When will Emirates financial results be announced?
 

Hello Folks!

As the title says, is it late now for the announcement? usually the announcement is made within the first week of May. some rumors say the announcement will be at the beginning of June.

Last year annual results were presented on May 10th...

My money is on a 15:30 email on Thursday ;)

+1 on that!

Thursday, June 8th.


The embarrassingly modest profit announcement will be obliterated by the UK election, thus no face lost.

15 minutes after the first of the 82nd airborne paradrop into Pyongyang..:E

Modest profit of 2.5 billion instead of 7.7 billion..?

Any company in the world would love to have a profit anywhere near EK's. Let's get real for a minute.

If Willy Walsh turned a 2.5 bill profit, he'd get to be The Queen's personal shoe shiner for life..

Who cares? Whatever the number, it'll be smoke and mirrors. Again...

IAG is 2 airlines.

Well, 4 if you include BMI and BMED

IAG is 6 airlines
British Airways
Iberia
Aer Lingus
Veuling
Open Skies
Level

And the emirates group is this according to their www.

the Emirates Group as an immense organisation, spanning a portfolio of more than 50 brands and employing over 65,000 people

Higher education should become compulsory for professional pilots. Reading all this drivel you posted here, makes me feel sick. Let's be honest, even a BA in Literature can interpret an income statement or a balance sheet. It took you guys 3 posts to figure out how many airlines are members of IAG, just use google, for God's sake.

I believe what is being alluded to in the figures is the company can declare any profit it wants to as the numbers are not audited and the standard practice of accounting rules do not apply with EK and its declaration of financial results.

Emirates accounts actually are audited (traditionally by PwC).

I always thought that the somewhat extraordinary (to the region and ownership structure) transparency is driven by access to the financial markets for funding (corporate bonds etc.).

The fact that large corporations have a lot of maneuver space for declaring a loss or a profit (if they are solid enough) remains a fact anywhere.

Not a financial expert by far... my degree from elsewhere as well.

February 30

PWC is world respected in audit, and I don't want to hear about the Oscars, that was a one off, we all have done it.

As OBOGS said, Corps, especially in this part of the world have a lot of "maneuvering" space. At Emirates it is the PAYMENT TO OWNER, which comes from the profit, not after.

And that "gentlemen" is where we as Emirates pilots get screwed out of our profit share.

The financial "Boys" love this kind of stuff, use the payment to owner as a cost, screw the employees out of profit share, they don't f---king care.

That's transparency to them, the kind that keeps the funding going.

E-mail just in.

Interesting line in the email:

We’ve made some tough decisions. Until we’re on a stronger footing, we’ve frozen promotions, but will continue to fill and recruit essential roles. Expect firmer controls on salaries and benefits as we look to steady our payroll costs."

I wonder if FO's are considered "essential staff"

🙈😱

And the number is?

2.5Bn Dhs Profit
 

Or

Half the amount Ryanair made and a quarter of the figure IAG achieved.

Interesting times