LCC

GCC Aviation in turbulence – Quo Vadis?

Table: YoY revenue and net income change for major GCC airlines (2015 vs 2016) YoY change (2015 vs 2016) Revenue Net Income Emirates 0% -82% Etihad -22% NM Qatar Airways 4% 30% Oman Air 1% NM Jazeera -10% -35% Air Arabia -1% -4% Source: Annual reports NM indicates losses during the period considered Full Service carriers facing more trouble compared to low cost carriers Emirates, the largest airliner in GCC faced pressure from increasing competition and poor travel demand in...