The past year has seen further dents in the financial reputations of the once seemingly unstoppable “ME3”—Emirates Airline, Etihad Airways and Qatar Airways.  All three Gulf carriers recorded losses or reduced profits, ascribing these to a combination of higher fuel costs, increasingly tough competition—notably from local carriers—and a strengthening dollar. Emirates’ 2018-19 profit dropped almost 70% to $237 million, Etihad posted a $1.28 billion ...

Subscribe to Access this Entire Article

"2019 World Airline Report Middle East Analysis" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? Log in here.