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Old 9th Nov 2016, 11:46
  #26 (permalink)  
in freedom
 
Join Date: Mar 2015
Location: free Europe
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Nice try to keep this under the radar while the world is looking at the Donald.

I feel sorry for all of you still there and the rest of the staff who can not leave. They treated you like sh*t when they were still making money. I am sure they will care even less for you when their house is on fire. And it will be from here on.

Their arrogance has kept them from facing reality not just on an operations level. For too long they have also ignored the saturation of the Middle East long haul market, which they successfully started. But it is undeniable that there is overcapacity between ME3, European and Asian longhaul. And the other operators have already introduced cost trimming to compete. Low cost long haul contracts at Lufthansa, 2 class at Qatar etc. Combining growth/market share and profitability at the same time will be very difficult.

Then there's the regional market where they again face increasing competition. That market has also lost its buying power due to the oil slump. Hurting tourism and Dubai economy severely. And there is dramatic writing on the wall: Saudi's defeat in their oil price strategy, their desperate drive to sell government assets and issue new bonds.

In the US the coalition against ME3 were only waiting for the election to pass by before they initiate round 2 of the fight against unfair competition. The landslide for a Republican President and Congress will fuel that protectionism. EK's financial reports will make it increasingly difficult to argue that theirs is a profitable business that can expand rapidly without subsidies.

In my personal opinion your rosters may improve but for the wrong reasons. The party is over. Having seen their poor management in the heyday I think all of you should be very concerned about their capabilities for managing a real crisis.

Building the world's biggest airport, expanding 380 fleet, w*nking about the millions of visitors who will come to Expo 2020 is Dubai World and Burj Khalifa all over again. Let's see who they bankrupt this time and how long before your shiny jets will be repainted in Abu Dhabi colours.
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