How Gulf carriers are adapting their business in turbulent times

SINGAPORE (Sept 7): After enjoying a decade of unrivalled growth and earnings stability, the Middle East’s “super-connectors” – Emirates, Etihad Airways and Qatar Airways – have hit some serious turbulence this year.

Coupled with the oil price collapse in recent years, the Persian Gulf aviation giants are now facing a number of threats arising from the combination of an economic slowdown, terrorist attacks across Europe and global political tension.

The tougher conditions have also been further exacerbated by competition from low-cost, long-haul airlines including Norweigian Air Shuttle and Singapore’s Scoot.

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