EK results out
There we have it.....
Half year profits down by 75% from last year. |
And CM mentioned in a "transformation" role and instead of a Digital & Innovation role....
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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.... |
- 75 %
Still a profit though ... more a reality check perhaps .
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Originally Posted by lospilotos
(Post 9572216)
And CM mentioned in a "transformation" role and instead of a Digital & Innovation role....
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Originally Posted by ExDubai
(Post 9572294)
Do you have a link for that ?
So obvious how they try to bury it with the results of the presidential election results 😂 |
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 😂 |
The boat is sinking normally ....
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Wow! Never expected -75% but then again they had ridiculously high profits for many years before.
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Great timing!
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And how many are laughing right now?
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Originally Posted by Jack D
(Post 9572287)
Still a profit though ... more a reality check perhaps .
Seems like a pretty serious warning to me. |
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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one underused 380 at 250 million usd is where to cull the bleeding...
lots of staff=250 million dollars |
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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qr and ey...same strategy same routes same location similar pricing...why people chose to fly them instead of EK is the answer IMO
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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)
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maybe the new quarterback CM will figure out the cost of pilot training and multiply that number with the attrition number
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We urgently need a narrow body between many other changes.
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