Monday, 1 February 2016

Interview: Sherif Fathy, EgyptAir Chairman

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Egypt's all-important tourism sector has been dealt successive blows since the 2011 Arab Spring uprisings, with repeated waves of political unrest warding off foreign visitors.

The country's tourism revenue is expected to have fallen below $7 billion in 2015 – a far cry from the $12.5 billion raked in the year before the revolution.

Flag-carrier EgyptAir has been front and centre of the downturn, sinking about $1.5 billion into the red since 2011 as holidaymakers turned to perceived safe-havens elsewhere in the region. The airline's fortunes had seemed to be rising in 2014/15, but were derailed again in October when a charter flight operated by Russia's Metrojet crashed in the Sinai Peninsula...