Emirates
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Maybee I am missing something.
Who are going to fly all these aircraft. Especially to that sallery.
For instance, Jet Airways are short off 300 cpts and are hiring F/O with a new B737 typerating, and the payscale starts with $8700 (B737) for CPT. + acc.
Who are going to fly all these aircraft. Especially to that sallery.
For instance, Jet Airways are short off 300 cpts and are hiring F/O with a new B737 typerating, and the payscale starts with $8700 (B737) for CPT. + acc.
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Quite a bit less than an EK capt then (on the new pay scheme after May 1st)... Whats your point?
Bare in mind the Jet salary is subject to income tax, so is not as attractive as it first appears. The upside is potential 'home basings' I guess?
Bare in mind the Jet salary is subject to income tax, so is not as attractive as it first appears. The upside is potential 'home basings' I guess?
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Emirates Post a 23% profit
EMIRATES’ PROFITS HIT NEW HIGH ON SUSTAINED DOUBLE DIGIT GROWTH
DUBAI, U.A.E., 26th April 2007 – The Emirates Group today reported its 19th consecutive year of profit with a new record performance backed by continued double-digit growth.
Group net profits increased 23.5 per cent to a new high of UAE Dirhams 3.5 billion (US $942 million) for the financial year ended 31st March 2007, while Group revenue increased by an impressive 28.4 per cent to Dhs 31.1 billion ($8.5 billion), compared to Dhs 24.2 billion ($6.6 billion) last year. The Group also maintained a robust cash balance of Dhs 12.9 billion ($3.5 billion) at the end of March, an improvement of 17.8 per cent against a year earlier.
Emirates will pay a dividend of Dhs 400 million ($109 million) to its owner, the Government of Dubai. In total, the ownership will have received Dhs 1.8 billion ($505 million) from Emirates since the financial year 2000-01. In 2006-07, the Emirates Group estimates a direct contribution of Dhs 14.5 billion ($4 billion), and another Dhs 21.7 billion ($5.9 billion) in indirect contribution to the Dubai economy.
The 2006-07 Annual Report of the Emirates Group - comprising Emirates Airline, Dnata and subsidiary companies – was released in Dubai today at a news conference hosted by His Highness Sheikh Ahmed bin Saeed Al-Maktoum, Chairman and Chief Executive, Emirates Airline and Group.
The Group’s latest record performance, backed by double-digit profit and revenue growth, reflects its success in growing demand for its services, and its ability to attract more premium customers through its multi-million dollar investments in product innovations and service enhancements. This is illustrated by the three million more passengers who flew Emirates in the latest financial year, for a new record total of 17.5 million.
Sheikh Ahmed said: “It has been another outstanding year of continued profitability and rapid growth. These results, against a backdrop of rising costs and significant aircraft delivery delays which have impacted our capacity growth, demonstrate Emirates’ ability to adapt and knuckle down to the challenge.”
He continued: “For the third year running, pressure from fuel costs has softened our profits, while the delay on our A380 aircraft deliveries has meant that we have had to revisit our expansion plans. In spite of these factors, the Group has continued to forge ahead, posting double-digit profit and revenue growth by expanding our operations into new markets and adding capacity to existing markets offering the highest returns; innovating to attract and retain premium customers; and keeping a close watch on unit costs.”
Sheikh Ahmed said: “The Emirates Group is exposed to fuel price fluctuations, rising interest rates, and the volatility of the US dollar against major currencies – all of which we have very little control over. In all other areas of our business, we have better control and in these we strive to improve efficiency and effectiveness, enhance productivity and constantly challenge the existing ways of doing business for continuous improvement. This is essential as we confidently stride ahead with our expansion plans and continue to invest in various new initiatives to manage the company’s growth.”
Across the Group, initiatives to improve efficiency and keep a tight rein on costs have also contributed to the positive results, as the Group maintained a strong net profit margin of 11.4 per cent.
Fuel costs remained the top expenditure accounting for 29.1 per cent of total operating costs, up from 27.2 per cent the previous year and 21.4 per cent the year before. Like other airlines, Emirates was forced to retain its fuel surcharges, which only covered about 50 per cent of incremental costs.
In a year where WTI crude oil prices have fluctuated from US$50 to $78 per barrel, Emirates’ challenge was to manage its fuel risk programme within a price range that ensured its net fuel cost remained below market levels. The airline’s jet fuel risk management programme continued to help mitigate fuel costs, saving the company Dhs 724 million ($197 million) in 2006-07.
In his opening review in the 2006-07 Annual Report, Sheikh Ahmed highlighted the mutually-supportive relationship between Dubai’s rapid development and the growth of Emirates and Dnata which have directly and indirectly contributed to the city’s growing infrastructure and reputation as an international centre for commerce and tourism.
He also remarked on how Emirates Airline has grown from a small operator of eight aircraft in 1990 to become the eighth largest international carrier in the world today with 102 aircraft and over 80 international destinations.
“I often get asked how it is possible Emirates can be so successful without subsidies or preferential treatment from the government,” he said. “There is no secret formula. We simply work hard, work smart, and have built our success on a sound and simple business model that focuses on growth, keeping unit costs low, and investing in innovations to keep ahead of the competition.”
Sheikh Ahmed concluded: “The Group’s strong performance this year is very gratifying. As with previous years, we intend to plough the retained profits back into our business – ensuring we have the right infrastructure, people and resources to support the company’s future growth, while providing our customers with the high quality services they have come to expect from us.”
Emirates Airline’s revenues totalled Dhs 29.8 billion ($8.1 billion) for the year, Dhs 6.8 billion ($1.8 billion) or 29.5 per cent higher than income of Dhs 23.1 billion ($6.3 billion) in 2005-06. Airline profits of Dhs 3.1 billion ($844 million) also surpassed the previous year’s record profits of Dhs 2.5 billion ($674 million).
With the addition of 12 new Boeing 777-300ER aircraft during the financial year, Emirates’ fleet reached 102 at the end of March, including nine freighters. The current fleet of all wide-bodied aircraft has an average age of 63 months – one of the youngest commercial fleet in the skies.
Amongst the highlights of the year was Emirates’ order for 10 Boeing 747-8 freighters worth Dhs 12.1 billion ($3.3 billion) at the 2006 Farnborough Air Show. The airline also ordered five additional Boeing 777-300ERs from GECAS on operating leases to meet its capacity requirements due to the delayed delivery of the A380s.
This will bring its 777-300ER fleet size to 59 which, coupled with its existing 777 fleet and freighters, will place Emirates as the largest operator of the 777 by 2010. Emirates’ current order book for 107 new aircraft is worth approximately Dhs 111 billion ($30 billion) in list prices. Over the next eight years, the airline will continue to receive delivery of one new aircraft per month on average.
During 2006-07, Emirates launched passenger services to four new cities – Bangalore, Beijing, Nagoya, and Tunis - bringing the network total to 89 destinations. In addition, it increased the frequency of passenger services to existing destinations, notably a second daily service to Zurich and Dusseldorf, along with a third daily flight to New York via Hamburg.
Passenger seat factor increased to 76.2 per cent from 75.9 per cent the previous year. Traffic increased by 21.6 per cent to 12,643 million tonne-kilometres, and keeping pace with a capacity increase of 22.9 per cent to 19,414 million tonne-kilometres. Breakeven load factor remained relatively low and improved marginally to 59.9 per cent from 60.2 per cent last year, while yield improved for the fifth consecutive year, to 216 fils (59 US cents) per RTKM (Revenue Tonne Kilometre), up from 203 fils (55 US cents) in 2005-06.
Over the past 12 months, nine new Emirates Lounges were opened at airports in key points across the airline’s network during the year, bringing to 18 the total number of world-class lounges dedicated to Emirates’ First and Business class customers and eligible frequent fliers. To date, the airline has invested Dhs 134 million ($37 million) in its lounge product, with another Dhs 49 million ($13 million) earmarked for 10 more Emirates Lounges in the financial year 2007-08.
Emirates also enhanced its product for young travellers, introducing a complimentary baby stroller service at Dubai airport and new onboard activity packs to keep its young customers happily entertained while flying.
The airline also progressed with its multi-million dollar programme to retrofit its existing 777 fleet with new SkyCruiser seats in First class, flat-bed seats in Business class, and its award-winning ‘ice’ inflight entertainment systems across all classes.
Emirates SkyCargo recorded strong growth across its network to carry 1.2 million tonnes of cargo, surpassing its record of one million tonnes of cargo carried last year by 13.5 per cent. The division’s revenue of Dhs 5.4 billion ($1.5 billion) was Dhs 874 million ($238 million) or 19 per cent higher than the year before, and contributed 20 per cent to the airline’s transport revenue, one of the highest contributions of any airline in the world with a similar fleet make-up.
In addition to the 10 Boeing 747-8 freighters ordered at the Farnborough Air Show, the division has signed a wet-lease agreement with TNT Airways S.A for a Boeing 747-400ERF commencing operations in May 2007, and another two aircraft of the same type from Guggenheim Aviation on dry-lease. The latter two aircraft will enter service in August 2007 and May 2008. Scheduled freighters now operate to 29 destinations. In all, Emirates SkyCargo carries freight in 102 aircraft, including nine freighters, to 89 cities.
The Destination and Leisure Management division of Emirates Airline saw another strong year of growth, with sales crossing the Dhs 1 billion ($314 million) mark. This represents an improvement of 22 per cent over the previous year, with yield up eight per cent despite the increasing competitive market conditions. During the year, Emirates Holidays and Arabian Adventures served a record number of 369,000 customers.
The division’s new Emirates Hotels & Resorts arm also continued to develop, and this financial year will see the launch of two new properties – Emirates Marina Hotel & Residence, due to open in September 2007, and Emirates Green Lakes Serviced Apartments, scheduled to open in January 2008.
Dnata recorded a solid performance with revenue growth of 16.5 per cent to Dhs 2.1 billion ($565 million) compared with Dhs 1.8 billion ($485 million). Dnata’s profits of Dhs 360 million ($98 million) represent an increase of 11 per cent compared to last year’s Dhs 324 million ($88 million) – this despite the mammoth challenge to keep operations at the Dubai airport and cargo terminals running smoothly around one of the biggest airport construction and expansion projects currently in progress.
In its 48th year of operation, Dnata remains at the heart of the rapid traffic growth at Dubai International Airport, handling a record 30 million passengers (up 17.2 per cent), 110,000 aircraft (up eight per cent) and 535,132 tonnes of cargo (up six per cent) during the 2006-07 fiscal year. Its corporate and retail travel arm, Dnata Agencies, also reported a 37 per cent increase in turnover, repositioned its retail brand Dnata Holidays to focus on luxury travellers, and celebrated its 40th year as GSA for seven airlines while welcoming three new airline customers.
As of 31st March 2007, the Group employed 30,344 people, up 13 per cent from a year before. In the past 12 months, Emirates has been receiving 60 new cabin crew recruits each week on average, and now has over 8,000 cabin crew representing more than 100 nationalities. Its 1,667 captains and first officers represent over 75 nationalities.
The Group’s Facilities Management Department currently has Dhs 580 million ($158 million) worth of new projects in Dubai under various stages of design and construction including: 700 apartments for cabin crew accommodation in Media City, a new call centre in Dubai Outsource Zone, new offices for D&LM on Sheikh Zayed Road and a new operations centre at Dubai Investment Park, and storage warehousing in Ghusais.
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Emirates orders extra A380
Emirates airline has ordered four more Airbus A380 superjumbos, despite production delays to the project.
The decision by the Dubai-based carrier takes its total order for the giant double-decker aircraft to 47.
http://news.bbc.co.uk/1/hi/business/6632031.stm
The decision by the Dubai-based carrier takes its total order for the giant double-decker aircraft to 47.
http://news.bbc.co.uk/1/hi/business/6632031.stm
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Emirates unveils A380 seat plans..
FROM GULFNEWS
Emirates unveils A380 seat plan
By Ivan Gale, Staff Reporter
Vancouver: Emirates airline, the largest customer of Airbus A380 superjumbo aircraft, will carry a jaw-dropping 644 passengers in some of the 47 planes it has on order when it begins receiving them next year.
Maurice Flanagan, vice chairman and group president, said Emirates will design its A380s in three separate seating configurations tailor made to different routes. The highest density configuration will seat 644 in business and economy with no first class.
Routes to Sydney, Melbourne and New York will be served by a three-class configuration carrying 490 passengers, while so-called "11-hour routes" such as Dubai-London will also have three classes and carry 514 passengers, Flanagan said.
"We'll fill the planes," he promised. "At the moment, there are destinations where we just can't get the seats for them - New York and Heathrow, for example."
Emirates is the eighth largest carrier by international traffic, and a recent report by Boston Consulting Group noted they could become the largest international airline by 2012, partly due to its expansion with the A380s. The revelations for the first time offer a detailed look at how the Dubai-based airline plans to use its mammoth order of double-decker planes. But while industry experts say Emirates will profit from integrating the new planes into its network, they note having three different seating plans for the A380 fleet could be risky.
David Field, an editor with Airline Business magazine, said the plans usher in a string of firsts for an airline already known for innovation.
"There have been some 500 seat configurations (for the A380), but no other airline has announced more than one configuration, and no one has announced anything over 550 seats."
He added, "Emirates has an extremely good reputation in the industry as a high quality and highly profitable airline, so anything they do, people would look at very carefully."
Caution
But he also cautioned that in an era where the airline industry strives to simplify business plans, three different seating plans could constrain the airline if complications arose.
"The more complexity you add to different configurations, the more pitfalls you set up all the way down the line," he said. "Granted, they have a big fleet, but airlines in the US, who have dedicated one fleet type to a specific route have always run into problems. What happens when an airplane gets sick?"
Emirates unveils A380 seat plan
By Ivan Gale, Staff Reporter
Vancouver: Emirates airline, the largest customer of Airbus A380 superjumbo aircraft, will carry a jaw-dropping 644 passengers in some of the 47 planes it has on order when it begins receiving them next year.
Maurice Flanagan, vice chairman and group president, said Emirates will design its A380s in three separate seating configurations tailor made to different routes. The highest density configuration will seat 644 in business and economy with no first class.
Routes to Sydney, Melbourne and New York will be served by a three-class configuration carrying 490 passengers, while so-called "11-hour routes" such as Dubai-London will also have three classes and carry 514 passengers, Flanagan said.
"We'll fill the planes," he promised. "At the moment, there are destinations where we just can't get the seats for them - New York and Heathrow, for example."
Emirates is the eighth largest carrier by international traffic, and a recent report by Boston Consulting Group noted they could become the largest international airline by 2012, partly due to its expansion with the A380s. The revelations for the first time offer a detailed look at how the Dubai-based airline plans to use its mammoth order of double-decker planes. But while industry experts say Emirates will profit from integrating the new planes into its network, they note having three different seating plans for the A380 fleet could be risky.
David Field, an editor with Airline Business magazine, said the plans usher in a string of firsts for an airline already known for innovation.
"There have been some 500 seat configurations (for the A380), but no other airline has announced more than one configuration, and no one has announced anything over 550 seats."
He added, "Emirates has an extremely good reputation in the industry as a high quality and highly profitable airline, so anything they do, people would look at very carefully."
Caution
But he also cautioned that in an era where the airline industry strives to simplify business plans, three different seating plans could constrain the airline if complications arose.
"The more complexity you add to different configurations, the more pitfalls you set up all the way down the line," he said. "Granted, they have a big fleet, but airlines in the US, who have dedicated one fleet type to a specific route have always run into problems. What happens when an airplane gets sick?"
Paxing All Over The World
The journos can't resist hyping it up:- will carry a jaw-dropping 644 passengers
The jaw dropping bit is that the a/c could carry over 800. It isn't. So they have to make it sound interesting.
The jaw dropping bit is that the a/c could carry over 800. It isn't. So they have to make it sound interesting.
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Only three configs?
Poor Mr Field mustn't get out much these days, I can't think of a major carrier with a large number of a given type which doesn't have multiple configs.
What happens if it goes wrong? Well, if it's an engo problem, you add it to your reliability compensation bill to give to the manufacturer under your performance guarantee. Simple.
What happens if it goes wrong? Well, if it's an engo problem, you add it to your reliability compensation bill to give to the manufacturer under your performance guarantee. Simple.
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GLA
GW76
This has been discussed on other forums especially after the recent press release about how quick they reached 500000 pax on the route (I think).
However unless it is taking huge amounts of business pax then I would have thought they would wait until they fill the first aircraft.
The CAA stats since September last year show it exceeding 300 pax per flight (on average) in January only assuming that it ran daily.
April 17532 - 292 pax or 68% load factor
Mar 18310 - 295 pax or 69%
Feb 15945 - 285 pax or 67%
Jan 20495 - 330 pax or 77%
Dec 18098 - 292 pax or 68%
Nov 15311 - 255 pax or 60%
Oct 17435 - 281 pax or 66%
Sep 15738 - 262 pax or 62%
Good figures but not brilliant and with Newcastle starting in September
is it likely they would risk another Glasgow rotation.
The 2nd BHX flight was awful for the first six to eight months and they must have taken a big hit but it seems to have recovered. In fact I was
on the A332 (EK37) last Sunday and the captain stated it was full (Economy certainly was), this during a month it has traditionally not
done that well but of course it was the end of the school holidays.
Pete
This has been discussed on other forums especially after the recent press release about how quick they reached 500000 pax on the route (I think).
However unless it is taking huge amounts of business pax then I would have thought they would wait until they fill the first aircraft.
The CAA stats since September last year show it exceeding 300 pax per flight (on average) in January only assuming that it ran daily.
April 17532 - 292 pax or 68% load factor
Mar 18310 - 295 pax or 69%
Feb 15945 - 285 pax or 67%
Jan 20495 - 330 pax or 77%
Dec 18098 - 292 pax or 68%
Nov 15311 - 255 pax or 60%
Oct 17435 - 281 pax or 66%
Sep 15738 - 262 pax or 62%
Good figures but not brilliant and with Newcastle starting in September
is it likely they would risk another Glasgow rotation.
The 2nd BHX flight was awful for the first six to eight months and they must have taken a big hit but it seems to have recovered. In fact I was
on the A332 (EK37) last Sunday and the captain stated it was full (Economy certainly was), this during a month it has traditionally not
done that well but of course it was the end of the school holidays.
Pete
Last edited by OltonPete; 7th Jun 2007 at 19:52. Reason: spelling
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Emirates purchasing ATR's
Having heard that rumor from various sources, I was wondering if someone could confirm it or provide reliable informations regarding it being true or false.
Thanks
Thanks
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Emirates To Buy 8 Extra Airbus A380s.
EMIRATES AIRLINE AGREES TO BUY EIGHT ADDITIONAL AIRBUS A380s
Dubai based Emirates Airline has signed an agreement to buy eight additional A380 aircraft, taking their total order for the aircraft to 55. The letter of Intent was signed at the 47th International Paris Air show at le Bourget between Sheikh Ahmed Bin Saeed Al Maktoum, Chairman, Emirates Group and Louis Gallois, Airbus President and CEO.
Emirates was a launch customer for the A380 and already had the largest number of aircraft on order. The A380 fleet will start deliveries in the third quarter of 2008.
“Today, we’ve signalled our intent to buy eight more A380 aircraft, taking our total order to 55. This should leave no one in any doubt about our commitment to Airbus’ very large aircraft. The A380 will offer our customers the latest standards in comfort and Emirates Airline new standards of operational efficiency.” said Sheikh Ahmed Bin Saeed Al Maktoum, Chairman, Emirates Group.
“It gives us a great sense of pride that Emirates Airline are showing such faith in our A380 product and in Airbus. We thank Emirates Airline for this. Some have labelled the A380 the “gentle giant” and certainly at Airbus we are very proud of the A380’s environmental friendliness with levels of fuel efficiency that will help make aviation better for all,” said Airbus President and CEO Louis Gallois.
Being cleaner, greener, quieter and smarter, the A380 is already setting new standards for transport and the environment. Per passenger, the A380 is as fuel efficient as a small economical family car. The combination of extra passenger capacity without increasing the number of flights, excellent environmental performance and lower operating costs is an ideal solution for both increasingly congested airports and the airlines that serve them.
For passengers, the A380 offers larger, more comfortable seats in all classes and in the quietest cabins in the sky. It also gives airlines flexibility to economically offer improved comfort standards without reducing fleet capacity. By adapting to the latest market trends for larger premium class products, the A380 can typically carry 525 passengers in three classes in unprecedented comfort on flights of over 8000 nm (15 000km).
Airbus is an EADS company.
Dubai based Emirates Airline has signed an agreement to buy eight additional A380 aircraft, taking their total order for the aircraft to 55. The letter of Intent was signed at the 47th International Paris Air show at le Bourget between Sheikh Ahmed Bin Saeed Al Maktoum, Chairman, Emirates Group and Louis Gallois, Airbus President and CEO.
Emirates was a launch customer for the A380 and already had the largest number of aircraft on order. The A380 fleet will start deliveries in the third quarter of 2008.
“Today, we’ve signalled our intent to buy eight more A380 aircraft, taking our total order to 55. This should leave no one in any doubt about our commitment to Airbus’ very large aircraft. The A380 will offer our customers the latest standards in comfort and Emirates Airline new standards of operational efficiency.” said Sheikh Ahmed Bin Saeed Al Maktoum, Chairman, Emirates Group.
“It gives us a great sense of pride that Emirates Airline are showing such faith in our A380 product and in Airbus. We thank Emirates Airline for this. Some have labelled the A380 the “gentle giant” and certainly at Airbus we are very proud of the A380’s environmental friendliness with levels of fuel efficiency that will help make aviation better for all,” said Airbus President and CEO Louis Gallois.
Being cleaner, greener, quieter and smarter, the A380 is already setting new standards for transport and the environment. Per passenger, the A380 is as fuel efficient as a small economical family car. The combination of extra passenger capacity without increasing the number of flights, excellent environmental performance and lower operating costs is an ideal solution for both increasingly congested airports and the airlines that serve them.
For passengers, the A380 offers larger, more comfortable seats in all classes and in the quietest cabins in the sky. It also gives airlines flexibility to economically offer improved comfort standards without reducing fleet capacity. By adapting to the latest market trends for larger premium class products, the A380 can typically carry 525 passengers in three classes in unprecedented comfort on flights of over 8000 nm (15 000km).
Airbus is an EADS company.
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A350 deal expected?
There was a report, on the A.net news thicker (i.e. not a forum rumour) that the A350 deal (for 60-100) was to be announced today too. Anything more on that, or is EK going to keep dragging that out for another bit?
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Read a report earlier today quoting Tim Clark as saying they (EK) are still talking to both A & B about the mid-size order and it'll come within the next few months.