Reader Dawn writes:
My husband and I are flying to Australia in June via Dubai, business class on Emirates. It’s an anniversary trip, and we’ve been looking forward to being spoiled on what has sounded like a great way to fly. But now I read that the airline may go under because of the financial crisis in Dubai. Should I be worried?
No. I wouldn’t worry quite yet.
For starters, the airline is not going under. I don’t know where you heard that. There is chatter that the airline is collateral in a bailout of Dubai’s debt by Abu Dhabi. But even then, collateral doesn’t mean collapse. Far from it.
Emirates has built one of the best brands in global aviation, and it’s actually profitable. (Gasp!) There’s no evidence that the airline itself is in any financial trouble.
And even if it were collateral for another loan, and if it were taken over by creditors, it is implausible that it would just close shop. It’s too valuable as a brand. And did I mention that it’s profitable?…
And in a further effort to calm nerves, the airline has also restated its commitment to its aircraft order book. Recommitment in and of itself is really just talk, and hardly evidence of anything, but at least they’re not canceling orders.
So, Dawn, I wouldn’t worry about your tickets. And I would book on Emirates today, myself. Have a great trip.
How about you, wise and worldly readers? Would you fly Emirates in light of the Dubai crisis?