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Friday, 28 July 2017

Aviation's Hub Quits the Gulf - Bloomberg Gadfly

Aviation's Hub Quits the Gulf - Bloomberg Gadfly:

"Once upon a time, airlines based in the Persian Gulf were making all the running in the global aviation market.Propped up by state owners that didn't care too much about profits and blessed with a unique geographical position from which a single flight can reach almost every inhabited spot on the planet, Emirates, Etihad Airways PJSC and Qatar Airways Ltd. seemed to have the world at their feet.Emirates was expanding capacity at the rate of 30 million or so available seat kilometers per year -- roughly equivalent to adding an AirAsia Bhd. to its network every 12 months -- and striking deals with weakened rivals such as Qantas Airways Ltd. to win more long-haul traffic."



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