Economics
Emirates Chief Clark Fears ‘Gathering Storm’ as He Hints at Exit
- Clark says low-cost expansion poses real threat in long-haul
- Key strategy decisions may fall to successor, executive says
Emirates President Tim Clark says the Dubai-based airline sees threats across all markets, from Norwegian Air to Singapore Airlines.
Photographer: Krisztian BocsiThis article is for subscribers only.
Emirates President Tim Clark said he’s braced for a “gathering storm” as low-cost airlines encroach on the inter-continental routes around which the world’s biggest international carrier has built its business.
Dubai-based Emirates sees threats across all long-haul markets from rivals spanning Norwegian Air Shuttle ASA to the Scoot unit of Singapore Airlines Ltd., Clark said Thursday. The Gulf company may also need to establish a short-haul fleet as Mideast nations it has struggled to serve begin to open up, he said.