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-   -   EK results out (https://www.pprune.org/middle-east/586781-ek-results-out.html)

Eau de Boeing 9th Nov 2016 06:27

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

lospilotos 9th Nov 2016 06:34

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

ExDubai 9th Nov 2016 07:27

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

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

Jack D 9th Nov 2016 07:28

- 75 %
 
Still a profit though ... more a reality check perhaps .

ExDubai 9th Nov 2016 07:31


Originally Posted by lospilotos (Post 9572216)
And CM mentioned in a "transformation" role and instead of a Digital & Innovation role....

Do you have a link for that ?

Don Corleone 9th Nov 2016 07:42


Originally Posted by ExDubai (Post 9572294)
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 9th Nov 2016 07:44


Originally Posted by Don Corleone (Post 9572309)
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 9th Nov 2016 07:48

The boat is sinking normally ....

Cantbebothered 9th Nov 2016 07:54

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

bigdaviet 9th Nov 2016 07:58

Great timing!

fatbus 9th Nov 2016 08:32

And how many are laughing right now?

AMEX 9th Nov 2016 08:41


Originally Posted by Jack D (Post 9572287)
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 9th Nov 2016 08:43

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 9th Nov 2016 08:58

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

lots of staff=250 million dollars

Jetkopite 9th Nov 2016 09:03

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 9th Nov 2016 09:14

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 9th Nov 2016 09:20

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 9th Nov 2016 09:24


Originally Posted by notapilot15 (Post 9572426)
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 9th Nov 2016 09:39

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

Callone 9th Nov 2016 10:11

We urgently need a narrow body between many other changes.


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