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EK H1 Profit Increased 351%  
User currently offlineUAEflyer From United Arab Emirates, joined Nov 2006, 1074 posts, RR: 0
Posted (3 years 10 months 3 days 11 hours ago) and read 8204 times:

The results are really impressing in this time, i am so happy for Emirates.
Just before anybody says that EK is getting support from the Government, let me tell you that the Government today under debt and have no money to support Emirates  http://www.emirates247.com/2.277/avi...mes-to-dh3-4bn-2010-11-01-1.311718

29 replies: All unread, showing first 25:
 
User currently offlineKFlyer From Sri Lanka, joined Mar 2007, 1226 posts, RR: 0
Reply 1, posted (3 years 10 months 3 days 11 hours ago) and read 8133 times:

Superb. I've never seen any other airline executive as optimistic and as focused as Tim Clark. Maurice Flanagan too, is one of the most visionary I've ever known.


The opinions above are solely my own and do not express those of my employers or clients.
User currently offlineaviationbuff From India, joined Mar 2008, 1425 posts, RR: 3
Reply 2, posted (3 years 10 months 3 days 11 hours ago) and read 8111 times:

Quoting UAEflyer (Thread starter):
Just before anybody says that EK is getting support from the Government

Oil prices are UP   

Quite impressive when many blue chip airlines are struggling.


User currently offlineAirIndia From United Arab Emirates, joined Jan 2001, 1641 posts, RR: 1
Reply 3, posted (3 years 10 months 3 days 11 hours ago) and read 8083 times:

Quoting aviationbuff (Reply 2):
Oil prices are UP

Doesn't help DXB as much as AUH........


User currently offlineChiad From Norway, joined May 2006, 1148 posts, RR: 0
Reply 4, posted (3 years 10 months 3 days 11 hours ago) and read 8053 times:

Congratulations to EK.
It seems like "all" airlines these days are increasing its profits, but EK is still in its own class.

Here are some number for Fiscal year ending 31 March 2010:

Passengers Carried: 27,4 millions
Turnover USD 11,8
Net Profit USD 961 million

Here are some number for 1h year ending 31 October 2010:

Passengers Carried: 15.5 millions
Turnover USD 7,2
Net Profit USD 925 million

And the load factor: 81.2%

Keep those A380's coming.


User currently offlinescbriml From United Kingdom, joined Jul 2003, 12502 posts, RR: 46
Reply 5, posted (3 years 10 months 3 days 11 hours ago) and read 8019 times:
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Nearly $1b profit in six months? Amazing. Well done Emirates.

The only remaining question is, why do so many "experts" here STILL question EK's business model?



Time flies like an arrow, but fruit flies like a banana!
User currently offlineQuokka From , joined Dec 1969, posts, RR:
Reply 6, posted (3 years 10 months 3 days 10 hours ago) and read 7860 times:

Quoting aviationbuff (Reply 2):
Oil prices are UP


From the link provided:

Quote:
"Fuel continues to be the most significant expenditure for the airline with operating costs up 22.6 per cent to Dh23bn."


And, as has been patiently explained many times before, aviation fuel is imported as the UAE has little refining capacity.

It is interesting tio note that there has been an improvement in Emirates Cargo, which earlier had recorded a fall in revenue despite an increase in tonnage. See http://www.emirates247.com/2.277/avi...ase-in-tonnage-2010-05-13-1.243712


User currently offlineaviationbuff From India, joined Mar 2008, 1425 posts, RR: 3
Reply 7, posted (3 years 10 months 3 days 9 hours ago) and read 7750 times:

Quoting AirIndia (Reply 3):
Doesn't help DXB as much as AUH........

I know this very well... I was pointing to the perception of some of our fellow a.netters.

Quoting UAEflyer (Thread starter):
Just before anybody says that EK is getting support from the Government,

I just added OIL to the list which already has Government Support.

 


User currently offlineBlueSky1976 From Poland, joined Jul 2004, 1876 posts, RR: 4
Reply 8, posted (3 years 10 months 3 days 7 hours ago) and read 7511 times:

Quoting scbriml (Reply 5):
The only remaining question is, why do so many "experts" here STILL question EK's business model?

Maybe because they ordered 90 A380s instead of 90 747-8i's?   



STOP TERRORRUSSIA!!!
User currently offlineRUHFlyer From Saudi Arabia, joined Mar 2007, 74 posts, RR: 0
Reply 9, posted (3 years 10 months 3 days 7 hours ago) and read 7471 times:

Quoting BlueSky1976 (Reply 8):
Maybe because they ordered 90 A380s instead of 90 747-8i's?

LOL


User currently offlinethegreatRDU From United States of America, joined Mar 2006, 2310 posts, RR: 4
Reply 10, posted (3 years 10 months 3 days 6 hours ago) and read 7341 times:

Quoting scbriml (Reply 5):

The only remaining question is, why do so many "experts" here STILL question EK's business model?

It's like it's too good to be true.....
But they operate in a strong pro-business-aviation environment arguably the best in the world....



Our Returning Champion
User currently offlineEPA001 From Netherlands, joined Sep 2006, 4723 posts, RR: 39
Reply 11, posted (3 years 10 months 3 days 6 hours ago) and read 7247 times:
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Quoting scbriml (Reply 5):
The only remaining question is, why do so many "experts" here STILL question EK's business model?


Maybe because they want to see "their favorite airline" doing better then EK? I think Ek are fantastic, even if I have never flown with them. But I know many people who have, and they are very positive about EK. But I am a Star Alliance fan (and member in the Air Miles program) so I will try SQ, LH and/or UA/CO first when booking my flights.  

But to the now published numbers I can only say "hats off to everybody at EK making this result possible".


User currently offlinelightsaber From United States of America, joined Jan 2005, 13018 posts, RR: 100
Reply 12, posted (3 years 10 months 3 days 2 hours ago) and read 6841 times:
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Quoting scbriml (Reply 5):
Nearly $1b profit in six months? Amazing. Well done Emirates.

Well done indeed.

Quoting thegreatRDU (Reply 10):
But they operate in a strong pro-business-aviation environment arguably the best in the world....

And the problem with that is? Seriously, too many nations have become anti-aviation despite the economic benefits of aviation. I can remember a time in the US when we built airports to handle the next 15 years of growth... Now people complain if an airport is expanded before it is jammed; they also complain if the expansion is large enough for 15 years of growth.

Of course, it would be prohibitively expensive to build an airport for 15 years of EK growth.     
Quoting EPA001 (Reply 11):
Maybe because they want to see "their favorite airline" doing better then EK?

I think the 'crab pot' mentality is certainly playing a part.

Quoting BlueSky1976 (Reply 8):
Maybe because they ordered 90 A380s instead of 90 747-8i's?

   The A380 orders being used as an example of EK's 'excess' amuses me when they have the world's largest 777 fleet...

Lightsaber



Societies that achieve a critical mass of ideas achieve self sustaining growth; others stagnate.
User currently offlinebeyauty From Lebanon, joined Aug 2005, 163 posts, RR: 0
Reply 13, posted (3 years 10 months 3 days 2 hours ago) and read 6760 times:

Being a resident of the UAE who travels approx. 4 times a year out of the country to various destinations in the Middle East, Europe and the USA, I have yet to find Emirates as competitive as some of the other carriers, and I have only used them once in the last 2 years and that was to LAX a few months after they launched that route and they were almost giving away the tickets. All other times I have tried to use them they were way more expensive than the competition. Despite these uncompetitive rates, they are still profitable! Kudos to them!

User currently offlineSonomaFlyer From United States of America, joined Apr 2010, 1776 posts, RR: 0
Reply 14, posted (3 years 10 months 3 days 2 hours ago) and read 6655 times:
Support Airliners.net - become a First Class Member!

Quoting aviationbuff (Reply 2):
Oil prices are UP

Quite impressive when many blue chip airlines are struggling.

There are many factors that go into an airline making or losing money. Fuel prices are an important factor but only one of many. Other airlines are still struggling due to such things as high labor costs, inefficient route systems, inefficient aircraft etc.

EK is operating out of a country which may have a more business friendly attitude vis-a-vie labor agreements but they still must buy aircraft, fuel, spare parts etc just like the other carriers. They've seized on their geographic location to funnel huge amounts of traffic from other carriers through DXB to Africa, Asia and the Pacific.


User currently offlineojas From India, joined Mar 2008, 2974 posts, RR: 24
Reply 15, posted (3 years 10 months 3 days 2 hours ago) and read 6638 times:

Hearty congratulations to EK ... and well done to all the employees.   


A lion does not concern himself with the opinions of the sheep
User currently offlinedirectorguy From Egypt, joined Jul 2008, 1672 posts, RR: 11
Reply 16, posted (3 years 10 months 3 days 1 hour ago) and read 6456 times:

Quoting BlueSky1976 (Reply 8):
Maybe because they ordered 90 A380s instead of 90 747-8i's?

Lol, operating the world's largest 777 fleet still doesn't cut them any slack.

Well done to EK. Quite clearly they've managed to weather the storm. EK may enjoy a good working relationship with the government, and there's nothing wrong with that. Quite clearly they're able to fill their planes. Now-the question remains-will they need all those planes? Not because I doubt they can fill them, but because recently more and more countries have been stingy with giving EK additional frequencies. I personally hope for the best-as a Gulf resident, for many years, EK has been a class act that surpassed any other airline in the region. Some of my fondest travel memories have been on EK-and I am sure that this is the case for many others who have enjoyed a seamless travel experience when flying Emirates. For many, travelling used to involve multiple unsavoury stops, low frequencies, high prices, all on God awful airlines. Nowadays, these same people now have high frequencies, relatively lower prices and at the very least a decent travelling experience.


User currently offlinewingman From Seychelles, joined May 1999, 2243 posts, RR: 5
Reply 17, posted (3 years 10 months 3 days ago) and read 5608 times:

Well done. The only comment I'll add is that the defensiveness of some, clearly directed at American "bashers" of EK (mentioning 748s!), is misdirected indeed. In the world of aviation the vast majority of criticism against EK comes from the very same region that sold them their 380s in the first place. If global aviation is a zero sum game in certain corners it is European carriers that will suffer the harshest consequences of EK's success, not American ones. Public commentary by airline executives supports my opinion.

User currently offlineETinCaribe From Ethiopia, joined Dec 2009, 731 posts, RR: 0
Reply 18, posted (3 years 10 months 2 days 23 hours ago) and read 5446 times:

Congrats to EK. IMHO, there are many factor to their overwhelming success: heavy marketing, good product, great location of DXB, etc. As the saying goes, "it takes money to make money": they have invested a lot in their brand (sponsorships), product (A380, T7, etc.) and they are reaping the benefits. Hats off to EK, they were bold and it is paying off.

User currently offlineThorben From , joined Dec 1969, posts, RR:
Reply 19, posted (3 years 10 months 2 days 21 hours ago) and read 4703 times:

Quoting scbriml (Reply 5):
Nearly $1b profit in six months? Amazing. Well done Emirates.

The only remaining question is, why do so many "experts" here STILL question EK's business model?

Hey, their geographic location is bad, their airport is more or less an airfield, their fleet is outdated, their service level worse than DL's, they get free fuel, free planes from Airbus, and the UAE government pays the pax to fly EK, ja?       

Now back to serious: This is a foot in the mouth to everybody saying they are about to fail. They are like a football (soccer for some) team with all the journalists saying they'll lose and lose, and they come out and win the next game 6-0.

My congratulations to EK for achieving this great result and for having built such a great and truely global carrier.

Quoting directorguy (Reply 16):
Now-the question remains-will they need all those planes?

Of course, they say they don't have enough planes at every opportunity. They also have some 60 or so planes they would like to retire sooner or later.


User currently offlineKU747 From Kuwait, joined Mar 2008, 376 posts, RR: 0
Reply 20, posted (3 years 10 months 2 days 21 hours ago) and read 4427 times:

Excellent product, New aircrafts, Big network, Multi flights destinations.

That is the way to do it.

Well done EK, Keep it going and all the best.



707,727,73all,741,742,743,744,752,753,762,763,77all,300,310,319,320,321,332,333,343,346, L10,L15,DC10,MD11,SSC,VC10
User currently offlinePresRDC From United States of America, joined Jul 1999, 660 posts, RR: 1
Reply 21, posted (3 years 10 months 2 days 20 hours ago) and read 4099 times:

While a great profit for an airline, that profit on the amount of turnover would not pass muster in many other industries. Just one of the realities of the airline business -- it eats up a lot of capital for rather weak ROI.

User currently offlineJBirdAV8r From United States of America, joined Jun 2001, 4489 posts, RR: 21
Reply 22, posted (3 years 10 months 2 days 18 hours ago) and read 3602 times:

Quoting scbriml (Reply 5):
STILL question EK's business model?

Expanding too fast or too much is the best and most spectacular way to kill a business. They're doing some things right here in the short term to be doing so well, but I'm not convinced they'll be in this same position in ten years. Not at all.



I got my head checked--by a jumbo jet
User currently offlineEmirates773ER From Pakistan, joined Jun 2005, 1449 posts, RR: 9
Reply 23, posted (3 years 10 months 2 days 18 hours ago) and read 3570 times:

Quoting JBirdAV8r (Reply 22):
Expanding too fast or too much is the best and most spectacular way to kill a business. They're doing some things right here in the short term to be doing so well, but I'm not convinced they'll be in this same position in ten years. Not at all.

I remember hearing that 5 years ago. Yet they churn profit year after year.



The Truth is Out There ---- Face It!!!!!
User currently offlineJBirdAV8r From United States of America, joined Jun 2001, 4489 posts, RR: 21
Reply 24, posted (3 years 10 months 2 days 18 hours ago) and read 3434 times:

Quoting Emirates773ER (Reply 23):
I remember hearing that 5 years ago. Yet they churn profit year after year.

Well, things were different five years ago. They've got all these brand new A380s in the pipeline in the next decade. I just don't know.



I got my head checked--by a jumbo jet
25 ronerone : Great news! Congrats to Emirates! I really wonder which one route on EK's network would be the most profitable one? Any ideas? Cheers, Roni
26 Post contains images Swallow : Predictions that EK will fail have been around pretty much since they started flying 25 yrs ago. But they are still here, churning out healthy profits
27 kevin : I guess it's no secret that some obvious destination would answer ur question. Any destination that gets 380 can go into that list since they get a l
28 david_itl : There's a bunch with 489 seats and the reminder in the fleet (so far) at 517 seats.
29 bizmark03 : well five years ago they had all these 777's in the pipeline.....actually they still do....but even though I'm really fond of EK I think their growth
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