Emirates Airline will reduce its fleet by 20 aircraft from May as the runway at Dubai International Airport undergoes repairs.
“We will be around 20 aircraft short,” said Tim Clark, the carrier’s president. “It will have an impact on the revenue and we will have to manage that. And we are trying to fit all of this revenue, if we can, into the remaining services.”
The airline would not cancel routes, but only frequencies, he added.
The construction work will take place over 80 days from May 1 to July 20.
Airlines will be required to either reduce their operations during the period or move to Al Maktoum International Airport.
Mr Clark said May was traditionally the slowest month of the year. Then there was Ramadan in July, a slow period in the Islamic world.
“The selection of those particular months were not by accident, but by design,” he said.
“Hopefully they will have the second runway ready by July 20, because we are coming up to Eid and the Islamic world will move very forcefully in August. Everybody will be on holiday in August.”
The number of passengers using Dubai International last year grew 15.2 per cent over 2012 to 66.43 million.
Saj Ahmad, the chief analyst at StrategicAero Research, said: “Considering more than half the flights at DXB [Dubai International Airport] is Emirates, they’ll be impacted the most.
“And that means massive financial impact. Longer waiting times on the ground, extra fuel needed, decreased potential of fuel per flight hit by extra cost of fuel.”
Lufthansa said last week that it had decided against moving its operations to the new Al Maktoum Airport during planned runway repairs at Dubai International. Instead the German airline has opted to reduce flights during the period.
Meanwhile, a decision to move Emirates Airline’s operations permanently to the new Al Maktoum Airport would be a government decision, said Mr Clark.
Separately, Mr Clark said the carrier would be taking deliveries of about 22 aircraft this year and would be raising finance for the purchase. He did not specify the amount.
selgazzar@thenational.ae
'Joker'
Directed by: Todd Phillips
Starring: Joaquin Phoenix
Rating: Five out of five stars
COMPANY PROFILE
Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed
Company%20Profile
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Three ways to limit your social media use
Clinical psychologist, Dr Saliha Afridi at The Lighthouse Arabia suggests three easy things you can do every day to cut back on the time you spend online.
1. Put the social media app in a folder on the second or third screen of your phone so it has to remain a conscious decision to open, rather than something your fingers gravitate towards without consideration.
2. Schedule a time to use social media instead of consistently throughout the day. I recommend setting aside certain times of the day or week when you upload pictures or share information.
3. Take a mental snapshot rather than a photo on your phone. Instead of sharing it with your social world, try to absorb the moment, connect with your feeling, experience the moment with all five of your senses. You will have a memory of that moment more vividly and for far longer than if you take a picture of it.
BIRD%20BOX%20BARCELONA
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Singham Again
Director: Rohit Shetty
Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone
Rating: 3/5
COMPANY%20PROFILE
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The essentials
What: Emirates Airline Festival of Literature
When: Friday until March 9
Where: All main sessions are held in the InterContinental Dubai Festival City
Price: Sessions range from free entry to Dh125 tickets, with the exception of special events.
Hot Tip: If waiting for your book to be signed looks like it will be timeconsuming, ask the festival’s bookstore if they have pre-signed copies of the book you’re looking for. They should have a bunch from some of the festival’s biggest guest authors.
Information: www.emirateslitfest.com
UJDA CHAMAN
Produced: Panorama Studios International
Directed: Abhishek Pathak
Cast: Sunny Singh, Maanvi Gagroo, Grusha Kapoor, Saurabh Shukla
Rating: 3.5 /5 stars
Citadel: Honey Bunny first episode
Directors: Raj & DK
Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon
Rating: 4/5
Company%20Profile
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Company%20profile
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COMPANY%20PROFILE%20
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Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
AUSTRALIA SQUAD
Tim Paine (captain), Sean Abbott, Pat Cummins, Cameron Green, Marcus Harris, Josh Hazlewood, Travis Head, Moises Henriques, Marnus Labuschagne, Nathan Lyon, Michael Neser, James Pattinson, Will Pucovski, Steve Smith, Mitchell Starc, Mitchell Swepson, Matthew Wade, David Warner
Building boom turning to bust as Turkey's economy slows
Deep in a provincial region of northwestern Turkey, it looks like a mirage - hundreds of luxury houses built in neat rows, their pointed towers somewhere between French chateau and Disney castle.
Meant to provide luxurious accommodations for foreign buyers, the houses are however standing empty in what is anything but a fairytale for their investors.
The ambitious development has been hit by regional turmoil as well as the slump in the Turkish construction industry - a key sector - as the country's economy heads towards what could be a hard landing in an intensifying downturn.
After a long period of solid growth, Turkey's economy contracted 1.1 per cent in the third quarter, and many economists expect it will enter into recession this year.
The country has been hit by high inflation and a currency crisis in August. The lira lost 28 per cent of its value against the dollar in 2018 and markets are still unconvinced by the readiness of the government under President Recep Tayyip Erdogan to tackle underlying economic issues.
The villas close to the town centre of Mudurnu in the Bolu region are intended to resemble European architecture and are part of the Sarot Group's Burj Al Babas project.
But the development of 732 villas and a shopping centre - which began in 2014 - is now in limbo as Sarot Group has sought bankruptcy protection.
It is one of hundreds of Turkish companies that have done so as they seek cover from creditors and to restructure their debts.