By: Amr Adel
Dubai-Mubasher: The Emirates Group expects to see a 14% growth in the number of its passengers in the fiscal year 2016-2017, according to Majid Al Mualla, the airline’s divisional senior vice president for commercial operations.
Fuel still accounts for 38% of the group’s total operational costs, despite the decline of oil prices recently, Al Mualla added on the sidelines of the Arabian Travel Market 2016 exhibition.
Emirates was negatively affected by the fluctuations in exchange rates, which overshadowed the gains achieved from lower oil prices.
The gulf region, Iran, India and Pakistan contributes around 40% of the group’s annual revenues.
The company achieved a 75% growth in its first and business class flights this year.
