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Emirates President Tim Clark warned that the aviation industry is in the “unknown territory” because the wide tariffs of US President Donald Trump and trade disputes depending on global growth and threaten Give the costs for airlines around the world.
“We are now in problematic times,” Clark CNBC said in an interview recorded on March 20 – on the eve of Washington’s announcement about the latest world fees.
“This is clumsy because it provides for the measure of resetting to the level of which the global economy probably did not see after the financial crisis of 2008-2009,” Clark said, pointing to the growth of pressure on carriers and the effect of pulsation across the aviation supply chain.
Clark, who has led the Emirates for more than two decades, helped to translate the carrier to Dubai into the world’s largest airline in the world, ruling it through the decline after 9/11, the financial crisis of 2008 and the collapse of travel during the Covid-19 pandemic pandemic.
“Early days to find out what impact the conditions of trade on the global economy and the discrete ERGO on leisure will have,” he said, adding that despite the tariffs that rattles global markets, and the emirates, and the industry can be weather thunderstorm.
“Business Models, such as the Emirates, given the international volume of what it does, the power of what it does, will be able to ride on this particular wave,” he said.
In turbulence ahead
The Emirate boss suggested that Trump’s administration motivate, processing the escalation of trade as a deliberate “trade reset” aimed at restructuring global trade – although he warned that he could unleash “problem waters” in time.
China Retaliation of tariffs On US aerospace giants such as Boeing and Ge Aerospace, threaten to squeeze emirates indirectly as issues a ripple over the supply chain for planes and details. Emirates manages one of the world’s largest fleet of the wide body and is the main customer Boeing and Airbus.
Despite the turbulence, Clark said he was carefully optimistic in demand. According to him, according to his long journey, he remains “very strong”, and the rest of this year and early 2026 orders forward and early 2026.
Influence on global aviation and airline
The day before the trading tariffs were presented, the head of the International Air Transport Association, Will Walsh said that the assembly imposed by Washington could hardly create a post-up-to-19th revival.
“This is an additional uncertainty we never welcome, but we have always been able to manage,” Walsh said in an interview with Reuters. Meanwhile, industry analysts Reduction of travel demand For 2025.
Other aviation industry figures were more pessimistic than Walsh, because the introduction of recent duties in the US, especially when looking at the impact on the cost of construction and restoration of aircraft.
The new tariff regime “is definitely more expensive for the industry,” said CNBC DAK HARDWIC, Vice President on International Aerospace Association. AIA is Boeing, Ge aerospace, Airbus and dozens of other aerospace and defense companies.
From the announcement of the White House on April 2, the airline shares are reduced with a double -digit figure, as the new rules imposed by Trump mean that the airlines will pay much more planes and equipment that is crucial for their activity.
Many integral details such as jet engines consist of components from all over the world. For example, engines used in Boeing 737 Max and Airbus A320 are produced by 50-50 joint ventures between GE Aerospace and French Safran aviation manufacturer.
– Leslie Joseph introduced this report
