• 1. American Airlines, US. Getty Images
    1. American Airlines, US. Getty Images
  • 2. Delta Air Lines, US. EPA
    2. Delta Air Lines, US. EPA
  • 3. United Airlines, US. Reuters
    3. United Airlines, US. Reuters
  • 4. Southwest Airlines, US. Bloomberg
    4. Southwest Airlines, US. Bloomberg
  • 5. Ryanair, Ireland.
    5. Ryanair, Ireland.
  • 6. China Southern, China. Unsplash / Scarbor Siu
    6. China Southern, China. Unsplash / Scarbor Siu
  • 7. Emirates, UAE. Getty Images
    7. Emirates, UAE. Getty Images
  • 8. Qatar Airways, Qatar. AP Photo
    8. Qatar Airways, Qatar. AP Photo
  • 9. China Eastern Airlines, China. EPA
    9. China Eastern Airlines, China. EPA
  • 10. Turkish Airlines, Turkey. Photo: Turkish Airlines
    10. Turkish Airlines, Turkey. Photo: Turkish Airlines

Emirates makes world’s top 10 airlines by passenger traffic and flydubai climbs 38 places


Hayley Skirka
  • English
  • Arabic

Emirates remains one of the world’s top 10 airlines by passenger traffic, carrying more than 19 million passengers last year.

The Dubai airline ranks seventh as aviation analytics company Cirium revealed its 2021 World Airline Passenger Rankings.

Emirates flew 19.6 million people around the world last year. That's an increase of 199 per cent compared to passenger levels in 2020, when travel disruption because of the Covid-19 pandemic was at its highest.

The rankings are dominated by US carriers, with American Airlines taking the top spot, followed by Delta, United and Southwest as measured in revenue per kilometres.

Despite a global improvement in air traffic last year, numbers were down 57 per cent against a pre-pandemic peak. AFP
Despite a global improvement in air traffic last year, numbers were down 57 per cent against a pre-pandemic peak. AFP

This is calculated by multiplying the number of revenue paying passengers aboard an aircraft by the distance the aircraft travelled.

Low-cost carrier Ryanair ranks in fifth, while China Southern slipped to take one spot ahead of Emirates.

Based on tracking more than 600 operators via Cirium's airline database, the ranking shows that despite an improvement since 2020, world traffic ended 2021 down by 57 per cent against its pre-pandemic peak with a global figure of 2.3 billion.

Compared to passenger numbers in 2019, Emirates recorded a drop of 65 per cent from its 2019 peak.

Top 10 World Airline Passenger Rankings for 2021

  1. American Airlines
  2. Delta Air Lines
  3. United Airlines
  4. Southwest Airlines
  5. Ryanair
  6. China Southern
  7. Emirates Airline
  8. Qatar Airways
  9. China Eastern Airlines
  10. Turkish Airlines

Qatar Airways also retained its position in the top 10 airlines by passenger traffic. The gap between Emirates and the Doha airline narrowed in 2021, with the latter ranking just behind Dubai’s largest carrier in eighth place. In 2019, the airline listed six places behind Emirates.

China Eastern Airlines and Turkish Airlines round out the top 10 ranking.

Despite slipping from fourth position to seventh, Emirates ranking in the world's top 10 list is impressive given that the impact of the Covid-19 pandemic has been worst in the Middle East.

“The main standout was among Middle-Eastern carriers who saw 80 per cent of traffic disappear from their long-haul, and often highly connected networks. Elsewhere traffic declines were grouped around the 60-70 per cent mark,” says Kevin O’Toole, chief strategy officer at Cirium.

Budget airlines climb up the rankings

Flydubai climbed up the 2021 rankings by a noteworthy 38 places. Photo: Flydubai
Flydubai climbed up the 2021 rankings by a noteworthy 38 places. Photo: Flydubai

A post-Covid trend towards domestic and short-haul travel combined with a slower recovery of business travel has resulted in low-cost airlines rise up the ranks in 2021.

Budget airlines accounted for a third of all passengers in this year's report, with the world's largest low-cost carrier Southwest leading the charge to rank fourth globally.

Ryanair also kept pace with the big US airlines, ranking in the world’s top five airlines by passenger numbers, and as the largest airline in Europe by passenger traffic.

Wizz Air broke into the top 20 for the first time, while low-cost airline flydubai climbed 38 places from its position in 2019, to rank in 63rd place.

The Cirium rankings of the world’s leading airlines reveal how the Covid-19 pandemic has dramatically altered the aviation landscape over the past two years. After the collapse of passenger traffic in 2020, it was somewhat inevitable passenger numbers would increase in 2021.

Covid-19 recovery remains fragile

Aircraft from around the world were grounded during the Covid-19 pandemic and recovery remains fragile, says Cirium. Reuters
Aircraft from around the world were grounded during the Covid-19 pandemic and recovery remains fragile, says Cirium. Reuters

From a high-point of nearly 4.7 billion journeys recorded in 2019, passenger numbers fell by more than 60 per cent in 2020. At the worst point in April, the airline industry was recording the loss of close to 90 per cent of travellers, according to Cirium data.

And while momentum is now building, volumes remain far from pre-pandemic levels.

Even after a 29 per cent hike in 2021, passenger numbers ended the year at 2.3 billion, still only about half of their pre-Covid levels.

And while recovery is now under way, the impact of the pandemic is likely to remain for several years.

“Despite the occasional glimmers of optimism, it is worth remembering that even if traffic levels do return to pre-pandemic levels over the next couple of years or so, that has wiped out half a decade of passenger growth,” says O'Toole.

Spiralling fuel prices, the prospect of an economic downturn and Russia’s invasion of Ukraine and related sanctions could also impact the industry's recovery in a post-Covid world.

Student Of The Year 2

Director: Punit Malhotra

Stars: Tiger Shroff, Tara Sutaria, Ananya Pandey, Aditya Seal 

1.5 stars

All about the Sevens

Cape Town Sevens on Saturday and Sunday: Pools A – South Africa, Kenya, France, Russia; B – New Zealand, Australia, Spain, United States; C – England, Scotland, Argentina, Uganda; D – Fiji, Samoa, Canada, Wales

HSBC World Sevens Series standing after first leg in Dubai 1 South Africa; 2 New Zealand; 3 England; 4 Fiji; 5 Australia; 6 Samoa; 7 Kenya; 8 Scotland; 9 France; 10 Spain; 11 Argentina; 12 Canada; 13 Wales; 14 Uganda; 15 United States; 16 Russia

About RuPay

A homegrown card payment scheme launched by the National Payments Corporation of India and backed by the Reserve Bank of India, the country’s central bank

RuPay process payments between banks and merchants for purchases made with credit or debit cards

It has grown rapidly in India and competes with global payment network firms like MasterCard and Visa.

In India, it can be used at ATMs, for online payments and variations of the card can be used to pay for bus, metro charges, road toll payments

The name blends two words rupee and payment

Some advantages of the network include lower processing fees and transaction costs

Left Bank: Art, Passion and Rebirth of Paris 1940-1950

Agnes Poirer, Bloomsbury

Ain Dubai in numbers

126: The length in metres of the legs supporting the structure

1 football pitch: The length of each permanent spoke is longer than a professional soccer pitch

16 A380 Airbuses: The equivalent weight of the wheel rim.

9,000 tonnes: The amount of steel used to construct the project.

5 tonnes: The weight of each permanent spoke that is holding the wheel rim in place

192: The amount of cable wires used to create the wheel. They measure a distance of 2,4000km in total, the equivalent of the distance between Dubai and Cairo.

Vidaamuyarchi

Director: Magizh Thirumeni

Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra

Rating: 4/5

 

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

T20 World Cup Qualifier

October 18 – November 2

Opening fixtures

Friday, October 18

ICC Academy: 10am, Scotland v Singapore, 2.10pm, Netherlands v Kenya

Zayed Cricket Stadium: 2.10pm, Hong Kong v Ireland, 7.30pm, Oman v UAE

UAE squad

Ahmed Raza (captain), Rohan Mustafa, Ashfaq Ahmed, Rameez Shahzad, Darius D’Silva, Mohammed Usman, Mohammed Boota, Zawar Farid, Ghulam Shabber, Junaid Siddique, Sultan Ahmed, Imran Haider, Waheed Ahmed, Chirag Suri, Zahoor Khan

Players out: Mohammed Naveed, Shaiman Anwar, Qadeer Ahmed

Players in: Junaid Siddique, Darius D’Silva, Waheed Ahmed

Torbal Rayeh Wa Jayeh
Starring: Ali El Ghoureir, Khalil El Roumeithy, Mostafa Abo Seria
Stars: 3

Brief scoreline:

Wales 1

James 5'

Slovakia 0

Man of the Match: Dan James (Wales)

How much of your income do you need to save?

The more you save, the sooner you can retire. Tuan Phan, a board member of SimplyFI.com, says if you save just 5 per cent of your salary, you can expect to work for another 66 years before you are able to retire without too large a drop in income.

In other words, you will not save enough to retire comfortably. If you save 15 per cent, you can forward to another 43 working years. Up that to 40 per cent of your income, and your remaining working life drops to just 22 years. (see table)

Obviously, this is only a rough guide. How much you save will depend on variables, not least your salary and how much you already have in your pension pot. But it shows what you need to do to achieve financial independence.

 

COMPANY PROFILE

Name: Rain Management

Year started: 2017

Based: Bahrain

Employees: 100-120

Amount raised: $2.5m from BitMex Ventures and Blockwater. Another $6m raised from MEVP, Coinbase, Vision Ventures, CMT, Jimco and DIFC Fintech Fund

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

Scores

Oman 109-3 in 18.4 overs (Aqib Ilyas 45 not out, Aamir Kaleem 27) beat UAE 108-9 in 20 overs (Usman 27, Mustafa 24, Fayyaz 3-16, Bilal 3-23)

First-round leaderbaord

-5 C Conners (Can)

-3 B Koepka (US), K Bradley (US), V Hovland (Nor), A Wise (US), S Horsfield (Eng), C Davis (Aus);

-2 C Morikawa (US), M Laird (Sco), C Tringale (US)

Selected others: -1 P Casey (Eng), R Fowler (US), T Hatton (Eng)

Level B DeChambeau (US), J Rose (Eng) 

1 L Westwood (Eng), J Spieth (US)

3 R McIlroy (NI)

4 D Johnson (US)

Updated: September 05, 2022, 10:14 AM