AsiaTravel
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 6:18 am

 
EK006
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Emirates Financial Performance for 2017-2018

Wed May 09, 2018 6:18 am

https://www.instagram.com/p/Bii7otwgsNh/
https://www.emirates.com/media-centre/emirates-group-announces-2017-18-results

This is from their Instagram feed And news centre
Overall a solid performance yet again
Last edited by EK006 on Wed May 09, 2018 6:38 am, edited 1 time in total.
 
xwb777
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 6:31 am

Profits has increased 124%, AED 2.8 billion (US$ 762 million)
Passenger numbers has increased 4% to 59 million
Load Factor has increased to 77% up from 75%
 
thaiflyer
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 6:43 am

How long will it take before the Emirates bashing begins?
 
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cougar15
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 6:46 am

Wow, profit up 124%! last I heard was 106. Although that was a half year! Well, good reason to be parking all those 380s at DWC for reasons other than seasonal , MX and upgrades !
some you lose, others you can´t win!
 
abrelosojos
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 7:02 am

A seemingly good number ... but interesting to see how it adds up as they still have to pay for the parked planes. If DOC was that negative, why were they flying it in the first instance?

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SamYeager2016
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 7:51 am

Well we all know EK's accounts are a fantasy. They're not audited unlike those paragons of virtue the US airlines. I mean they don't do share buybacks to keep Wall Street happy or hold quarterly earnings calls to allow stock markets analysts to point where the airline could earn even more money by increasing ancillaries or sweating their assets more! I really don't know why the OP bothered posting this rubbish here as though it was genuine news. :stirthepot: :liar: ;)
 
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PerfectGriffin
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 11:11 am

Those are good results. Not as bad as people were expecting. Although the increase in capacity and passenger traffic is the slowest it's been in many years.
 
worldranger
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 11:43 am

Full financial disclosure - show 16 deliveries next year with 11 retirements. Pretty slow growth compared to past.

STC has mentioned the 789 in two separate interviews. EK did not order them. I’m going out on a limb and predicting 789 before 2022, possibly EY aircraft - somewhere in the 2019/20 timeframe.

They desperately need that size aircraft.

According to sources - SEA BOS & LIS all wanted 2nd daily back but with 330 size capacity, LIS settled for 77W.
 
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lightsaber
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 12:00 pm

My first impression is that shifting to DWC is a *long* way away. While this is good results for EK and compares well versus the competition, EK needs to generate $2 billion+ per year to shift to DWC due to teh high costs of building facilities to move over to.

The big deal was EK increased capacity 2%. They are no longer the Boogieman. They simply need a new airport, but that new airport costs far more than they could scrape together. A tough position to be in.

Anyone else notice cargo is about 12% of group revenue? Important, but not huge.

worldranger wrote:
Full financial disclosure - show 16 deliveries next year with 11 retirements. Pretty slow growth compared to past.

STC has mentioned the 789 in two separate interviews. EK did not order them. I’m going out on a limb and predicting 789 before 2022, possibly EY aircraft - somewhere in the 2019/20 timeframe.

They desperately need that size aircraft.

According to sources - SEA BOS & LIS all wanted 2nd daily back but with 330 size capacity, LIS settled for 77W.

EK needs more slots which will happen only with more runways to employ a smaller plane strategy. Want=pay premium fares. Cities don't necessarily want something, but the demand exists.
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lightsaber
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 12:00 pm

My first impression is that shifting to DWC is a *long* way away. While this is good results for EK and compares well versus the competition, EK needs to generate $2 billion+ per year to shift to DWC due to teh high costs of building facilities to move over to.

The big deal was EK increased capacity 2%. They are no longer the Boogieman. They simply need a new airport, but that new airport costs far more than they could scrape together. A tough position to be in.

Anyone else notice cargo is about 12% of group revenue? Important, but not huge.

worldranger wrote:
Full financial disclosure - show 16 deliveries next year with 11 retirements. Pretty slow growth compared to past.

STC has mentioned the 789 in two separate interviews. EK did not order them. I’m going out on a limb and predicting 789 before 2022, possibly EY aircraft - somewhere in the 2019/20 timeframe.

They desperately need that size aircraft.

According to sources - SEA BOS & LIS all wanted 2nd daily back but with 330 size capacity, LIS settled for 77W.

EK needs more slots which will happen only with more runways to employ a smaller plane strategy. Want=pay premium fares. Cities don't necessarily want something, but the demand exists.
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xwb777
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 12:25 pm

After announcing the results, Sheikh Ahmed Bin Saeed Al Maktoum, Chairman Emirates Group, has stated that Emirates and Etihad will be sharing some facilities at global airports outside the UAE. Talking about a possible merger between both airline he said that there are no talks regarding merger, but both airlines will cooperate together.

Emirates has also announced 'profit share' for the group employees.
 
dtw2hyd
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 12:45 pm

Hmmm. PR spending went up but brand value went down and bloggers are not happy???
 
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chrisnh
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 1:02 pm

As JetBlue fleshes out BOS (MEX and HAV upcoming), I hope EK brings its second flight back. The A380 was supposed to have been at BOS this summer but they pulled back for some reason.
 
xwb777
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 1:13 pm

Emirates Revenue by region:
Europe = 29.3%
East Asia and Australasia =27.9%
Americas = 14.7%
Africa = 10.2%
Gulf and Middle East = 9.4%
West Asia and Indian Ocean = 8.5%
 
Kashmon
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 1:21 pm

UAE should just mandate all foreign airlines must move to DWC ( except EK partners)
and provide a free express bus ( no train to DWC right?) or something for all passengers flying DWC ( sweeten the deal for other airlines)
Allow a few airlines from non cooperative countries to fly fifth freedom on some routes from DWC

This way EK will have enough room to grow and time to plan its own move to DWC
 
Planeflyer
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 1:31 pm

A company that plays to its strengths! Wish I could buy shares!
 
Etheereal
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 1:34 pm

So .. wasnt EK supposedly operating at a loss, just to compete with the US3? :stirthepot: :stirthepot:
 
dtw2hyd
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 1:36 pm

Kashmon wrote:
UAE should just mandate all foreign airlines must move to DWC ...


In case you forgot it is predominantly a sixth freedom carrier survives on BASAs granted by other countries. Not in a position to demand anything.
 
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DL747400
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 1:39 pm

Etheereal wrote:
So .. wasnt EK supposedly operating at a loss, just to compete with the US3? :stirthepot: :stirthepot:


They would be operating at a loss were it not for all of the government subsidies they receive. Strangely, I didn't see those subsidies listed in the financial statement. How very odd....
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Jayafe
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 1:40 pm

Haters gonna hate, anyway...

dtw2hyd wrote:
Kashmon wrote:
UAE should just mandate all foreign airlines must move to DWC ...

In case you forgot it is predominantly a sixth freedom carrier survives on BASAs granted by other countries. Not in a position to demand anything.


Do you seriously expect BASA's cancellation from any country because someone thinks that is better operating one airport than other? No, you don't. Oh, do you?
 
dtw2hyd
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 1:50 pm

Jayafe wrote:
Haters gonna hate, anyway...

dtw2hyd wrote:
Kashmon wrote:
UAE should just mandate all foreign airlines must move to DWC ...

In case you forgot it is predominantly a sixth freedom carrier survives on BASAs granted by other countries. Not in a position to demand anything.


Do you seriously expect BASA's cancellation from any country because someone thinks that is better operating one airport than other? No, you don't. Oh, do you?


It is called BASA for a reason, not a UASA (unilateral air services agreement). Can Chicago tell EK to go to MDW?
 
Arion640
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 1:52 pm

Kashmon wrote:
UAE should just mandate all foreign airlines must move to DWC ( except EK partners)
and provide a free express bus ( no train to DWC right?) or something for all passengers flying DWC ( sweeten the deal for other airlines)
Allow a few airlines from non cooperative countries to fly fifth freedom on some routes from DWC

This way EK will have enough room to grow and time to plan its own move to DWC


An Ex DXB ATC once told me that was the original plan.
No bumps. No bangs - Concorde
 
Etheereal
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 2:17 pm

DL747400 wrote:
Etheereal wrote:
So .. wasnt EK supposedly operating at a loss, just to compete with the US3? :stirthepot: :stirthepot:


They would be operating at a loss were it not for all of the government subsidies they receive. Strangely, I didn't see those subsidies listed in the financial statement. How very odd....

If that was the case, then why are they getting profits instead? If they're effectively getting subsidies, then those should show up as income in that case. *thinking*
 
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lightsaber
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 2:29 pm

Kashmon wrote:
UAE should just mandate all foreign airlines must move to DWC ( except EK partners)
and provide a free express bus ( no train to DWC right?) or something for all passengers flying DWC ( sweeten the deal for other airlines)
Allow a few airlines from non cooperative countries to fly fifth freedom on some routes from DWC

This way EK will have enough room to grow and time to plan its own move to DWC

Then by bilateral rules, all flights to those nations move to DWC.

Bilaterals exist to prevent such unilateral moves as you suggested. It is a standard clause. There are only two unilateral moves allowed:
1. Revert to a prior bilateral (a standard clause in almost all bilaterals).
2. Cancel a bilateral (end trade).

Neither is attractive. For example, the UK could rule all flights to and from the UK are DWC and all flights from Dubai are prohibited to use LHR. That one example shows why this is a dangerous game to consider. I can come up with many more.

Moving EK to DWC requires investing tens of billions into DWC. EK/Dubai cannot afford that.

So EK grows 2% or so a year and is no longer the aviation Boggyman.

Ghad, a scarier situation would be what India, Germany, and France would do with their bilaterals if Dubai started a trade war as you suggest. Make no mistake, you are advocating all out conflict negotiations. EK doesn't work with split traffic. Heck, FlyDubai is having to stay at DXB (mostly) as they need connections.

DXB has set up rules to be a wayport. Every airline must accept transfer passengers from every other airlines as long as the passport is valid. Those rules made Dubai a thriving hub.

In a massive trade war, Dubai would be bankrupt in two years.

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PerfectGriffin
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 2:50 pm

xwb777 wrote:
Emirates Revenue by region:
Europe = 29.3%
East Asia and Australasia =27.9%
Americas = 14.7%
Africa = 10.2%
Gulf and Middle East = 9.4%
West Asia and Indian Ocean = 8.5%


A good balance but the Americas and Africa still have much more room to grow.
 
dtw2hyd
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 3:05 pm

Etheereal wrote:
... If they're effectively getting subsidies, then those should show up as income in that case. *thinking*


Need not be a income. It could be just a sweet heart deal from an arm length sister concern.

58.5 Million passengers during 2017-18.
AED 3323 Million spent on In-flight catering and others.
AED 56.80 per passenger
USD 15.52 per passenger for a ulh/lh full service carrier.

Think about it.
 
Kashmon
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 3:11 pm

lightsaber wrote:
Kashmon wrote:
UAE should just mandate all foreign airlines must move to DWC ( except EK partners)
and provide a free express bus ( no train to DWC right?) or something for all passengers flying DWC ( sweeten the deal for other airlines)
Allow a few airlines from non cooperative countries to fly fifth freedom on some routes from DWC

This way EK will have enough room to grow and time to plan its own move to DWC

Then by bilateral rules, all flights to those nations move to DWC.

Bilaterals exist to prevent such unilateral moves as you suggested. It is a standard clause. There are only two unilateral moves allowed:
1. Revert to a prior bilateral (a standard clause in almost all bilaterals).
2. Cancel a bilateral (end trade).

Neither is attractive. For example, the UK could rule all flights to and from the UK are DWC and all flights from Dubai are prohibited to use LHR. That one example shows why this is a dangerous game to consider. I can come up with many more.

Moving EK to DWC requires investing tens of billions into DWC. EK/Dubai cannot afford that.

So EK grows 2% or so a year and is no longer the aviation Boggyman.

Ghad, a scarier situation would be what India, Germany, and France would do with their bilaterals if Dubai started a trade war as you suggest. Make no mistake, you are advocating all out conflict negotiations. EK doesn't work with split traffic. Heck, FlyDubai is having to stay at DXB (mostly) as they need connections.

DXB has set up rules to be a wayport. Every airline must accept transfer passengers from every other airlines as long as the passport is valid. Those rules made Dubai a thriving hub.

In a massive trade war, Dubai would be bankrupt in two years.

Lightsaber




No trade war

The countries that do not cooperate will lose and reduce choice for their own citizens...

plus Dubai has to work with the countries
EVERYONE will have to move to DWC eventually so any perceived loss on other countries is only short term.
Dubai should offer fifth freedom rights out of DWC to companies that kick a big fuss ( giving foreign airlines the same advantage you have)

There won't be any trade war, EK provides the largest revenue to most African and South Asian airports- they do not want that money gone.

Dubai has to do something or EK won't achieve what it wants to achieve and Dubai won't be an aviation hub
( allowing foreign countries to set up mini hubs at DWC would classify them and likely KILL Etihad)
It is a compromise on both sides
 
Kashmon
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 3:13 pm

dtw2hyd wrote:
Etheereal wrote:
... If they're effectively getting subsidies, then those should show up as income in that case. *thinking*


Need not be a income. It could be just a sweet heart deal from an arm length sister concern.

58.5 Million passengers during 2017-18.
AED 3323 Million spent on In-flight catering and others.
AED 56.80 per passenger
USD 15.52 per passenger for a ulh/lh full service carrier.

Think about it.

FOOD is cheap
I am surprised it is that high!
 
Kashmon
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 3:14 pm

If EK is getting subsidies, the Americans definitely cannot complain about it considering their top 3 airlines should not really exist....
 
airzona11
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 4:03 pm

Jayafe wrote:
Haters gonna hate, anyway...

dtw2hyd wrote:
Kashmon wrote:
UAE should just mandate all foreign airlines must move to DWC ...

In case you forgot it is predominantly a sixth freedom carrier survives on BASAs granted by other countries. Not in a position to demand anything.


Do you seriously expect BASA's cancellation from any country because someone thinks that is better operating one airport than other? No, you don't. Oh, do you?


You don't? The bilaterals are there so "someone" can't just make decisions such as this.
 
Kashmon
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 5:05 pm

IF UK did force everyone to leave LHR and other countries threaten to suspend flights, they would lose business...
traffic will move, if all foreign airlines are in a different airport with 70% less parking charges and fees , there is huge incentive, you just got to play it right....
 
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lightsaber
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 5:07 pm

Kashmon wrote:
lightsaber wrote:
Kashmon wrote:
UAE should just mandate all foreign airlines must move to DWC ( except EK partners)
and provide a free express bus ( no train to DWC right?) or something for all passengers flying DWC ( sweeten the deal for other airlines)
Allow a few airlines from non cooperative countries to fly fifth freedom on some routes from DWC

This way EK will have enough room to grow and time to plan its own move to DWC

Then by bilateral rules, all flights to those nations move to DWC.

Bilaterals exist to prevent such unilateral moves as you suggested. It is a standard clause. There are only two unilateral moves allowed:
1. Revert to a prior bilateral (a standard clause in almost all bilaterals).
2. Cancel a bilateral (end trade).

Neither is attractive. For example, the UK could rule all flights to and from the UK are DWC and all flights from Dubai are prohibited to use LHR. That one example shows why this is a dangerous game to consider. I can come up with many more.

Moving EK to DWC requires investing tens of billions into DWC. EK/Dubai cannot afford that.

So EK grows 2% or so a year and is no longer the aviation Boggyman.

Ghad, a scarier situation would be what India, Germany, and France would do with their bilaterals if Dubai started a trade war as you suggest. Make no mistake, you are advocating all out conflict negotiations. EK doesn't work with split traffic. Heck, FlyDubai is having to stay at DXB (mostly) as they need connections.

DXB has set up rules to be a wayport. Every airline must accept transfer passengers from every other airlines as long as the passport is valid. Those rules made Dubai a thriving hub.

In a massive trade war, Dubai would be bankrupt in two years.

Lightsaber




No trade war

The countries that do not cooperate will lose and reduce choice for their own citizens...

plus Dubai has to work with the countries
EVERYONE will have to move to DWC eventually so any perceived loss on other countries is only short term.
Dubai should offer fifth freedom rights out of DWC to companies that kick a big fuss ( giving foreign airlines the same advantage you have)

There won't be any trade war, EK provides the largest revenue to most African and South Asian airports- they do not want that money gone.

Dubai has to do something or EK won't achieve what it wants to achieve and Dubai won't be an aviation hub
( allowing foreign countries to set up mini hubs at DWC would classify them and likely KILL Etihad)
It is a compromise on both sides

The premium traffic is at DXB. Forcing foreign airlines to fly to another airport is explicitly prohibited in bilaterals. They must offer equal access.

EK and FlyDubai would be forced to fly from DWC. That is a given. I must disagree. What you propose is definitely a trade war.

For example, the UK proposed all foreign airlines use LGW and LHR was exclusively for British airlines. Of course everyone said no and we ended up with Bermuda II. If the UK couldn't unilaterally force competitors to a low value airport, Dubai certainly won't be allowed to. Equal access is required. Anything else is starting a trade war.

Seriously, first step is kick EK/FlyDubai out of high yeild airports. Is EK good with losing LHR? FRA?

Have you read the book The World is Flat?

Yes EVERYONE, including EK would have to move to DWC together. Or no one has to move. It really is that simple. This is why the new-IST is a rapid move in October.

Or should Turkish fly out of IST and forcevEK to SAW.

#1 strategy of diplomacy vis tit for tat that becomes a trade war. In particular if concessions we're perceived to be given for DXB access. The easiest way to understand this is imagine the UAE response if LHR was excluded to UAE airlines; it is perfectly analogous to what you propose.

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Polot
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 5:10 pm

PerfectGriffin wrote:
xwb777 wrote:
Emirates Revenue by region:
Europe = 29.3%
East Asia and Australasia =27.9%
Americas = 14.7%
Africa = 10.2%
Gulf and Middle East = 9.4%
West Asia and Indian Ocean = 8.5%


A good balance but the Americas and Africa still have much more room to grow.

Europe and East Asia/Australiasia will always be higher in terms of percent of total revenue just due to geography. Americas is farther away and has fewer natural traffic flows that EK can capture and Africa is a smaller (albeit often high yielding) market.
 
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lightsaber
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 5:17 pm

Polot wrote:
PerfectGriffin wrote:
xwb777 wrote:
Emirates Revenue by region:
Europe = 29.3%
East Asia and Australasia =27.9%
Americas = 14.7%
Africa = 10.2%
Gulf and Middle East = 9.4%
West Asia and Indian Ocean = 8.5%


A good balance but the Americas and Africa still have much more room to grow.

Europe and East Asia/Australiasia will always be higher in terms of percent of total revenue just due to geography. Americas is farther away and has fewer natural traffic flows that EK can capture and Africa is a smaller (albeit often high yielding) market.

I actually expected West Asia to be more revenue as East Asia is further away. I believe this is an artifact of India refusing to expand bilaterals.

Lightsaber
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Polot
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 6:02 pm

lightsaber wrote:
Polot wrote:
PerfectGriffin wrote:

A good balance but the Americas and Africa still have much more room to grow.

Europe and East Asia/Australiasia will always be higher in terms of percent of total revenue just due to geography. Americas is farther away and has fewer natural traffic flows that EK can capture and Africa is a smaller (albeit often high yielding) market.

I actually expected West Asia to be more revenue as East Asia is further away. I believe this is an artifact of India refusing to expand bilaterals.

Lightsaber

It can also be an artifact of how EK is splitting up revenue from connecting internaries.
 
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lightsaber
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 6:04 pm

Polot wrote:
lightsaber wrote:
Polot wrote:
Europe and East Asia/Australiasia will always be higher in terms of percent of total revenue just due to geography. Americas is farther away and has fewer natural traffic flows that EK can capture and Africa is a smaller (albeit often high yielding) market.

I actually expected West Asia to be more revenue as East Asia is further away. I believe this is an artifact of India refusing to expand bilaterals.

Lightsaber

It can also be an artifact of how EK is splitting up revenue from connecting internaries.

We agree. I should have mentioned QF among others.

EK has always made good money connecting other airline pax.

Lightsaber
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dtw2hyd
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 8:14 pm

Kashmon wrote:
...
FOOD is cheap
I am surprised it is that high!


Inflight food is NOT cheap. $15.5 won't cover one economy meal, let alone multiple meals on ULH, drinks and premium cabin Dom, Caviar and chocolates.

Can someone in catering comment on this.
 
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Jayafe
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 10:04 pm

dtw2hyd wrote:
Kashmon wrote:
...
FOOD is cheap
I am surprised it is that high!


Inflight food is NOT cheap. $15.5 won't cover one economy meal, let alone multiple meals on ULH, drinks and premium cabin Dom, Caviar and chocolates.

Can someone in catering comment on this.


Have you ran out of arguments to doom EK/ME3 in your repetitive arguments that you need to call for the cost of the meal in a balance report with nice performance?
 
Kashmon
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Re: Emirates Financial Performance for 2017-2018

Wed May 09, 2018 11:21 pm

dtw2hyd wrote:
Kashmon wrote:
...
FOOD is cheap
I am surprised it is that high!


Inflight food is NOT cheap. $15.5 won't cover one economy meal, let alone multiple meals on ULH, drinks and premium cabin Dom, Caviar and chocolates.

Can someone in catering comment on this.


Food is very cheap
Not our fault if you get ripped off at restaurants that charge you 30 dollars for a 3 course meal that only costs them 4 bucks to make.... if they had the scale and buying power of EK
 
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PerfectGriffin
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Re: Emirates Financial Performance for 2017-2018

Thu May 10, 2018 12:15 am

dtw2hyd wrote:
Kashmon wrote:
...
FOOD is cheap
I am surprised it is that high!


Inflight food is NOT cheap. $15.5 won't cover one economy meal, let alone multiple meals on ULH, drinks and premium cabin Dom, Caviar and chocolates.

Can someone in catering comment on this.


I believe EK runs the largest flight catering center in the world with many automated processes, so they lower costs there. And food costs in the UAE are generally cheap especially fruits and vegetables.
 
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lightsaber
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Re: Emirates Financial Performance for 2017-2018

Thu May 10, 2018 12:59 am

PerfectGriffin wrote:
dtw2hyd wrote:
Kashmon wrote:
...
FOOD is cheap
I am surprised it is that high!


Inflight food is NOT cheap. $15.5 won't cover one economy meal, let alone multiple meals on ULH, drinks and premium cabin Dom, Caviar and chocolates.

Can someone in catering comment on this.


I believe EK runs the largest flight catering center in the world with many automated processes, so they lower costs there. And food costs in the UAE are generally cheap especially fruits and vegetables.

Wow, one economy meal can be as little as 1.53 pounds. Call that $3 with a soft drink : faint:

http://www.dailymail.co.uk/travel/trave ... -1-53.html

I found links showing EK prepared up to 180,000 meals per day. If $15 per meal, that is $2.5 million USD per day. That is expensive! ;)

That must include drinks...

Lightsaber
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RyanairGuru
Posts: 8044
Joined: Wed Nov 01, 2006 3:59 am

Re: Emirates Financial Performance for 2017-2018

Thu May 10, 2018 4:00 am

Economy Class catering generally costs approximately $2-4 per passenger.

USD $15 sounds about right including ULH with additional catering and Business/First catering.
Worked Hard, Flew Right
 
dtw2hyd
Posts: 7319
Joined: Wed Jan 09, 2013 12:11 pm

Re: Emirates Financial Performance for 2017-2018

Thu May 10, 2018 10:45 am

Nice try though. Did some research. One Economy meal costs close to $10. Business meal close to $25. Both not including drinks.

US3 spent $4-$5 on each domestic passenger complimentary snack and soft drinks (ie., no hot meals or liquor)

https://www.express.co.uk/travel/articl ... -meal-cost

Economy ULH - two-and-half hot meals + soft drinks + liquor = $35
Economy Medium Haul- one-and-half hot meal + soft drinks + liquor =$25
Economy Short haul - one hot meal + soft drinks + liquor = $20.

These are very conservative estimates, not for world class inflight service.

ps: Dish is not a meal.
 
TheFlyingRaven
Posts: 23
Joined: Sun Mar 13, 2016 3:56 am

Re: Emirates Financial Performance for 2017-2018

Thu May 10, 2018 12:16 pm

dtw2hyd wrote:
Nice try though. Did some research. One Economy meal costs close to $10. Business meal close to $25. Both not including drinks.

US3 spent $4-$5 on each domestic passenger complimentary snack and soft drinks (ie., no hot meals or liquor)

https://www.express.co.uk/travel/articl ... -meal-cost

Economy ULH - two-and-half hot meals + soft drinks + liquor = $35
Economy Medium Haul- one-and-half hot meal + soft drinks + liquor =$25
Economy Short haul - one hot meal + soft drinks + liquor = $20.

These are very conservative estimates, not for world class inflight service.

ps: Dish is not a meal.


You're really scraping the barrel in your hunt for subsidies. So you reckon Emirates are lying about the cost of catering and that it's being subsidised. Why? What figure do you think it should cost per passenger?

Even if we take a hugely pessimistic view on costs and say that it's $45 per person, that would only triple their costs from $58.5m to $175.5m, a difference of $97m. On group profits of $1.1b, that's less than 1% of their profits. If you take it off revenue, it's something like 0.003% (I think - the numbers are getting quite big to work out off the top of my head).

So I ask again, why?

These are very conservative estimates, not for world class inflight service.


Let's not even consider that most of Emirates flights are medium-haul and, from my experiences, distinctly average in food offerings in economy and the economy of scale they have in their own catering facilities at DXB.
 
dtw2hyd
Posts: 7319
Joined: Wed Jan 09, 2013 12:11 pm

Re: Emirates Financial Performance for 2017-2018

Thu May 10, 2018 1:00 pm

TheFlyingRaven wrote:

Even if we take a hugely pessimistic view on costs and say that it's $45 per person, that would only triple their costs from $58.5m to $175.5m, a difference of $97m. On group profits of $1.1b, that's less than 1% of their profits. If you take it off revenue, it's something like 0.003% (I think - the numbers are getting quite big to work out off the top of my head).


At $45 per pax, total catering cost would jump from $904 Milion to $2.7 Billion for 58.5 Million passengers.


Let's not even consider that most of Emirates flights are medium-haul and, from my experiences, distinctly average in food offerings in economy and the economy of scale they have in their own catering facilities at DXB.


$904 Million probably fits the catering cost just for return trips originating from remote stations, where they don't have "economies of scale". At LHR, EK cannot get same rate as BA. Your own logic.

You cannot argue both ways that we provide the ultimate catering in the aviation world at the lowest cost in the world. UAE is not a major cheap food producer, very little fertile land or water.

Hence the opinion
Emirates are lying about the cost of catering and that it's being subsidised. .
 
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Jayafe
Posts: 1215
Joined: Mon Jun 26, 2017 3:12 pm

Re: Emirates Financial Performance for 2017-2018

Thu May 10, 2018 1:03 pm

dtw2hyd wrote:
Hence the opinion
Emirates are lying about the cost of catering and that it's being subsidised. .


No matter how many times and in how many topics a lie is repeated, it'll still be a lie.
 
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enilria
Posts: 9698
Joined: Fri Feb 22, 2008 7:15 pm

Re: Emirates Financial Performance for 2017-2018

Thu May 10, 2018 1:32 pm

EK006 wrote:
https://www.instagram.com/p/Bii7otwgsNh/
https://www.emirates.com/media-centre/emirates-group-announces-2017-18-results

This is from their Instagram feed And news centre
Overall a solid performance yet again

One point not made is that the airspace screwing of Qatar Airways was a huge boon to EK. They benefited more than anybody. TK second I would suspect.
 
Pbb152
Posts: 643
Joined: Sat Feb 19, 2000 2:57 pm

Re: Emirates Financial Performance for 2017-2018

Thu May 10, 2018 1:52 pm

Jayafe wrote:
dtw2hyd wrote:
Hence the opinion
Emirates are lying about the cost of catering and that it's being subsidised. .


No matter how many times and in how many topics a lie is repeated, it'll still be a lie.


Please provide proof to your supposition or you have as little credibility as those you are attacking.
 
TheFlyingRaven
Posts: 23
Joined: Sun Mar 13, 2016 3:56 am

Re: Emirates Financial Performance for 2017-2018

Thu May 10, 2018 3:18 pm

Sorry all. I posted a long reply to dtw, but realised no one cares and I'm just feeding the trolling so decided to delete it.

Mods, feel free to delete this post.

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