Emirates Airline half year financial results
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Emirates Airline half year financial results
Last year Nov 5th, 2015 Emirates reported record half year financial profits, up 65% from the previous year, 3.1 bn Dirham. This year by all accounts has been more challenging. What are we to expect in a few days, good or bad?
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Last years full yr target was 7.7bn first half achieved was 3.7bn (48% of target)
This year 7.2bn full year target. Don't think anyone is expecting close to 3.45bn (48%) this year.
This year 7.2bn full year target. Don't think anyone is expecting close to 3.45bn (48%) this year.
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My guess....1 billion AED loss for the airline. Not sure how dnata is going but the loads on many of our sectors are terrible.
I wonder if management bonuses are clawed back for the shocking job they're currently doing?
I wonder if management bonuses are clawed back for the shocking job they're currently doing?
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Last year
2015 numbers
http://www.emirates.com/english/about/media-centre/2777007/emirates-group-announces-half-year-performance-for-2015-16
This year? Your guess is better than mine. Close the door and carry on...
http://www.emirates.com/english/about/media-centre/2777007/emirates-group-announces-half-year-performance-for-2015-16
This year? Your guess is better than mine. Close the door and carry on...
If the company wanted you to care about how they were doing they would do something to engage you.
They can't even send the pay review letter on time.
It seems we don't gain anything from large returns. Can't be much worse with a loss. Life goes on.
They can't even send the pay review letter on time.
It seems we don't gain anything from large returns. Can't be much worse with a loss. Life goes on.
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Maybe this might explain where the profits are going???
Sheikh Mohammed bin Rashid Al Maktoum's billion-dollar Melbourne Cup failure
Sheikh Mohammed bin Rashid Al Maktoum's billion-dollar Melbourne Cup failure
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If EK reports a loss @ $50 oil it will send a swift chill through non US industry.
Aircraft financiers & Airbus would be particularly concerned....not to mention our bean counters.
If so, hang on tight.
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If EK reports a loss @ $50 oil it will send a swift chill through non US industry.
A crashed aircraft. A poor business class product with 2-3-2 config, lack of passengers in economy despite campains with low fares, pay for your seat, etc.
Very easy to choose QR or EY instead.
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New runway being worked on in DWC or whatever the new name is. All of a sudden, found some cash to inject?
DWC is almost half way between the two major centers and airlines ..... Go figure ....
DWC is almost half way between the two major centers and airlines ..... Go figure ....
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Forget it, will never happen.... (as long as DXB has the money to run an airline)
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Forget it, will never happen
Both airlines are now making a loss.
Oil is at an unsustainable price for the ME.
If drastic measures aren't taken right now, the place will return to the 50's in a blink.
OK, if you say so ....
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Runway is not the most expensive part of an airport but if they sink $30 Billion into DWC, they will never get it back.
Fleet wide load factor is 70% at best and they have 200+ more VLAs on their way.
Double daily A380 to Samoa is not the best way to run an airline.
Fleet wide load factor is 70% at best and they have 200+ more VLAs on their way.
Double daily A380 to Samoa is not the best way to run an airline.
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Ex,
I disagree, I believe it is a very real possibility. It's going to be very difficult to compete with "goat airline" when they have a much more efficient fleet and a brand new airport to go with it, add to that the US3 who will keep up the subtle pressure on the bottom line of the weakest ME carrier...think its called "survival of the fittest"!
Anyway you slice it, its going to get very interesting!
I disagree, I believe it is a very real possibility. It's going to be very difficult to compete with "goat airline" when they have a much more efficient fleet and a brand new airport to go with it, add to that the US3 who will keep up the subtle pressure on the bottom line of the weakest ME carrier...think its called "survival of the fittest"!
Anyway you slice it, its going to get very interesting!
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Ask yourself, given all the advantages EK currently has over worldwide legacy airlines in terms of
geographic location
one hub, one base crewing
third-world pay and benefits (for most)
no unions
new, mostly efficient aircraft
excellent marketing
Why can't they make this work, today? Of course you can make many arguments about management and their decisions, which we've debated before, however, I propose its simple really...
It's Oil.
Remember if you will when oil was 100+ plus a barrel. Worldwide airlines were losing, some hemorrhaging money. EK.......record profits. STC gave interviews saying "we just do it better". Yes, EK does do somethings better. Agreed.
However. What has been the one constant that makes or breaks an airline's bottom line. Its Oil. Always has been, always will be. (of course, I know its labor too, but not for EK...I think we can agree on that)
How then could EK make the massive proffit during high costs of oil yet now, when oil is staying at historic lows can they not double their margins like other airlines seem to be doing....
It's my belief EK doesn't pay market rates for their fuel in DXB. Seriously, what else could it be? It's not just capacity...not on this scale. The fuel price worldwide is balanced, oil is cheap, all benefit.......but why not EK? I cannot figure out what in the equation has changed so dramatically for EK but this.....
oil
geographic location
one hub, one base crewing
third-world pay and benefits (for most)
no unions
new, mostly efficient aircraft
excellent marketing
Why can't they make this work, today? Of course you can make many arguments about management and their decisions, which we've debated before, however, I propose its simple really...
It's Oil.
Remember if you will when oil was 100+ plus a barrel. Worldwide airlines were losing, some hemorrhaging money. EK.......record profits. STC gave interviews saying "we just do it better". Yes, EK does do somethings better. Agreed.
However. What has been the one constant that makes or breaks an airline's bottom line. Its Oil. Always has been, always will be. (of course, I know its labor too, but not for EK...I think we can agree on that)
How then could EK make the massive proffit during high costs of oil yet now, when oil is staying at historic lows can they not double their margins like other airlines seem to be doing....
It's my belief EK doesn't pay market rates for their fuel in DXB. Seriously, what else could it be? It's not just capacity...not on this scale. The fuel price worldwide is balanced, oil is cheap, all benefit.......but why not EK? I cannot figure out what in the equation has changed so dramatically for EK but this.....
oil
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Correct me if I am wrong....
It has been noted that we are taking delivery of 36 airframes 2016/17. I thought the original breakdown was 24 A380 and 12 B777. In the fleet forum email it says we are now getting 20 A380 and 16 B777 with no deliveries of A380 for the months of Feb and Mar 2017?
Has this changed?
J.
It has been noted that we are taking delivery of 36 airframes 2016/17. I thought the original breakdown was 24 A380 and 12 B777. In the fleet forum email it says we are now getting 20 A380 and 16 B777 with no deliveries of A380 for the months of Feb and Mar 2017?
Has this changed?
J.
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Turtle, I don't know if EK pays less than market prices for oil (maybe in DXB/DWC, not in the rest of the world), but to answer your question consider this:
High oil prices quickly eat into the profits of an airline with high labour costs, so with the price at 50 returns a solid profit, at 75 breaks even and at 100 it's a blood bath (numbers are just an example)
For EK (lower cost structure) it's the same dynamic, only shifted to right (75/100/125)(numbers are just an example)
This explains why other lose money with high oil prices.
It takes a good shrink and a deep knowledge of the ME mentality to explain why EK underperforms today with low oil prices!!
High oil prices quickly eat into the profits of an airline with high labour costs, so with the price at 50 returns a solid profit, at 75 breaks even and at 100 it's a blood bath (numbers are just an example)
For EK (lower cost structure) it's the same dynamic, only shifted to right (75/100/125)(numbers are just an example)
This explains why other lose money with high oil prices.
It takes a good shrink and a deep knowledge of the ME mentality to explain why EK underperforms today with low oil prices!!
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Ex,
I disagree, I believe it is a very real possibility. It's going to be very difficult to compete with "goat airline" when they have a much more efficient fleet and a brand new airport to go with it, add to that the US3 who will keep up the subtle pressure on the bottom line of the weakest ME carrier...think its called "survival of the fittest"!
Anyway you slice it, its going to get very interesting!
I disagree, I believe it is a very real possibility. It's going to be very difficult to compete with "goat airline" when they have a much more efficient fleet and a brand new airport to go with it, add to that the US3 who will keep up the subtle pressure on the bottom line of the weakest ME carrier...think its called "survival of the fittest"!
Anyway you slice it, its going to get very interesting!