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Emirates Expects Solid Earnings  
User currently offlineAirIndia From United Arab Emirates, joined Jan 2001, 1655 posts, RR: 1
Posted (4 years 10 months 2 weeks 4 days 12 hours ago) and read 2730 times:

http://gulfnews.com/business/aviatio...earnings-to-ease-concerns-1.577620

As per Gary Chapman, President Group Services and Dnata

Quote:
Emirates expects to post "solid" full year earnings and sees no problem refinancing its debt

As reflected by the expansion plans, continuation of aircraft deliveries, Emirates is providing the silver lining on the Dubai cloud.


Edit (added another link): http://www.arabianbusiness.com/58062...ays-aircraft-funding-is-no-problem

[Edited 2010-02-03 00:56:59]

22 replies: All unread, jump to last
 
User currently offlineDirectorguy From Egypt, joined Jul 2008, 1704 posts, RR: 11
Reply 1, posted (4 years 10 months 2 weeks 4 days 12 hours ago) and read 2700 times:

Vey good news. Worth mentioning that DXB finally crosed the 40m mark, handling 40.9m pax in 2009. I believe only PEK had a higher growth rate-there were considerable declines across the board.

User currently offlineAirIndia From United Arab Emirates, joined Jan 2001, 1655 posts, RR: 1
Reply 2, posted (4 years 10 months 2 weeks 4 days 12 hours ago) and read 2676 times:

Quoting Directorguy (Reply 1):
I believe only PEK had a higher growth rate-there were considerable declines across the board

You are right. PEK had a growth rate of 17% while that of Dubai was 9.3%

However, DXB is only intl traffic. I am unable to find a split between domestic & intl for PEK....

Edit: as per this link http://www.aci.aero/cda/aci_common/d...n=aci&cp=1-5-212-1376-1379_666_2__

PEK does not even figure in the list of top 30 airports for intl pax. So i assume DXB has done well catering to Intl traffic. However, majority would be transit and not O&D!!!!!

[Edited 2010-02-03 01:05:54]

User currently offlineCobra27 From Slovenia, joined May 2001, 1033 posts, RR: 0
Reply 3, posted (4 years 10 months 2 weeks 4 days 11 hours ago) and read 2574 times:

Nice news. I hope that recent dubai management crisis wont shut the company if something goes bad

User currently offlineShankly From United Kingdom, joined Jan 2000, 1547 posts, RR: 1
Reply 4, posted (4 years 10 months 2 weeks 4 days 10 hours ago) and read 2553 times:

Having stood at DXB earlier this year and watched in awe as the giant EK machine functioned all around (and experiencing good service and standards on my EK flights) I am not surprised to hear that earnings will be robust this year

If someone writes the history of the worlds airlines in 50 years time, Emirates will deserve their own chapter along side Pan Am, Singapore, Southwest, Easyjet and Ryanair as a company whose business model was innovative and ground breaking. One hopes it proves more sustainable than Pan Am



L1011 - P F M
User currently offlineCobra27 From Slovenia, joined May 2001, 1033 posts, RR: 0
Reply 5, posted (4 years 10 months 2 weeks 4 days 10 hours ago) and read 2500 times:

Growth is essential for their business. They have thouasand aircraft orders, with current fleet at 140 planes

User currently offlineMalayil From United States of America, joined Jan 2010, 126 posts, RR: 0
Reply 6, posted (4 years 10 months 2 weeks 4 days 2 hours ago) and read 2242 times:

With such strong growth forecasts can we expect Emirates to announce more destinations for this year, or are the 5 ones already announced it for 2010?

User currently offlineVeeseeten From United Kingdom, joined Nov 2008, 169 posts, RR: 0
Reply 7, posted (4 years 10 months 2 weeks 4 days 1 hour ago) and read 2173 times:



Quoting Cobra27 (Reply 5):
They have thouasand aircraft orders,

er... no... no they don't! They have 130+, a large proportion of which will eventually go towards replacing current A332's, A340's and A-market B777's.


User currently offlineSsides From United States of America, joined Feb 2001, 4059 posts, RR: 21
Reply 8, posted (4 years 10 months 2 weeks 4 days ago) and read 2097 times:



Quoting Cobra27 (Reply 5):
Growth is essential for their business.

It's helpful, but not "essential." EK prides itself on its young fleet, and will likely just lease out or sell older aircraft when newer ones come on line.

I wouldn't be surprised if they replace their first A380 when they take one of their 58 later down the road.



"Lose" is not spelled with two o's!!!!
User currently offlineJacobin777 From United States of America, joined Sep 2004, 14968 posts, RR: 59
Reply 9, posted (4 years 10 months 2 weeks 4 days ago) and read 2045 times:



Quoting AirIndia (Thread starter):
http://gulfnews.com/business/aviatio...earnings-to-ease-concerns-1.577620

As per Gary Chapman, President Group Services and Dnata

I'm curious what the revenue "breakdown" is between EK the carrier and Dnata.  scratchchin 



"Up the Irons!"
User currently offlineViscount724 From Switzerland, joined Oct 2006, 25978 posts, RR: 22
Reply 10, posted (4 years 10 months 2 weeks 3 days 23 hours ago) and read 2012 times:



Quoting Shankly (Reply 4):
One hopes it proves more sustainable than Pan Am

If Pan Am had been government-owned, based in a country where there are no taxes and where unions are illegal, they might still be around.


User currently offlineAirIndia From United Arab Emirates, joined Jan 2001, 1655 posts, RR: 1
Reply 11, posted (4 years 10 months 2 weeks 3 days 15 hours ago) and read 1857 times:



Quoting Viscount724 (Reply 10):
If Pan Am had been government-owned, based in a country where there are no taxes and where unions are illegal, they might still be around.

Or if it were better managed in a non-extravagant way........

People do not fly emirates because its govt owned, from a taxfree base and there are no unions....... they fly for the service and the product!


User currently offlineGemuser From Australia, joined Nov 2003, 5806 posts, RR: 6
Reply 12, posted (4 years 10 months 2 weeks 3 days 15 hours ago) and read 1850 times:



Quoting AirIndia (Reply 11):
People do not fly emirates because its govt owned, from a taxfree base and there are no unions....... they fly for the service and the product!

From my six sector exprience on EK people fly EK because of the price. Neither the service, nor the product is outstanding, especially the 10 abreast B777s.

Gemuser



DC23468910;B72172273373G73873H74374475275376377L77W;A319 320321332333343;BAe146;C402;DHC6;F27;L188;MD80MD85
User currently offlineAirIndia From United Arab Emirates, joined Jan 2001, 1655 posts, RR: 1
Reply 13, posted (4 years 10 months 2 weeks 3 days 12 hours ago) and read 1804 times:



Quoting Gemuser (Reply 12):
Neither the service, nor the product is outstanding, especially the 10 abreast B777s.

Ok, is it safe to say the product and service at that price  


User currently offlineThrottleHold From South Africa, joined Jul 2006, 659 posts, RR: 1
Reply 14, posted (4 years 10 months 2 weeks 3 days 11 hours ago) and read 1748 times:

I just don't get the problem people have with the 10 abreast EK 777 seating. I'm 6 ft and wide shouldered from years of playing rugby. I've flown on many 9 abreast 777 as well as EK's 10 abreast layout. I had no problem on EK and would always fly them, especially over BA's woeful product on their 777's.

User currently offlineAeroflot777 From Russia, joined Mar 2004, 3015 posts, RR: 26
Reply 15, posted (4 years 10 months 2 weeks 3 days 11 hours ago) and read 1732 times:



Quoting Gemuser (Reply 12):
From my six sector exprience on EK people fly EK because of the price.

I really don't understand the price issue with EK. I'm constantly hearing how cheap they are, but every single time I search for a fare it seriously is through the roof. Take for instance a flight comparison. SVO-SFO-SVO is priced at around 900$ r/t amongst European and American carriers for 10MAR-30MAR. Emirates, which has a very decent layover time in DXB, is pricing the DME-SFO-DME flights for 12,000$ !!!!!!!!!

My response is "WHAT THE HECK!"

It's not just this example, it's been like this every single time I search a fare on EK. Regardless of destination. They are leaps and bounds more expensive than anyone else for all the times I've searched.


User currently offlineGemuser From Australia, joined Nov 2003, 5806 posts, RR: 6
Reply 16, posted (4 years 10 months 2 weeks 3 days 10 hours ago) and read 1700 times:



Quoting Aeroflot777 (Reply 15):
Take for instance a flight comparison. SVO-SFO-SVO is priced at around 900$ r/t amongst European and American carriers for 10MAR-30MAR. Emirates, which has a very decent layover time in DXB, is pricing the DME-SFO-DME flights for 12,000$

It could have something to do with the fact that SVO-DXB-SFO is nearly 100% further than SVO-SFO (if there are non stop flights) and 50% greater than SVO-LHR/NYC-SFO (if there are not). With these sort of kilometer differences airline rarely offer competitive fares for such a connection.

Another point is that my trip was on a fifth freedom milk run, DXB-BKK-SYD-CHC-SYD-BKK-DXB (EK418/419). Such flights do tend to be cheaper.

Quoting ThrottleHold (Reply 14):
I just don't get the problem people have with the 10 abreast EK 777 seating. I'm 6 ft and wide shouldered from years of playing rugby. I've flown on many 9 abreast 777 as well as EK's 10 abreast layout. I had no problem on EK and would always fly them,

Well that's your opinion. In mine, they suck. I would fly them again for a 40-50% discount against the next cheapest carrier, for a 30%, as this trip was, I really don't know. The big issue would be connections to where I want to go in Europe. EK do do connections MAGNIFICENTLY.

Quoting AirIndia (Reply 13):
Ok, is it safe to say the product and service at that price

Not really. 4 of the 6 sectors had very amateurish crew, services was bad, the crew was nice, just didn't know what they were doing. Compared to my last SYD-CHC flight on Pacific Blue (NZ) both the product and service left a lot to be desired. 17" seats I will, reasonably happily, put up with on a 3 hour flight, but 20 hours (8+6+6)? In fact the crew on Pac Blue (NZ) were just about the BEST crew I have ever flown with (the girls on JAL just shade them).

Well just IMHO

Gemuser



DC23468910;B72172273373G73873H74374475275376377L77W;A319 320321332333343;BAe146;C402;DHC6;F27;L188;MD80MD85
User currently offlineAeroflot777 From Russia, joined Mar 2004, 3015 posts, RR: 26
Reply 17, posted (4 years 10 months 2 weeks 3 days 10 hours ago) and read 1695 times:



Quoting Gemuser (Reply 16):
It could have something to do with the fact that SVO-DXB-SFO is nearly 100% further than SVO-SFO (if there are non stop flights) and 50% greater than SVO-LHR/NYC-SFO (if there are not). With these sort of kilometer differences airline rarely offer competitive fares for such a connection.

I am aware of that. But $12,000? Come freakin on. And as I mentioned, it's simply one of many times I have tried to book. Other searches involves "more easily" accessible airports.


User currently offlineShankly From United Kingdom, joined Jan 2000, 1547 posts, RR: 1
Reply 18, posted (4 years 10 months 2 weeks 3 days 9 hours ago) and read 1633 times:



Quoting Viscount724 (Reply 10):
If Pan Am had been government-owned, based in a country where there are no taxes and where unions are illegal, they might still be around

Actually the trouble with Pan Am was they never changed from the Juan Trippe era and the world did.

Quoting Aeroflot777 (Reply 15):
I really don't understand the price issue with EK

The price issue is interesting. EK is one of the few airlines I never book with direct as on-line fares are never that outstanding. My travel agent however always seems to come up with a good deal. Whats going on there? Have found the same with QR



L1011 - P F M
User currently offlineNcfc99 From United Kingdom, joined May 2005, 752 posts, RR: 0
Reply 19, posted (4 years 10 months 2 weeks 3 days 2 hours ago) and read 1529 times:

Nice news. I hope that recent dubai manage

Quoting ThrottleHold (Reply 14):
just don't get the problem people have with the 10 abreast EK 777 seating. I'm 6 ft and wide shouldered from years of playing rugby. I've flown on many 9 abreast 777 as well as EK's 10 abreast layout. I had no problem on EK and would always fly them, especially over BA's woeful product on their 777's.

I agree with that statement. I had a look on seat guru and it states that EK seats are 17", and most of the competitors are 17.5". Is 0.5" really enough for some people to get their knickers in a twist over. Having flown UK-Australia in both, it seems to be unnoticeable.

Quoting Gemuser (Reply 16):
Well that's your opinion. In mine, they suck. I would fly them again for a 40-50% discount against the next cheapest carrier, for a 30%, as this trip was, I really don't know. The big issue would be connections to where I want to go in Europe. EK do do connections MAGNIFICENTLY.

Why do they suck? (geniuine question)


User currently offlineSkyone From Mexico, joined Feb 2001, 438 posts, RR: 0
Reply 20, posted (4 years 10 months 2 weeks 3 days 1 hour ago) and read 1506 times:

Where they have 5th freedom, they usually have the best prices available. Just booked a roundtrip BKK-HKG-BKK for $465 USD all in in Business Class, almost the same price as coach. I know EK uses the 777-300 with First and Business Class lie flat seats in this route, so for me that is a steal!!! compared to the $1000 or more the rest of the airlines (except Royal Jordanian and Ethiopian who were in the $500 to $600) wanted to charge me.

So all in all, EK really does a good job pricing in some markets. Now I know why Germany told EK to raise its J fares out of that country in order to protect LH yields, as they thought EK was playing dirty.


User currently offlineLightsaber From United States of America, joined Jan 2005, 13518 posts, RR: 100
Reply 21, posted (4 years 10 months 2 weeks 3 days ago) and read 1465 times:
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Quoting Gemuser (Reply 16):
EK do do connections MAGNIFICENTLY.

I think this is why they thrive vs. EY and QR. Not that EY and QR are bad, they simply do not offer the variety of connectins EK does within their hub waves.

Lightsaber



Societies that achieve a critical mass of ideas achieve self sustaining growth; others stagnate.
User currently offlineKaitak From Ireland, joined Aug 1999, 12593 posts, RR: 34
Reply 22, posted (4 years 10 months 2 weeks 3 days ago) and read 1450 times:



Quoting Veeseeten (Reply 7):
They have thouasand aircraft orders,

er... no... no they don't! They have 130+, a large proportion of which will eventually go towards replacing current A332's, A340's and A-market B777's.

I think he was exaggerating slightly; obviously it's not 1,000 - it just seems like it! I'm just hoping that EK will mark its good results by announcing - finally - the A330-300 order that has been on and off for quite a while!


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