EK results out

[Eau de Boeing]

There we have it.....
Half year profits down by 75% from last year.

[lospilotos]

And CM mentioned in a "transformation" role and instead of a Digital & Innovation role....

[ExDubai]

Emirates' net profit plummets 75% since March - Transport - ArabianBusiness.com

I expected a bad result, but not as bad like that....

[Jack D]

- 75 %

Still a profit though ... more a reality check perhaps .

[ExDubai]

Originally Posted by lospilotos

And CM mentioned in a "transformation" role and instead of a Digital & Innovation role....

Do you have a link for that ?

[Don Corleone]

Originally Posted by ExDubai

Do you have a link for that ?

In the company email we received today from HH.


So obvious how they try to bury it with the results of the presidential election results 😂

[ExDubai]

Originally Posted by Don Corleone

In the company email we received today from HH.


So obvious how they try to bury it with the results of the presidential election results 😂

At least they have now somebody to blame for the next 4 years

[Kobus Dune]

The boat is sinking normally ....

[Cantbebothered]

Wow! Never expected -75% but then again they had ridiculously high profits for many years before.

[bigdaviet]

Great timing!

[fatbus]

And how many are laughing right now?

[PPRuNeUser0215]

Originally Posted by Jack D

Still a profit though ... more a reality check perhaps .

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.

[Jetkopite]

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..

[The Turtle]

one underused 380 at 250 million usd is where to cull the bleeding...

lots of staff=250 million dollars

[Jetkopite]

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...

[notapilot15]

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)

[littlejet]

qr and ey...same strategy same routes same location similar pricing...why people chose to fly them instead of EK is the answer IMO

[Jetkopite]

Originally Posted by notapilot15

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)

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!!!!!

[littlejet]

maybe the new quarterback CM will figure out the cost of pilot training and multiply that number with the attrition number

[Callone]

We urgently need a narrow body between many other changes.