EK 6 month Profit Results
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EK 6 month Profit Results
Has the 6 month profit results been posted yet?
I don't recall hearing anything about it but we are 7 months into the new financial year. Just curious how things are looking.
I don't recall hearing anything about it but we are 7 months into the new financial year. Just curious how things are looking.
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the rumour says... 40% BEHIND budget....
the target was of course reasonably set... so with no effort we could have achieved it....
But unfortunately the fuel cost and the rubel......
the target was of course reasonably set... so with no effort we could have achieved it....
But unfortunately the fuel cost and the rubel......
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meanwhile, in the real world.....Delta made 1.1 Billon for 3Q
paid over 500 million to shareholders and stock buyback
Delta Air Lines, Inc. - Financial Information - Earnings Releases
paid over 500 million to shareholders and stock buyback
Delta Air Lines, Inc. - Financial Information - Earnings Releases
Delta has 809 aircraft. EK has how many?
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And the evil gulf carrier forced Delta to cancel ATL -DXB
Subsidized Gulf carrier competition forces Delta to cancel ATL-Dubai | Delta News Hub
Nice press release
Subsidized Gulf carrier competition forces Delta to cancel ATL-Dubai | Delta News Hub
Nice press release
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Delta has 809 aircraft. EK has how many?
I do think, that making a profit in a real country with things like labour laws and income taxes and unions and such, is far more impressive than making one where the regulator is the airline is the airport is the government and you have endless supplies of exploitable cheap labour nearby. It mostly seems the Gulf 3 make money in spite of their management, not because of it. Hell even Air Canada could probably make a regular profit if they could just pay Indians to load their planes for a few hundred bucks a month and work their pilots 95 hours/month lol.
Soon enough, I suppose.
Minimum wage for cleaners, check in and bag chuckers already isn't it NLH? Or doesn't that count?
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I have said it for a number of years now. Someone or something is stealing or taking money from Emirates. With fuel prices where they are and slave labor so prevalent how can the airline not declare $5 -$6 Billion profit.
EK is in the ballpark with ASMs compared to other airlines like Delta. It doesn't matter how many airplanes you have it is how many seats you are flying over so many miles. I said the airlines are comparative in that regard but that is the only thing they are comparative with. Salaries, treatment and quality of life is far far better at Delta. Evidently cooking the books is better at EK though.
EK is in the ballpark with ASMs compared to other airlines like Delta. It doesn't matter how many airplanes you have it is how many seats you are flying over so many miles. I said the airlines are comparative in that regard but that is the only thing they are comparative with. Salaries, treatment and quality of life is far far better at Delta. Evidently cooking the books is better at EK though.
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RPKM: Measure of average fare paid per kilometer, per passenger, calculated by dividing passenger revenue by revenue passenger kilometer. Typically the measure is presented in cents per kilometer and is useful measure in assessing changes in fares over time.
2014 RPKM in cents ($ USD)
Delta: 27.71
EK: 8.1
Source: 2014 annual reports
Higher yields lead to higher margins.
Great read: Emirates Airline turns 30: Just as it has changed the world, now Emirates faces its own changes | CAPA - Centre for Aviation
2014 RPKM in cents ($ USD)
Delta: 27.71
EK: 8.1
Source: 2014 annual reports
Higher yields lead to higher margins.
Great read: Emirates Airline turns 30: Just as it has changed the world, now Emirates faces its own changes | CAPA - Centre for Aviation
Got Georgia on ya mind?
Emirates* Airline says it is “closely studying” whether to launch Dubai-Atlanta service after Delta Air Lines pulls out from the route next year, a decision it announced earlier this week and which the US carrier claims was prompted by over-capacity by the Gulf carriers.
Atlanta-based Delta operates the only passenger service between its home hub and Dubai, but announced Oct. 28 that it will cease the route from Feb. 11, 2016.
Delta said its Dubai pullout decision was made “amid overcapacity on US routes to the Middle East operated by government-owned and heavily subsidized airlines.”
Dubai-based Emirates, however, has issued a statement rejecting Delta’s accusation that competition from Gulf airlines forced it to cancel the service. Emirates says industry data show that Delta’s Dubai flights have had average seat loads consistently over 85% and that Emirates own studies indicate that the route was “highly profitable” with “an estimated route profitability of over $10 million per annum, or a route net margin of 7%.”
“Delta effectively has a monopoly on the Atlanta-Dubai route, they can carry ‘Fly America’ traffic that is protected from non-US carriers, and enjoy high seat loads and yield on the route. By any airline’s standards, these are lucrative conditions and hardly reason to cease the Atlanta-Dubai service,” an Emirates spokesperson said.
“We can only conclude that this is a political move to position Delta as a ‘victim’ of the Gulf carriers—which is laughable considering Delta’s size and profitability; or it is perhaps because they wish to redeploy their aircraft on other trans-Atlantic routes that have even higher yields due to the anti-trust immunity Delta enjoys with its alliance partners. In which case, Delta should admit that its goal is to make even more money, and leave the Gulf airlines out of it.”
The spokesperson added: “Our route planners are now closely studying the opportunity for Emirates to fill in the gap when Delta exits the non-stop Atlanta-Dubai service.
Qatar Airways, a oneworld alliance member, announced earlier this year that it will begin Doha-Atlanta service next year.
Delta has led a campaign, joined by American Airlines, United Airlines and some labor groups, to address what it says are billions of dollars of government subsidies given to state-owned Gulf carriers in violation of fair competition rules in the Open Skies between the US, the UAE and Qatar.*
Delta EVP and chief legal officer Peter Carter told Atlanta’s WABE public radio station this week that the airline “would applaud and embrace the opportunity to compete with the Gulf carriers if in fact they were living consistent with the terms of the Open Skies agreements we’ve entered into. The problem we have is with the subsidies they’re receiving.”
“Emirates has been flooding the market with capacity,” Carter said. “We know this is not the first route we’ve had to cancel as a result of the subsidized Mid-East carriers.” Delta, American and United have asked the US government to hold consultations with the UAE and Qatar on the alleged subsidies and the Open Skies treaties. But several other US carriers, including Alaska Airlines, FedEx and JetBlue Airways, are opposed to the campaign and each of the Gulf carriers has strongly refuted the subsidy allegations.* Some have counter-argued that the major consolidated US carriers have benefited from the US Chapter 11 bankruptcy process, government loan guarantees and other forms of financial assistance.
Delta also announced this week that it was immediately quitting its membership of the Airlines for America (A4A) lobbying association. The airline said the trade group had failed to support Delta on several key issues, “including the growing harm of government-subsidized carriers in the Middle East and the damage the Export-Import Bank does to US airlines.”
Atlanta-based Delta operates the only passenger service between its home hub and Dubai, but announced Oct. 28 that it will cease the route from Feb. 11, 2016.
Delta said its Dubai pullout decision was made “amid overcapacity on US routes to the Middle East operated by government-owned and heavily subsidized airlines.”
Dubai-based Emirates, however, has issued a statement rejecting Delta’s accusation that competition from Gulf airlines forced it to cancel the service. Emirates says industry data show that Delta’s Dubai flights have had average seat loads consistently over 85% and that Emirates own studies indicate that the route was “highly profitable” with “an estimated route profitability of over $10 million per annum, or a route net margin of 7%.”
“Delta effectively has a monopoly on the Atlanta-Dubai route, they can carry ‘Fly America’ traffic that is protected from non-US carriers, and enjoy high seat loads and yield on the route. By any airline’s standards, these are lucrative conditions and hardly reason to cease the Atlanta-Dubai service,” an Emirates spokesperson said.
“We can only conclude that this is a political move to position Delta as a ‘victim’ of the Gulf carriers—which is laughable considering Delta’s size and profitability; or it is perhaps because they wish to redeploy their aircraft on other trans-Atlantic routes that have even higher yields due to the anti-trust immunity Delta enjoys with its alliance partners. In which case, Delta should admit that its goal is to make even more money, and leave the Gulf airlines out of it.”
The spokesperson added: “Our route planners are now closely studying the opportunity for Emirates to fill in the gap when Delta exits the non-stop Atlanta-Dubai service.
Qatar Airways, a oneworld alliance member, announced earlier this year that it will begin Doha-Atlanta service next year.
Delta has led a campaign, joined by American Airlines, United Airlines and some labor groups, to address what it says are billions of dollars of government subsidies given to state-owned Gulf carriers in violation of fair competition rules in the Open Skies between the US, the UAE and Qatar.*
Delta EVP and chief legal officer Peter Carter told Atlanta’s WABE public radio station this week that the airline “would applaud and embrace the opportunity to compete with the Gulf carriers if in fact they were living consistent with the terms of the Open Skies agreements we’ve entered into. The problem we have is with the subsidies they’re receiving.”
“Emirates has been flooding the market with capacity,” Carter said. “We know this is not the first route we’ve had to cancel as a result of the subsidized Mid-East carriers.” Delta, American and United have asked the US government to hold consultations with the UAE and Qatar on the alleged subsidies and the Open Skies treaties. But several other US carriers, including Alaska Airlines, FedEx and JetBlue Airways, are opposed to the campaign and each of the Gulf carriers has strongly refuted the subsidy allegations.* Some have counter-argued that the major consolidated US carriers have benefited from the US Chapter 11 bankruptcy process, government loan guarantees and other forms of financial assistance.
Delta also announced this week that it was immediately quitting its membership of the Airlines for America (A4A) lobbying association. The airline said the trade group had failed to support Delta on several key issues, “including the growing harm of government-subsidized carriers in the Middle East and the damage the Export-Import Bank does to US airlines.”
