A new credit system allows Emirates Airline passengers to "travel now, pay later" as the company tries to steer itself out of the financial slump. Customers who book flights online using selected credit cards can now pay in three monthly instalments without being charged interest. Yesterday's launch of the offer follows analysts' reports that Emirates' cash flow was being squeezed by rising costs, shrinking cargo volumes and falling numbers of business travellers.
The airline revealed in May that its profits had fallen 72 per cent in the past fiscal year. The Emirates Advantage scheme is only available to customers based in the UAE who use ADCB, Citibank, Emirates Bank, HSBC or NBD credit cards. "Emirates Advantage gives customers the flexibility to pay over three months, allowing them to travel without the burden of full up-front payment," said Khalid bel Jaflah, Emirates' vice president of commercial operations.