Emirates And Flydubai Are Becoming Collectively As Profits Fall

Emirates profit slumped 82% in the year ending March 31.
The next time you book an Emirates flight, you may end up on low-cost rival FlyDubai.
“Both airlines will continue to be managed independently, but will leverage each other’s network to scale up their operations and accelerate growth,” Emirates and FlyDubai said in a statement on Monday.
Related: Qatar Airways still wants American Airlines despite rebuffsFlyDubai also saw its profit drop 69% in 2016 and cited a “challenging socioeconomic environment.
“Over the past years FlyDubai has gradually encroached on Emirates’ market, both in terms of serving overlapping routes and upgrading its product by moving away from the strict low cost model,” Pistik said.

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