Emirates stays the course to grow routes, fleet size
Tim Clark is relieved, if only slightly, because the Emirates Airline president sees a less bleak future for the local carrier than he projected a few mont
Tim Clark is relieved, if only slightly, because the Emirates Airline president sees a less bleak future for the local carrier than he projected a few months ago. Following better-than-expected performance through the middle of this year, Clark believes that in 2010 the airline industry should benefit from increased consumer spending, unless the recession deepens or stock markets decline strongly.
In June, at the International Air Transport Association annual meeting in Kuala Lumpur, Malaysia, Clark characterized everyday business as a “firefight,” with the Dubai carrier having discounted fares by 30 percent. But three months later, in early September, he said he saw signs of recovery, at least by next summer.
