Emirates reveals growth plans following record profit year

13 May 2016 by Clement Huang
Emirates will take delivery of 36 new aircraft this year, and retire 26 older planes as part of its ongoing fleet renewal strategy. Emirates new B777 business class seat As previously reported, the new arrivals will include a number of B777 aircraft, which will feature the revamped business class product that the airline showcased earlier this year at ITB (see here). According to The Sydney Morning Herald, Emirates chairman Sheikh Ahmed bin Saeed Al-Maktoum says the airline is also aiming to launch a new first class suite product “...hopefully by next year. I think our investment in the product will always keep customers loyal, and they will be flying more with Emirates than with anybody else." These developments follow a highly successful year for Emirates, which enjoyed a record annual profit of US$2.2 billion in 2015, up 50 per cent from the previous year. While low fuel prices continue to play a significant role in the airline’s growth, the Emirates chairman revealed that it has also proven to be a double-edged sword. Business travel has fallen as oil companies look to cut costs, and this has affected demand in its premium cabins. “Many airlines – not only Emirates – are having issues especially in first and business class because of what is happening on the downside of oil prices, where companies have cut their travel,” said Sheikh Ahmed. For more information, visit Clement Huang
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