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Emirates Posts First 6 Months Results  
User currently offlineChiad From Norway, joined May 2006, 1079 posts, RR: 0
Posted (1 year 5 months 1 week 4 days 21 hours ago) and read 817 times:

Air Transport World reports EK's first half result.

http://atwonline.com/airline-finance...irates-posts-strong-1h-profit-1112

Some key numbers:
Net profits: AED1.7 billion ($464 million)

ASKs +17.3%
RPKs +17.8%
Load factors 80%
Passengers carried 18.7 (+15.4% for the same period last year)
Cargo volumes +16%

More information can be found here:
http://www.emirates.com/uk/english/a...tail.aspx?article=1037333&offset=0

10 replies: All unread, jump to last
 
User currently offlineDFWHeavy From United States of America, joined Jul 2011, 560 posts, RR: 0
Reply 1, posted (1 year 5 months 1 week 4 days 15 hours ago) and read 817 times:

Very Impressive. Go Emirates!!

Now it would be great if they upgauged DXB-DFW to a 77W from the 77L.

Does anyone know how loads are doing on this route?



Christopher W Slovacek
User currently offlineKaiTak747 From Switzerland, joined Aug 2012, 156 posts, RR: 0
Reply 2, posted (1 year 5 months 1 week 4 days 14 hours ago) and read 817 times:

Extremely impressive... keep it up Emirates. Very impressed with the 80% load factor, shows there's still a lot of room to grow!

User currently offlineEK413 From Australia, joined Nov 2003, 4698 posts, RR: 4
Reply 3, posted (1 year 5 months 1 week 4 days 13 hours ago) and read 817 times:

Congratulations EK... Certainly shows there is room for 90+ A380s!

EK413



Good evening, ladies and gentlemen. We are tonight’s entertainment!
User currently offlinejetblueguy22 From United States of America, joined Nov 2007, 2655 posts, RR: 4
Reply 4, posted (1 year 5 months 1 week 4 days 12 hours ago) and read 817 times:
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I can't get over this airline. They consistently shock me with their numbers. I can't believe they can continually fill 777s and A380s like how they do. Though one still has to wonder how much longer can they sustain this growth? Though I swear every time I see numbers like this I think, they can't possibly top these right?
Blue



You push down on that yoke, the houses get bigger, you pull back on the yoke, the houses get bigger- Ken Foltz
User currently offlinesomething From United Kingdom, joined May 2011, 1633 posts, RR: 21
Reply 5, posted (1 year 5 months 1 week 4 days 11 hours ago) and read 819 times:

Quoting jetblueguy22 (Reply 4):
Though one still has to wonder how much longer can they sustain this growth?

Their growth rate will decline progressively, but that isn't relevant. What is relevant is that with every new airplane EK buys, with every new destination they launch, with every extra frequency they introduce, they will become more and more attractive to more and more customers. I am rather ''worried'' about the future of their competitors from Qatar, Abu Dhabi, Bahrain and Oman. If EK runs 2x A388 on CPH-DXB, their cost base will just be so much lower that any Qatar A332 or Gulf A320 won't stand a chance to compete on fare - and with EK's operation ever growing, certainly not on convenience. I believe that even today those carriers can only sustain themselves 'cause they run on prestige rather than on profitability.

Did you know that EK Cargo is number 2 after FedEx and bigger than Korean, UPS, etc.?

I may have a strong aversion to the UAE, but what they're doing with their airline is nothing short of incredible.



..sick of it. -K. Pilkington.
User currently offlinefiscal From Australia, joined Oct 2009, 315 posts, RR: 0
Reply 6, posted (1 year 5 months 1 week 4 days 8 hours ago) and read 819 times:

I wonder how much the profit would drop if they did not price gouge on premium round trips out of Australia? It still makes me annoyed when I see what others pay to come here but we are slugged doing the journey the other way around.

User currently onlineRyanairGuru From Australia, joined Oct 2006, 4726 posts, RR: 4
Reply 7, posted (1 year 5 months 1 week 4 days 8 hours ago) and read 819 times:

Quoting jetblueguy22 (Reply 4):
one still has to wonder how much longer can they sustain this growth?

The flipside, one only has to look at a map to see how many cities they don't serve.

Whole swathes of China for a start. In fact, they have holes in their network across South East and East Asia. They've bared tapped Latin America, and even in the USA there are major population centres they haven't considered yet (MIA, ORD, BOS etc). There is still room for more growth in Africa. They've largely ignored the CIS. You get my point...

I remember reading a biography of Ryanair 10 years ago, when they looked like the couldn't grow any faster and people were questioning how much longer they could keep it up for etc etc. Look at a 2012 FR routemap compared to a 2002 one!

Quoting fiscal (Reply 6):
I wonder how much the profit would drop if they did not price gouge on premium round trips out of Australia? It still makes me annoyed when I see what others pay to come here but we are slugged doing the journey the other way around.

hahaha so true, although that isn't actually just an EK phenomenon.



Worked Hard, Flew Right
User currently offlinelightsaber From United States of America, joined Jan 2005, 12444 posts, RR: 100
Reply 8, posted (1 year 5 months 1 week 4 days 7 hours ago) and read 819 times:
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One thing that strikes me is that EK *only* service 19 destinations with the A380. That implies those 19 destinations are being used to feed connections to the rest of the network. Not a surprise really, but it does show high concentration of A380 usage. To think how we used to argue that only 30 airports would be A380 ready... that would be plenty for EK!  Wink (Note: far more airports found cheap ways to be A380 ready when the public funds didn't arrive. e.g., ATL.)

Quoting jetblueguy22 (Reply 4):
I can't get over this airline. They consistently shock me with their numbers. I can't believe they can continually fill 777s and A380s like how they do. T

Read their annual reports. It reads like Starbucks or Home Depot. In other words, as a 'numbers run corporation.' EK has the pulse on where to make money and how... They have shown they will cut routes and not hold out for prestige.

Quoting something (Reply 5):
I am rather ''worried'' about the future of their competitors from Qatar, Abu Dhabi, Bahrain and Oman. If EK runs 2x A388 on CPH-DXB, their cost base will just be so much lower that any Qatar A332 or Gulf A320 won't stand a chance to compete on fare - and with EK's operation ever growing, certainly not on convenience. I believe that even today those carriers can only sustain themselves 'cause they run on prestige rather than on profitability.

100% agree. The issue with the other carriers is they are operating on 'slow speed.' EK works much faster setting up the contracts and adjusting service to demand. EK also has a more consistent strategy and has worked hard to build the infrastructure to go with the airborne product (e.g., lounges). Take QR's schizophrenia toward first class. While EK has lost money in quite a few cities and been hit and miss in others, overall EK is one of the few airlines that seems to do Ok with first class. Most are losing their shirt! (Then there is SQ who somehow prints money with first and is in a league of their own.)

Quoting something (Reply 5):
Did you know that EK Cargo is number 2 after FedEx and bigger than Korean, UPS, etc.?

Bigger than UPS?!? I missed that milestone. Interesting. To think they are huge because of flowers and their willingness to invest in the climate control to handle flowers which led to EK dominating other 'temperature sensitive' cargo (e.g., pharma). All because their competitors went for the prestigue of 1st class what EK had teams working on belly revenue...

Quoting RyanairGuru (Reply 7):
The flipside, one only has to look at a map to see how many cities they don't serve.

Whole swathes of China for a start.

Clark is complaining that EK isn't able to garner the rights to fly to more cities in China. I personally believe it would benefit China to let EK fly to another 6 to 10 cities in that nation, but the party doesn't see things my (or EK's) way. If/when EK gains more rights to China, expect an explosion of growth. There is also quite a bit of potential in Russia too...

I see plenty of growth opportunity for EK. However, their infrastructure is going to max out soon as Dubai simply doesn't have the funds to invest in DWC today and DXB's 3 most popular hub waves are getting congested. Yes, concourse 3 will help (a lot with the A380s). For the first time, I question how EK will keep up the growth. Watch them prove me wrong by make a mid-day 5th wave and growing wave #4 and #5.  

Lightsaber

[Edited 2012-11-13 21:25:02]


I've posted how many times?!?
User currently offlineanstar From United Kingdom, joined Nov 2003, 5081 posts, RR: 6
Reply 9, posted (1 year 5 months 1 week 4 days 3 hours ago) and read 819 times:

Quoting fiscal (Reply 6):
I wonder how much the profit would drop if they did not price gouge on premium round trips out of Australia? It still makes me annoyed when I see what others pay to come here but we are slugged doing the journey the other way around.

All airlines do that EX Australia as that isnwhat the market is willing to pay. It is not just EK that do it - QF is especially bad at it.


User currently offlinefiscal From Australia, joined Oct 2009, 315 posts, RR: 0
Reply 10, posted (1 year 5 months 1 week 3 days 13 hours ago) and read 817 times:

Quoting anstar (Reply 9):
All airlines do that EX Australia as that isnwhat the market is willing to pay. It is not just EK that do it - QF is especially bad at it.

True, but I think it has become a subtle way of price fixing. There now seems to be a level at which none of the airlines are prepared to go below, even though it is much higher than the reverse routing.


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