To help it try and reduce costs Dubai-based Emirates airline is investing in technological advances, said by its chairman this week in an interview .
In November, in its latest half-year the carrier reported results that while revenue was up 10 percent to AED 48.9 billion ($13.3 billion), profits has been declined 86 percent to AED-226 million ($62 million).
In an interview with MEED, chairman and chief executive of Emirates Airline Group Sheikh Ahmed bin Saeed Al Maktoum,said oil and currency fluctuations were to be blamed for the fall in profitability but to reduce costs in the long-term that investments in technology would help it.
“In the aviation industry Fuel prices are always a big factor ,” he was quoted as saying. “Currency is also a major factor in the profitability of airlines, or currency and fuel.”
he said The investments in technology are not just restricted to the airline but in Dubai’s whole aviation sector, including its airports, .
“We are pushing technology and that technology will have to undertake more people, either coming in or out or in transit. The focus on technology will save a lot of costs in the future,” he stated.
“Cost is very important, regardless how successful you are and what you’re doing and ” he added. Those airlines will be successful “You always have to focus at your costs because there will always be somebody else who will come along and try to offer that service for much lower cost as well as you are doing ”
Investments in Dubai’s airline and airports has defiantly paid off. In January reported that Dubai International (DXB) it has keep its position with annual traffic for 2018 surpassing 89.1 million for international customer numbers as the world’s busiest airport for the fifth consecutive year .
In 2018 Passenger traffic at Dubai totaled 89,149,387 ,a one percent increase on 2017, and ahead of London’s Heath row, which reached the 80 million in the past 12 months.
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