Is Up to Shareholder


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