Emirates president sees tough couple of years for aviation industry

Emirates reported a 75 percent fall in first-half profit as it was buffeted by tough competition, currency moves and damper demand
Emirates president sees tough couple of years for aviation industry
Tim Clark, President of Emirates Airlines. (Paulo Nunes Dos Santos/AFP/Getty Images)
By Reuters
Sun 20 Nov 2016 09:10 AM

Emirates is expecting the next couple of years to remain tough as economies flat line and business confidence stays low, its president said on Friday.

"All this affects demand for travel, so in 2017 and 2018 I see more of the same," Tim Clark told journalists at a briefing in Berlin.

Emirates reported a 75 percent fall in first-half profit as it was buffeted by tough competition, currency moves and damper demand.

"What I see across the network as I go through the high demand period for Christmas and New Year, is that bookings are very strong, but yield has been a challenge to all of us," he said.

When asked about the election of Donald Trump as US president, Clark said he hoped pragmatism would prevail and that he was more concerned by political events in Europe, with upcoming votes in Italy, Germany, France.

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