Emirates Airline half year financial results
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Profit will be there, but I don't think anywhere near the targets.
EK 521 will be spun to the staff as reasoning, but every single rivit of that aircraft, piece of cargo, and passenger was fully covered by insurance. There is a real possibility that money was made from that accident because of the insurance coverage.
I mean come on!! They even found a pax who had entered a duty free raffle to get some immediate, positive news for the public.
EK 521 will be spun to the staff as reasoning, but every single rivit of that aircraft, piece of cargo, and passenger was fully covered by insurance. There is a real possibility that money was made from that accident because of the insurance coverage.
I mean come on!! They even found a pax who had entered a duty free raffle to get some immediate, positive news for the public.
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F&F
Yes I am only assuming that EK's fuel costs are lower in DXB
I have no idea if I'm correct. But I cannot explain how EK can lose money at $50 barrel of oil and make money 2 years ago at $100
And I don't blame them or fault them if they do get fuel cheaper in DXB.....
And why not. If you pump it out of the ground here, why should you pay market price? Ek is quasi-gvpt anyway, one hand to another
There are probably other discounts around as well, but not as apparent (and substantial) as fuel costs
And look at Delta....they purchased their own refinery.... Very smart.
Yes I am only assuming that EK's fuel costs are lower in DXB
I have no idea if I'm correct. But I cannot explain how EK can lose money at $50 barrel of oil and make money 2 years ago at $100
And I don't blame them or fault them if they do get fuel cheaper in DXB.....
And why not. If you pump it out of the ground here, why should you pay market price? Ek is quasi-gvpt anyway, one hand to another
There are probably other discounts around as well, but not as apparent (and substantial) as fuel costs
And look at Delta....they purchased their own refinery.... Very smart.
Last edited by The Turtle; 2nd Nov 2016 at 09:10. Reason: grammar
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Turtle, F&F
Model was You spend as much as you want, just show profit year after year.
Now without free flow of money We cannot bankroll this enterprise forever, do your best.
It is very difficult to switch from previous business model to current one.
BTW, you cannot use the term oil money, because PR and fans will jump in fact checking Dubai has no oil, even though its finances are from neighborhood oil barons.
Model was You spend as much as you want, just show profit year after year.
Now without free flow of money We cannot bankroll this enterprise forever, do your best.
It is very difficult to switch from previous business model to current one.
BTW, you cannot use the term oil money, because PR and fans will jump in fact checking Dubai has no oil, even though its finances are from neighborhood oil barons.
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Oil (fuel) in aviation is a beautiful thing. It's just another form of currency, really...
Have you ever tankered to DXB? Carried fuel to the hub?
Why do you think you did that
Have you ever tankered to DXB? Carried fuel to the hub?
Why do you think you did that
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Yes i have tankered to Dubai. There are a few (very few) cheaper places, but a lot of more expensive places i.e. In Saudi Arabia!!!!!
Forget the oil price argument, in DXB everyone pass more or less market price. Not too many tanker out of it. Why??
Forget the oil price argument, in DXB everyone pass more or less market price. Not too many tanker out of it. Why??
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to tanker into DXB from some outstations is a way to move money without a currency transfer
limited stations I agree Glo
And EK does tanker out to some stations, if the cost/benefit is there
limited stations I agree Glo
And EK does tanker out to some stations, if the cost/benefit is there
Turtle
I remember when oil prices were falling and many colleagues thought it was great for the (EK) airline.
Au contraire l suggested.
Oil prices mean oil money flowing into the coffers of this outfit.
Remember meeting many a red-neck travelling in first because of some lame job requiring his expertise in a remote oil field in butt-f*ck-no-where that EK flies to via DXB from the USofA.
These same gentlemen are now warming a seat in a bar somewhere (butt-f*ck-no-where USofA) going nowhere with no job.
Even a good mate of mine working as a manager for a large oil firm no longer travels anywhere. Used to be flying all over the world, but no more.
As for tankering....Tripoli used to be the only place guaranteed to fill 'er up son!!
So yes. I have tankered to DXB many times
May have been a way of payment as you suggest.
halas
Au contraire l suggested.
Oil prices mean oil money flowing into the coffers of this outfit.
Remember meeting many a red-neck travelling in first because of some lame job requiring his expertise in a remote oil field in butt-f*ck-no-where that EK flies to via DXB from the USofA.
These same gentlemen are now warming a seat in a bar somewhere (butt-f*ck-no-where USofA) going nowhere with no job.
Even a good mate of mine working as a manager for a large oil firm no longer travels anywhere. Used to be flying all over the world, but no more.
As for tankering....Tripoli used to be the only place guaranteed to fill 'er up son!!
So yes. I have tankered to DXB many times
May have been a way of payment as you suggest.
halas
Last edited by halas; 2nd Nov 2016 at 13:35. Reason: *
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Because EK uses long haul wide bodies for turn around flights, it is possible to carry fuel for round trip. Is the additional fuel burn worth the dead weight?
A ULH example.
On IAD-DXB, UA(local carrier) pays taxes and duties on ATF, while EK(foreign carrier) doesn't. On DXB-IAD, UA(foreign carrier) doesn't pay taxes and duties so does EK because it is a tax free regime. This doesn't even include any discounts EK is getting on market price. So system is rigged to help EK.
Turtle Oil
The Turtle,s got it right I think ., not helped by a bloated , inefficient, work force in non front line positions , far too many A380,s ( sorry Airbus folks )given the present climate ( no other carrier else even comes close ) why ? & few premium pax these Days .
Possible loss of cost control oversight (skimming ) extreme sponsorships etc . I always feel we only see the tip of the iceberg , what we experience is only a microcosm of general malaise in all depts . .... oil the devils brew .! . Dxb is not as diversified as we are led to believe .
Possible loss of cost control oversight (skimming ) extreme sponsorships etc . I always feel we only see the tip of the iceberg , what we experience is only a microcosm of general malaise in all depts . .... oil the devils brew .! . Dxb is not as diversified as we are led to believe .
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Didn't our former esteemed leader captain TCAS state at a wash up, "if an airline can not make money at 45 dollars a barrel it shouldn't be in business"
It's all gone down hill since he left, or is he still here?
It's all gone down hill since he left, or is he still here?
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The Turtle,s got it right I think ., not helped by a bloated , inefficient, work force in non front line positions , far too many A380,s ( sorry Airbus folks )given the present climate ( no other carrier else even comes close ) why ? & few premium pax these Days .
Possible loss of cost control oversight (skimming ) extreme sponsorships etc . I always feel we only see the tip of the iceberg , what we experience is only a microcosm of general malaise in all depts . .... oil the devils brew .! . Dxb is not as diversified as we are led to believe .
Possible loss of cost control oversight (skimming ) extreme sponsorships etc . I always feel we only see the tip of the iceberg , what we experience is only a microcosm of general malaise in all depts . .... oil the devils brew .! . Dxb is not as diversified as we are led to believe .
EG 95K, EK 55K for 200 planes, 30K non-core but you will never see anywhere EK has bloated workforce. Above mentioned keeps EK out of such discussion.
70% network wide load factor, but all cheers if EK sends a A380 to Samoa.
Give free upgrades to make look premium cabins full.
There is no way out of it. The day EK stops spending $3.2B to maintain image they all will turn against it.
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When your experienced and loyal staff leave to join the competition, you know that the ship is sinking! Yep and we need another 55 A380s! Muppets!
Last edited by ChocksOn; 3rd Nov 2016 at 01:01. Reason: Grammar
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Interesting view on 380 & how pax will double globally in the next 15 years. He's vested though.
Look for more 2 class based on interview logic.
http://www.nasdaq.com/video/have-airlines-lost-interest-in-the-a380--581aa3c2c4d21f5ac386f22e
Look for more 2 class based on interview logic.
http://www.nasdaq.com/video/have-airlines-lost-interest-in-the-a380--581aa3c2c4d21f5ac386f22e
