EK results out
Join Date: Aug 2015
Location: Escaped the sandpit 53° 32′ 9.19″ N, 9° 50′ 13.29″ E
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Emirates' net profit plummets 75% since March - Transport - ArabianBusiness.com
I expected a bad result, but not as bad like that....
I expected a bad result, but not as bad like that....
Join Date: Aug 2015
Location: Escaped the sandpit 53° 32′ 9.19″ N, 9° 50′ 13.29″ E
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Join Date: Jun 2006
Location: Dubai
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Join Date: Aug 2015
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With oil at 45$, an ideal strategic location, lowest labour costs possible, weather in your favour, modern fleet ( fuel efficient ) ....I hope for EK and Dubai that they ll take that as more than just a reality check.
Seems like a pretty serious warning to me.
Seems like a pretty serious warning to me.
Join Date: Jul 2006
Location: london
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I heard a rumour that EK is about 20% over staffed at the moment so lots of bouncing around at the castle :-)))) If they dont sort out these A380 orders I feel these results will only get worse over the years..
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If they are not careful even the 777 will prove too big for them on .certain routes. Now having over 100 A380s?? You dont have to be a rocket scientist or Muller to see the bleeding of $ where other airlines only ordered 4-5 380's for high density airports only...
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Neither Bus nor Tractor are the problem, Timmy running this as a PR firm, not as an airline is the problem. Marketing spending of $3B is more than entire fleet lease cost $2.8B (240 x $1M/month x 12)
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I agree to a point but in years gone they spent millions on marketing and done very well, in fact our marketing department is one of the strongest dept in the airline... Problem is they havnt account for other airlines like QR expanding and hitting EK where it hurts. Their business model is better equipped to deal with a downturn with more efficient planes unlike EK where they ordered and ordered thinking the whole world will keep flying EK via Dubai... THe EK model is failing BIGTIME!!!!!