Emirates has no plans to form a super-sized airline with Etihad Airways, according to the Dubai carrier’s president.
German business publication Handelsblatt, quoting “several sources”, said the airlines’ owners have discussed the possibility of consolidating their operations, amid challenging conditions in the aviation sector.
Emirates, the world’s largest international carrier, reported a 75 percent fall in first-half profit in November, buffeted by tough competition, currency moves and damper demand.
Tim Clark, responding to the report, dismissed the report as “nonsense”.
President of Emirates since 2003, Clark said the airline may consider a move away from its all-wide body fleet of Boeing 777 and Airbus A380, and establish a short-haul fleet to stave off possible competition from low-cost carriers.
“For a long time people thought low-cost long-haul wasn’t economically possible,” Clark said at the Bloomberg Berlin Forum. “I didn’t believe it to be the case. Now aircraft makers are producing aircraft that can go for far longer quite cheaply, and it’s up to us to recognise that, and look at how we adapt.”
*With BloombergFor all the latest transport news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.