Ek reports 351 per cent jump in first half net profits
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Join Date: Jul 2005
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Ek reports 351 per cent jump in first half net profits
Emirates', which has an order backlog of $68 billion for 204 aircraft on firm orders, contributes roughly 25 per cent to Dubai's economy, directly and indirectly.
Emirates reported a 351 per cent jump in net profits on Monday, with Dh3.4 billion ($925 million) for the first six months of its current financial year, ending September 30, 2010, compared to Dh752 million ($205 million) for the same period in 2009.
The airline's revenue, including other operating income, grew by 35.5 per cent to Dh26.4 billion ($7.2 billion) compared to revenue of Dh19.5 billion ($5.3 billion), for the same period last year. Fuel continues to be the most significant expense for the airline, with operating costs up 22.6 per cent to Dh23 billion ($6.3 billion).
The company, which has 201 aircraft on order, worth Dh249.76 billion ($68 billion) contributes an impressive 25 per cent to Dubai's economy.
"Emirates achieved the growth by carrying 15.5 million passengers and recording a strong passenger seat factor at 81.2 per cent, the highest ever for a first six month reporting period. Premium class seat factors have also risen by 2.6 percentage points, reflecting an encouraging change in the global economic outlook," the airline said in a statement.
FULL report -
gulfnews : Emirates reports 351 per cent jump in first half net profits
Emirates reported a 351 per cent jump in net profits on Monday, with Dh3.4 billion ($925 million) for the first six months of its current financial year, ending September 30, 2010, compared to Dh752 million ($205 million) for the same period in 2009.
The airline's revenue, including other operating income, grew by 35.5 per cent to Dh26.4 billion ($7.2 billion) compared to revenue of Dh19.5 billion ($5.3 billion), for the same period last year. Fuel continues to be the most significant expense for the airline, with operating costs up 22.6 per cent to Dh23 billion ($6.3 billion).
The company, which has 201 aircraft on order, worth Dh249.76 billion ($68 billion) contributes an impressive 25 per cent to Dubai's economy.
"Emirates achieved the growth by carrying 15.5 million passengers and recording a strong passenger seat factor at 81.2 per cent, the highest ever for a first six month reporting period. Premium class seat factors have also risen by 2.6 percentage points, reflecting an encouraging change in the global economic outlook," the airline said in a statement.
FULL report -
gulfnews : Emirates reports 351 per cent jump in first half net profits
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Join Date: Dec 2006
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Okay ... I am going to light the fire... We have ignition...
When EK gave the 14 week profit share, HH asked whether this was the greatest profit share ever palmed out by any airline?
Answer: No, SQ once gave 22 weeks.
The target this time is what?
Traditionally during the second 6 months EK makes 3 or 4 times the profit of the first 6, or not?
I believe that resignations will drop to zero from now till April. Because, unless there will be:
- Gulf War Version 4.0
- Squirrel plague pandemic
- Car loan meltdown Version 1.0 in conjunction with mortgage mayhem Version 2.0
- Cranberry juice genocide
- King Kong and Godzilla attacking DXB airport together
... there is a chance EK's profit share will be somewhere near SQ's.
Go ahead: Tar and feather me. But after you are finished spouting sewage and ridiculing me, I am sure you will hold back on your resignation for a while and suffer 101 hour/month subcontinent night turnarounds like a man --- just in case.
Answer: No, SQ once gave 22 weeks.
The target this time is what?
Traditionally during the second 6 months EK makes 3 or 4 times the profit of the first 6, or not?
I believe that resignations will drop to zero from now till April. Because, unless there will be:
- Gulf War Version 4.0
- Squirrel plague pandemic
- Car loan meltdown Version 1.0 in conjunction with mortgage mayhem Version 2.0
- Cranberry juice genocide
- King Kong and Godzilla attacking DXB airport together
... there is a chance EK's profit share will be somewhere near SQ's.
Go ahead: Tar and feather me. But after you are finished spouting sewage and ridiculing me, I am sure you will hold back on your resignation for a while and suffer 101 hour/month subcontinent night turnarounds like a man --- just in case.
Can't wait for my bonus. 12 weeks me reckons! 
Will probably leave after. Inshallah!
Join Date: Sep 2002
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When a company is aware that most of its employees are waiting for the bonus month to resign then bonus is not on the generous side. "They are leaving anyway so why should we give them anything"…is what they are thinking.
Salary increase is always better than bonus. Bonus is just a carrot
Salary increase is always better than bonus. Bonus is just a carrot
Join Date: Mar 2002
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Agreed.
EK beancounters will be busy scheming to sponsor millions of USD$ on some sports team, buy a loss making airline, hand over the profits to Big Brother Khalifa rather than see a penny handed to it's overworked and massively fatigued employees.
EK beancounters will be busy scheming to sponsor millions of USD$ on some sports team, buy a loss making airline, hand over the profits to Big Brother Khalifa rather than see a penny handed to it's overworked and massively fatigued employees.
Join Date: Sep 2006
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....and if they give us a bonus they will take more from us somewhere else, for the last 6 years I make every year less than the year before.
If they would have not changed the over time, they would have made even more this year, because I do not make any effort to be productive for this slave drivers.
If they would have not changed the over time, they would have made even more this year, because I do not make any effort to be productive for this slave drivers.
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What is good for EK is not necessarily good for you my friends...
Just x the lastest FCIcr@p about cutting baggage allowance for crew to 23 Ks..
And also something nice to know next time you plan your african layover:
In order to help crews NOT to protect themselves from getting malaria, Ek has decided you can't get Malarone any longer. One of the pharmacists told me it was 'so to speak' out of stock but I could get it myself anywhere in Dubai. Apparently Malarone is too expensive... They give you some third world medicine with lots of side effects because your bosses don't want to spend the money....
We are proud of you EK....
Just x the lastest FCIcr@p about cutting baggage allowance for crew to 23 Ks..
And also something nice to know next time you plan your african layover:
In order to help crews NOT to protect themselves from getting malaria, Ek has decided you can't get Malarone any longer. One of the pharmacists told me it was 'so to speak' out of stock but I could get it myself anywhere in Dubai. Apparently Malarone is too expensive... They give you some third world medicine with lots of side effects because your bosses don't want to spend the money....
We are proud of you EK....
still won't reinstate the productivity back to where it was.
Join Date: Apr 2003
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Funny, people are hoping the bonus will wow next year
Highly unlikely, would be nice...but not happening (barring a major disaster or any other such catastrophy ) EK is not in the business of putting a smile on it's staff. Am sure they reckon it's bad for productivity.
Highly unlikely, would be nice...but not happening (barring a major disaster or any other such catastrophy ) EK is not in the business of putting a smile on it's staff. Am sure they reckon it's bad for productivity.
