Originally Posted by
RockyBoy
Just a carrier that get Billions in government subsidies from their own government plus the U.S. Ex-Im. That allows them to fly airplanes that are not full and not making money. Why would Delta or anyone else enter markets where they know they will lose money?
If the U.S. government would give us a few Billion dollars, remove all the labor laws, remove all the taxes, and if the UAE would give us a 10% kickback on the costs of the airplanes we fly into their country then I'm sure we would be all over it. That would be unfair though and we can't be unfair with the Arabs.
I keep hearing this "Billions of dollars in subsidies" being tossed around. Would you mind being more specific? Cash infusions? Discounted fuel?
By the way here is Emirates Fiscal Report for the last year with the Independant Auditors Report by PriceWaterhouseCoopers on page 65.
Annual Report | Facts & Figures | The Emirates Group
EK Load Factor was just shy of 80% last year with flights to the US in the mid 80's load factor with comparabily priced tickets to US Airlines. Doesn't sound like flying empty planes to me.
As far as subsidies there is some serious selective memory going on here. Just a few years ago Delta received financing from the Canadian Export Bank to buy RJ's for their regionals.
They also received 50 million in subsidies from Pennsylvania when purchasing their oil refinery.
Also money from Minnesota to expand a call center.
I could go on but I hope I have made my point.