Due to primarily lower than anticipated revenue as a result of yield drop in many long haul market segments, Emirates has officially announced major network reductions across its network which are as follows:
BKK - frequencies reduced from 7 to 6 daily nonstop effective 01AUG
FCO - frequencies reduced from 3 to 2 daily nonstop effective 01OCT
OSL - frequencies reduced from daily to 5 weekly effective 01SEP
KHI - frequencies reduced from 7 to 5 daily effective 01AUG
SAW - all nonstop flights suspended effective 03AUG
LIS - frequencies reduced from double daily to daily nonstop effective 01SEP
LED - frequencies reduced from daily to 5 weekly effective 02AUG
LAD - frequencies reduced from daily to 5 weekly effective 03AUG
CGK - frequencies reduced from 3 to 2 daily nonstop effective 01OCT
The 2016 Farnborough Air Show which took place in the UK this week revealed 4 major aircraft orders worth mentioning as the industry is on the edge as a result of falling yields and revenues worldwide.
The 4 main orders placed at the show were as follows:
- Virgin Atlantic announced a deal to purchase 12 Airbus A350-1000s which have been ear marked to replace their B747-400 / A340-600 fleet at both LHR + LGW.
- Air Asia (the main Malaysia franchise) announced a mega deal to purchase 100 Airbus A321NEOs to be configured with 236 seats
- Egypt Air placed an order for 9 new Boeing 737-800NGs
- Norwegian exchanged a previous order of 100 A320NEOs to include 31 A321NEOs part of the deal. It stated that it shall use these aircraft on Europe-U.S. East Coast trans-atlantic flights
