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Gulf carriers like Qatar Airways will continue muscle-flexing
It’s not the first time Qatar Airways publicly lectured Airbus. And it won’t be the last, with the Middle East accounting for 11% of all plane orders until 2030.
November 16, 2011 8:10 by Precious de Leon
- Youth advantage. The Gulf carriers have newer and more efficient airports. Trade unions, which have been known to hamper cost management and progress, are also nonexistent in these parts.
These circumstances place Gulf airlines in a better position within the global airline industry, which is expected to shrink 40 percent in the next year to a mere $4.9 billion–less than a third of 2010 levels, according to the International Air Transport Association (IATA).
IATA also forecasts that Gulf careers will have three times more margins in earnings before interest tax than that of its European counterparts–that’s enough for the likes of Qatar Airways to know they are ruling the roost, wouldn’t you say?
And with the Middle East expected to account for about 11 percent of all airplane orders until at least 2030, looks like we’ll all have to get used to this kind of muscle-flexing.
(image from The Moodie Report)
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