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When will Emirates financial results be announced?

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When will Emirates financial results be announced?

Old 11th May 2017, 08:06
  #21 (permalink)  
 
Join Date: Apr 2002
Location: HK
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Down 82.5%. Presume the beatings will have to intensify!
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Old 11th May 2017, 08:13
  #22 (permalink)  
 
Join Date: Feb 2012
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Originally Posted by Freehills View Post
Down 82.5%. Presume the beatings will have to intensify!
Hundreds will complain, nobody will walk away from the big shiny jets AND THEY KNOW IT.

This is proof. #helloRyanAir
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Old 11th May 2017, 08:18
  #23 (permalink)  
 
Join Date: Oct 2004
Location: Dubai
Posts: 323
Who'd have thought you could still pull a profit flying A380s around with 100 pax? There's magic in them there figures.
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Old 11th May 2017, 08:26
  #24 (permalink)  
 
Join Date: May 2006
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Meanwhile... DNATA side posts record breaking bunker busting profit "the highest in 58 years"... I'm sure the numbers all add up somehow...
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Old 11th May 2017, 08:43
  #25 (permalink)  
 
Join Date: Apr 2002
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Originally Posted by aeropix View Post
Meanwhile... DNATA side posts record breaking bunker busting profit "the highest in 58 years"... I'm sure the numbers all add up somehow...
Lesson learnt - build a business on cheap, largely south asian, labour.
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Old 11th May 2017, 09:06
  #26 (permalink)  
 
Join Date: May 2009
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Except that 2/3 of dnatas business is outside of the UAE
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Old 11th May 2017, 09:09
  #27 (permalink)  
 
Join Date: Sep 2007
Location: UAE
Posts: 275
The Emirates Shop in The Dubai Mall might be bringing the profits down
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Old 11th May 2017, 09:40
  #28 (permalink)  
 
Join Date: Jan 2004
Location: Stratosphere
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There were a few choice little nuggets in the email - all to do with freezes on promotions, pay increases, and an open statement about reductions in benefits. Brilliant.
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Old 11th May 2017, 10:16
  #29 (permalink)  
 
Join Date: Mar 2003
Location: uae
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Axe half the VPs would be a good start
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Old 11th May 2017, 10:18
  #30 (permalink)  
 
Join Date: Jul 2013
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Airline profit 1.3bn Dnata 1.2bn
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Old 11th May 2017, 10:24
  #31 (permalink)  
 
Join Date: Jul 2006
Location: london
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Originally Posted by fatbus View Post
Axe half the VPs would be a good start
Are those the ones who are smiling today wondering what to do with their profit share whilst the ones that really made the money get nothing??
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Old 11th May 2017, 10:57
  #32 (permalink)  
 
Join Date: Apr 2015
Location: Earth
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How pathetic.

When times are good they will stand in the auditorium and bask in the clapping of the rent-an-audience, lapping up the sycophantic adulation of the Costa Brigade.

But when they aren't, they refuse to present the results to the staff in person, and instead fire off an email to all releasing the figures. What leadership. Not. Absolutely spineless.

That's what's scary - refusal to take responsibility for the myriad of errors, and lead to this year's poor performance. And now - the signalling of reducing terms and conditions to those who work hardest.
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Old 11th May 2017, 11:09
  #33 (permalink)  
 
Join Date: Nov 2003
Location: Inmate of District 11
Posts: 443
Comparable to sending a text or email about how bad your relationship is going? It would be more prudent to have a face to face announcement when times are tough rather than stand there and soak up the praise when times are good. Certainly not good leadership or communication sorry to say.

J
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Old 11th May 2017, 11:16
  #34 (permalink)  
 
Join Date: Apr 2001
Location: overthere
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The freeze on promotion and pay has been happening for most of the past year throughout the company. Some departments have seen demotion of the workers from grade 8 to grade 7 while still doing exactly the same job. Managers don't seem to have been handled the same way, surprising hey?
Total cop out sending an email.
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Old 11th May 2017, 11:26
  #35 (permalink)  
 
Join Date: Feb 2009
Location: dubai
Posts: 55
An airline that never fails to disappoint.

I love the word "Resilience" Ive come to learn with bitter experience that its Dubai speak for someone about to stick the bat up your arse....

One of the major reasons that the deeply unrealistic profit target was not achieved was due to mismanagement of the airline and poor managerial choices, we know there is managerial ineptitude otherwise why employ a senior management consultant to fix it.
Their mistake.... our loss.
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Old 11th May 2017, 11:58
  #36 (permalink)  
 
Join Date: May 2005
Location: Mars
Posts: 522
Need the succession plan and new strategy laid out asap. Until then nothing will happen.
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Old 11th May 2017, 12:17
  #37 (permalink)  
 
Join Date: Feb 2017
Location: Germany
Posts: 243
This is all a kick in the groin. It just not worth it being here. Next year I am out.
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Old 11th May 2017, 14:19
  #38 (permalink)  
 
Join Date: Aug 2016
Location: London
Posts: 29
Cost cutting

Seat capacity rose by 10% and operating costs increased by 8%....yeah that sounds pretty logical, more planes will do just that. What a great way to justify cost cutting.

What a blessing to have such a 'capable' management team to turn a profit even in the face of such global financial turmoil, I only wish they could make us work harder so our productivity increases.

Hello new TC's! Hello 3* hotels! Hello room sharing (CC only hopefully). This is all up CM's alley, he's more than qualified.
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Old 11th May 2017, 14:40
  #39 (permalink)  
 
Join Date: Oct 2015
Location: USA
Posts: 415
Look at the positives numbers

Workforce went up by 7.5%. (added just net 7 planes)
Break-even load factor went up to 64.5 from 60%

Wait a minute, those numbers are not supposed to go up.
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Old 11th May 2017, 14:50
  #40 (permalink)  
 
Join Date: Feb 2004
Location: UAE
Posts: 159
".....stiff competition and over-capacity that hurt our loads and yields."

said the boss of the only airline with 142 A380 ordered.

If only all those other airlines did not order any aircraft we would be just fine.
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