Subscribe Free
in Business & Finance

Emirates boosts U.S. economy by US$21 Billion

Posted 10 July 2017 · Add Comment

Emirates supported more than 104,000 American jobs and contributed US$21.3 billion in revenue to the U.S. economy, including US$10.5 billion to the country's gross domestic product (GDP) and US$6.4 billion of labour income in 2015, according to a study conducted by Campbell-Hill Aviation Group.

Released on the 25th anniversary of the first Open Skies agreement signed by the U.S., the objective of the study was to quantify the annual economic impact Emirates has on the U.S. economy. 

Sir Tim Clark, President of Emirates said: “Campbell-Hill’s data reaffirms the significant stimulative effect of Emirates’ operations on the U.S. economy. It shows we’ve brought hundreds of thousands of new travelers to the United States, helped increase competitive air transport options for over a million American and international travelers who flew with us, and contributed to increased demand for U.S. exports in aerospace and many other sectors. Over more than a decade, Emirates has progressively grown cargo and passenger operations in the U.S. on the back of customer demand, and we will continue working with our partners across the travel, tourism, aviation, aerospace and other industries, to expand and improve the products and services that we offer to our customers.” 

Clark added: “Emirates has always embraced the goals of Open Skies which are to promote increased travel and trade, enhance productivity, and stimulate high-quality job opportunities and economic growth. Delta Air Lines, American Airlines, United Airlines and their proxies continually pour money in to lobby and make unfounded accusations against Emirates, but they have never filed a formal U.S. Department of Transportation complaint against Emirates, even though this is the statutory process long relied on by U.S. airlines to address allegations of unfair competition. That itself is telling. Sitting on record profits and with employment in U.S. aviation at an all-time high, the three carriers know they don’t have a leg to stand on. Evidence repeatedly points to the benefits that Emirates bring to U.S. consumers and the economy, and the total absence of alleged competitive harm.”

The catalytic impact of Emirates’ U.S. operations brought over 580,000 new travelers to the U.S. who otherwise would not have travelled there, and generated US$3.2 billion of new trade-based revenue. Indirect spending within the U.S. by newly stimulated passengers combined with new merchandise and service trade created approximately 30,000 jobs, and US$4.6 billion of new revenues for U.S. businesses, including US$1.7 billion of labor income and US$2.5 billion of GDP. 

“To produce this report we have spent many months analysing data and running it through an IMPLAN** analysis model which is specifically designed for economic impact analysis at the national level” said Dr. Brian Campbell, Principal at Campbell-Hill Aviation Group. “Our research shows how Emirates’ presence in the U.S. and the air connectivity it provides generates significant economic growth by increasing the free flow of international travel and trade. It is also important to note that the more than 100,000 jobs Emirates supports in the U.S. produce widespread benefits across diverse sectors of our economy from professional services, to manufacturing, to education, and to hospitality.”

Emirates expands global connectivity to and from the U.S.

Emirates’ U.S. economic impact has steadily and significantly increased in recent years. Since launching its initial service to New York’s John F. Kennedy International Airport in 2004, the airline today provides over 350 connections between the U.S. and the Middle East, the Indian Subcontinent, Africa and Asia, and offers travelers from the U.S. more choices of global travel destinations. Emirates flies more than 135 weekly passenger and cargo flights serving 14 U.S. gateways, including recently launched services to Orlando and Fort Lauderdale in Florida, as well as to Newark via Athens.

The U.A.E. has been the largest export market for U.S. goods and services in the Middle East Africa South Asia (MEASA) region for eight consecutive years. In 2016, the U.S. enjoyed a US$19 billion trade surplus with the U.A.E., the U.S.A.’s third-largest globally. Emirates’ expanding network has not only improved trade lanes to the U.A.E., but it has created new connections worldwide, stimulating new export and import merchandise and service trade for the U.S. In addition to improved access to the U.A.E. and other Middle Eastern markets, Emirates’ passenger flights provide efficient connections via Dubai to other markets in the Middle East, the Indian Subcontinent, Africa and Asia. 

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

CCD to create control rooms for Abu Dhabiís new Midfield Terminal

CCD Design and Ergonomics has been appointed to design and create four new control rooms at the new Midfield Terminal at Abu Dhabi International Airport.

Ras Al Khaimah wins Middle Eastís Leading Adventure Destination 2018í award

Ras Al Khaimah Tourism Development Authority (RAKTDA) has celebrated two major wins at The World Travel Awards 2018.

Etihad Airways to host AI Robot Sophia at ATM

Etihad Airways will introduce Humanoid Robot Sophia to the UAE as a spokesperson for the future of innovation and technology in aviation at ATM.

İstanbul New Airport will house 451-room hotel to be operated by YOTEL

İGA, the constructer and operator of İstanbul New Airport (İNA) for 25 years,and YOTEL, the London based hotel group, have signed an exclusive hotel management contract.

Emirates wins four gongs at World Travel Awards Middle East 2018

Emirates has been recognised at the World Travel Awards Middle East 2018 with four awards - Middle Eastís Leading Airline, Middle Eastís Leading Airline Brand, Middle Eastís Leading Business Class Airport Lounge and Middle Eastís

Emirates Aviation University receives official visit from Dubai Police

Emirates Aviation University has welcomed Major-General Abdullah Khalifa Al Marri, commander-in-chief of Dubai Police at its main campus at Dubai Academic City.

TAA SK0902311218
See us at
AirportShow BT1502090518Global Aerospace BT2018MEBAA BT1004121218ArabianTravelMkBT250418ASDubai BT1004091018SOFEX BT2018Istanbul Airshow BT22018BIAS BT271017161118Cargo BT1004091018GATM BT1004061118