Emirates boosts US economy by $21 billion

Dubai: Emirates, the Middle East’s largest airline, said on Monday it supported more than 104,000 American jobs and contributed $21.3 billion in revenue to the US economy.

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This includes $10.5 billion to the country’s gross domestic product (GDP) and $6.4 billion of labour income in 2015, Emirates said quoting a study conducted by Campbell-Hill Aviation Group.

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“Campbell-Hill’s data reaffirms the significant stimulative effect of Emirates’ operations on the US 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 US exports in aerospace and many other sectors,” Sir Tim Clark, President of Emirates said in a statement.

“Sitting on record profits and with employment in US 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 US consumers and the economy, and the total absence of alleged competitive harm,” he added.

The catalytic impact of Emirates’ US operations brought over 580,000 new travelers to the US who otherwise would not have travelled there, and generated $3.2 billion of new trade-based revenue.