To the casual observer, growth of the three major Gulf carriers has continued. But even Emirates Airline, Etihad Airways and Qatar Airways have seen clouds on the horizon over the past year. They may not have been grounded by the geopolitical and economic climate, but they have run into turbulence.  Low fuel prices were a double-edged sword that cut not only their costs but also their yields as competitors took advantage of cheaper oil to cut ticket prices.  The Gulf carriers ...

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