Gulf airlines’ spending spree looks a bold gamble
Fuel prices up, passenger numbers down, says airline industry association. Here’s hoping someone got it right at Emirates, Etihad and Qatar Airways.
September 4, 2008 12:51 by kippreport
So, you’re the person who decided to sign off $X billion on a fleet of shiny new Airbus and Boeings. And now the International Air Transport Association has come out with a report saying the airline industry will lose $5.bn this year and $4.1bn next. I hope you have a well prepared argument to give to colleagues as to why this round of record-breaking purchases makes sense.
Good luck next year.