Emirates CEO warns of ‘Hyper-Change’ in Industry: Cuts Costs & Introduces New Passenger Charges

On Sunday, the CEO of Emirates, Tim Clark addressed staff in his quarterly update. Clark said of the obstacles facing the airline: “The cocktail of overcapacity, price wars, low yields, rising oil prices and a strong US dollar has slammed into our revenue and profits.” Coining a new phrase, the 67-year old President of Emirates cautioned: “Hyper-change is the only constant.” (www.paddleyourownkanoo.com) और अधिक...