Not sure why you got all upset at BA
and myself for what we wrote.
If you would like to believe that Emirates is self-sustaining then, by all means, enjoy that theory. I personally cannot see a self-standing commercial airline that can withstand 2 gulf wars, the SARS epidemic in the Far East, and the general downturn in the world economy and still be able to announce profits of hundreds of millions.
All self-standing airlines (I mean by self-standing as in not yearly cash infusion by its government) have been hurt by the scenarios that I mentioned above. Look at the American carriers, British Airways, Swiss Air, Sabena, etc. Either they were deep in red or simply went out of business. Yet, at the same time, EK
keeps posting profits of unusual (and suspiscious) amounts and orders billions of dollars worth of airplanes (imagine the interest on those loans by itself)!
Sorry man but when I compare world airlines facing reduced profits and EK
anouncing profit increases of 50-100%, makes me wonder just how involved the Dubai government is with EK
and its finances.
Plus it makes sense.. Dubai government injects money into it's airline and, in return, Ek grows and brings in tourists to spend in that city. They both 'cross-fincance' (each other).
As i said before in another thread, the day an international and independant accounting firm reviews the accounts (balance sheet) of Emirates and confirms that the term 'Other Revenue' isn't government related, is the day I might change my thought about Emirates actually is a self-reliant non-subsidized airline.
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