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Old 9th Nov 2016, 15:25
  #32 (permalink)  
DCS99
 
Join Date: Sep 2000
Location: Danger - Deep Excavation
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Where was 2.35 billion AED spent?

Maybe Mueller arrived just in time.

Help me understand because I'm not an accountant.

2.3 million extra passengers compared to last year same period up from 25.7 to 28 million.
But revenue basically stable. So tickets must be cheaper and/or commissions to travel agents or whoever sells the tickets has gone up.
Fuel down 10% on same period. A big saving.
Profit share down from 9 to 5 weeks. Surely a saving.

So how can Net profits *fall* by 75% to 786 million AED (28 AED profit per passenger).
Where has all that money been spent?

I make that 2.35 Billion AED gone compared to last year: 786 × 3
So where was that 2.35 Billion AED spent compared to the same time last year?
Obviously some on serving the extra passengers, some on capacity increases.
But I feel like I'm missing something obvious.

(And what was all that about cash reserves going down by 36%?
Is that investment in DWC, tractors or buses?)
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