Emirates to keep 9-13% annual growth until 2016

Dubai airline has tripled capacity and passenger revenues over five years

The Middle East’s biggest carrier is about to get even bigger. Emirates Airline will maintain its capacity growth at between 9% and 13% until at least 2016, according to a new report. It is on course to becoming the world’s biggest wide-body operator that year, replacing Air France/KLM at the top. These are the major findings of a report by the Boston Consulting Group. The Dubai-based carrier already has an all wide-body fleet. It has managed to triple its capacity and passenger revenues in the past five years, although cash margins have decreased from 28% to 23% in that period.
Emirates’ growth has come, of course, in a period of weak growth in demand. It has invested in new fuel-efficient aircraft; hires cheaper, younger cabin staff; and passengers are willing to pay more to travel on the airline’s comfortable A380 flagship.
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[pictured: Emirates’ young cabin crew]