dubaiamman243
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Sir Tim Clark: No Slowdown In 2016

Thu Jan 14, 2016 1:19 pm

After the successful 2015 Emirates had, Emirates CEO, Sir Tim Clark said no signs of slowdown in 2016 for the airline. Sir Tim has stated that the US Dollar is continuing to erode the profits while the regional conflicts are threatening to disrupt the operations.

In its half-year update in November, Emirates announced revenue was down 2.3 percent to AED 46.1 billion (US$ 12.6 billion) for the first six months of the 2015-16 financial year, from AED47.2 billion (US$ 12.9 billion) during the same period the previous year. However, profit was up 65 percent to AED 3.7 billion (US$ 1.0 billion) - one of the group’s best half-year profit performances ever, with net profit rising to AED 3.7 billion (US$ 1.0 billion).

With 20 new A380s to arrive next year, the A380 will be introduced on even more destinations, offering greater choice for our customers.
In 2016, we will also embark on an ambitious fleet retirement programme that will balance out the influx of new aircraft that we will be receiving in the next two years, including the 36 aircraft that we will take in 2016.

sources: http://www.arabianbusiness.com/us-do...e-chief-618543.html#.VpedahV97IU4.

http://www.arabianbusiness.com/sir-t...ns-of-slowdown-in-2016-617587.html
The next airline CEO :crossfingers:
 
JAAlbert
Posts: 1979
Joined: Tue Jan 31, 2006 12:43 pm

RE: Sir Tim Clark: No Slowdown In 2016

Thu Jan 14, 2016 4:20 pm

So will EK have a net positive increase in aircraft once the older aircraft are retired? I assume EK is not retiring any 380s in the next two years, which means that a number of routes will see an upgauge and perhaps some new routes as well?
 
dubaiamman243
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RE: Sir Tim Clark: No Slowdown In 2016

Sun Jan 17, 2016 10:08 am

Quoting JAAlbert (Reply 1):

and new destinations too.
The next airline CEO :crossfingers:
 
SR4ever
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Joined: Sat Mar 20, 2010 6:19 pm

RE: Sir Tim Clark: No Slowdown In 2016

Sun Jan 17, 2016 11:32 am

New destinations, yes, but not to a large extend. EK is likely to focus on its core network, through upgauges and frequency increases until they move to DWC.
 
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KarelXWB
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RE: Sir Tim Clark: No Slowdown In 2016

Mon Jan 18, 2016 11:26 am

Quoting JAAlbert (Reply 1):
So will EK have a net positive increase in aircraft once the older aircraft are retired?

Yup, the airline will retire 26 aircraft this year while adding 36 new aircraft at the same time. The new aircraft will be larger too.
What we leave behind is not as important as how we've lived.
 
dubaiamman243
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RE: Sir Tim Clark: No Slowdown In 2016

Mon Jan 18, 2016 12:35 pm

So what will they be doing with the large fleet of B77Ws. The coming A380s for sure will take over some B777 routes.
The next airline CEO :crossfingers:
 
SCQ83
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RE: Sir Tim Clark: No Slowdown In 2016

Mon Jan 18, 2016 12:38 pm

I hope they will launch AGP. It is a big gap in their European network!
 
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KarelXWB
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RE: Sir Tim Clark: No Slowdown In 2016

Mon Jan 18, 2016 12:40 pm

Quoting dubaiamman243 (Reply 5):
So what will they be doing with the large fleet of B77Ws.

Eventually the 77W fleet will be replaced by 777X jets.
What we leave behind is not as important as how we've lived.
 
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EPA001
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RE: Sir Tim Clark: No Slowdown In 2016

Mon Jan 18, 2016 12:46 pm

Quoting dubaiamman243 (Reply 5):
So what will they be doing with the large fleet of B77Ws.

With them they will open up new destinations or continue to serve the smaller destinations. They still have new B77W's arriving into the fleet. The A380's will be flying to and from cities for which mostly the B777 opened up the market first and where there is a greater demand now.  

The execution of the EK-strategy over the many years remains very impressive.

[Edited 2016-01-18 04:48:06]

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