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Gulf companies believe in their model to quickly bounce back

2021-11-16T18:20:59.992Z


DECRYPTION - Business travel, the main source of their profits, is almost at a standstill. But these groups have found ways to limit the damage.


Hit but not sunk.

Emirates, Qatar Airways, Etihad: the three Persian Gulf companies see the end of the tunnel.

We are witnessing a very strong recovery.

Over the past four weeks we've been profitable,

”said Emirates Chairman Tim Clark, who expects a return to profit in fiscal year 2022-2023.

Same voluntarism at Etihad.

The crisis has been a terrible blow.

But we are maintaining the objective set before the pandemic of returning to the balance of accounts in 2023

”, suggests Terry Daly, marketing director of the company.

Over the past four weeks we have been profitable

Tim Clark, President of Emirates

These air carriers have however been brought to their knees by the pandemic.

And their exclusive positioning on long-haul, a longer activity to restart, seemed to weaken them.

Not to mention that business travel, the main source of their profits, is almost at a standstill today and may not return to pre-pandemic levels.

But these groups have found ways to limit the damage.

The

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Source: lefigaro

All business articles on 2021-11-16

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