Emirates Results Reflect a Wider Malaise in Middle East | Aviation International News

Emirates Results Reflect a Wider Malaise in Middle East

Airline traffic fell 0.8 percent in the Middle East region last year.

By Peter Shaw-Smith • Contributor - Middle East

May 15, 2019

The dramatic slowdown of Emirates Airline’s growth appears to reflect a wider trend among Middle Eastern and African carriers last year, as revenue passenger kilometers (RPKs) stalled throughout the region during the period and profits dipped dramatically due largely to higher oil prices. Fuel expenses rose 22 percent over the course of the company’s last financial year, accounting for 32.3 percent of operating costs.

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