Skip to content
Subscriber Only

Emirates Sales Decline Reveals Challenges to Mega-Carrier Model

  • Gulf giant's revenue slips for first time in at least 10 years
  • President Clark says airline won't waver from growth ambitions
Updated on

Emirates Group reported its first annual sales decline in a decade, highlighting the strains on the world’s largest international carrier as it continues the breakneck expansion of its Dubai hub.

While much of the 3 percent drop in full-year revenue to 93 billion dirhams ($25 billion) was attributable to a stronger dollar, Emirates said it’s under pressure from falling fares, lower bookings from the oil industry and an uncertain global economic environment.