Friday, 9 May 2014

Emirates Says Foreign Carriers Hindering Bid for Global Primacy - Bloomberg

Emirates Says Foreign Carriers Hindering Bid for Global Primacy - Bloomberg:



"Emirates, the No. 1 airline by international traffic, said its drive to add new routes using the world’s biggest fleet of wide-body jets is being frustrated as foreign carriers lobby governments to limit market access.



The Dubai-based carrier, which today reported its 26th straight annual profit, is also seeing average fares come under pressure as rivals seek to counter its expansion, Chairman Sheikh Ahmed Bin Saeed Al Maktoum said at a press conference.



“Our industry has always been competitive and that competition is getting more intense,” Sheikh Ahmed said today. “Our yields are under pressure, our competitors challenge us every day and lobby their government to restrict us.”"



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