Emirates Blames Higher Oil Prices for Profit Spiral
Layan Odeh, Bloomberg
It's been a tough year for Emirates as it has attempted to rebalance its network in favor of more profitable routes — a situation rising oil prices didn't help.
1 year ago
Layan Odeh, Bloomberg
It's been a tough year for Emirates as it has attempted to rebalance its network in favor of more profitable routes — a situation rising oil prices didn't help.
1 year ago
David Fickling, Bloomberg
Ultra-long-haul routes are expensive to operate for many reasons, and with no layover, it hurts that the aircraft must carry every bit of fuel from first take-off.
2 years ago
Chiara Remondini, Bloomberg
Investors aren't predicting a doomsday scenario for airlines from the U.S. decision. But like some other decisions made by President Trump, the travel industry stands to lose the most.
2 years ago
Christopher Jasper, Bloomberg
It might run counter to the usual narrative but the rising cost of fuel was actually a good thing for Emirates. It helped spur an economic recovery in the Middle East, which meant better load factors and increased yields for the airline.
2 years ago
Hui-yong Yu, Bloomberg
Unfortunately for Houston, a natural disaster like Harvey will likely only make things even tougher for its already struggling hotel market.
3 years ago
Christopher Jasper, Bloomberg
It's not just lower oil prices that are behind lower airfares consumers may see. Recent consolidation between airlines across the world is is also helping this along, says IATA CEO Tony Tyler.
4 years ago
Julie Johnsson and Mary Schlangenstein, Bloomberg
Buying used gives airlines an edge with aircraft makers looking for higher prices on new jets, too. And since airlines finally have some cash in the bank to play around with they have a greater freedom to make deals that are right for them.
4 years ago
Marisa Garcia, Skift
The level of profitability revealed in the latest BTS report is leaves the Big 3 U.S. airlines room to improve their in-flight products and passenger services, without breaking the bank. But they have achieved this profitability in large part by becoming better businesses. If they are to stay profitable when the next inevitable industry downturn comes, they will need to keep improving their retail models.
4 years ago
Richard Weiss, Bloomberg
Air France is also under threat from its own management missteps and inability to sort its labor relations.
4 years ago
Chris Cooper and Kiyotaka Matsuda, Bloomberg
We dream of a day when the true cost of flying is not made opaque by multiple fees designed to sow confusion and avoid taxes.
4 years ago
Robert Tuttle, Bloomberg
Hedging fuel costs may be one of the toughest parts of the airline industry. Delta, for example, took nearly $2 billion in hedging losses in the first three quarters of 2015. The problem, though, is that given the turmoil in the world these days, these low oil prices are going to burn up eventually.
5 years ago
Anurag Kotoky, Bloomberg
Thank you Indian politicians for making all other politicians appear to have a mastery over transport and travel.
5 years ago