Tag Archives: Emirates Airline

Emirates Group reports a half-year net loss of AED 5.7 billion ($1.6 billion)

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Emirates Group released this financial report:

  • Group: Revenue up 81% to AED 24.7 billion (US$ 6.7 billion), and loss of AED 5.7 billion (US$ 1.6 billion) after last year’s loss of AED 14.1 billion (US$ 3.8 billion). Substantially improved results reflect recovery across all business segments and easing of COVID-19 pandemic travel restrictions worldwide.
  • Emirates: Revenue up 86% to AED 21.7 billion (US$ 5.9 billion), and loss of AED 5.8 billion (US$ 1.6 billion) compared to AED 12.6 billion (US$ 3.4 billion) loss for the same period last year. Revenue recovery supported by increasing passenger demand and continuous strong cargo business.
  • dnata: Revenue up 55% to AED 3.7 billion (US$ 1 billion), profit of AED 85 million (US$ 23 million) after last year’s loss of AED 1.5 billion (US$ 396 million), as operations across all dnata business units globally recover from the substantial impact of COVID-19.

 

The Emirates Group today announced its half-year results for its 2021-22 financial year.

Group revenue was AED 24.7 billion (US$ 6.7 billion) for the first six months of 2021-22, up 81% from AED 13.7 billion (US$ 3.7 billion) during the same period last year. This strong revenue recovery was underpinned by the easing of travel restrictions worldwide and the corresponding increase in demand for air transport as countries progressed their COVID-19 vaccination programs.

The Group is reporting a 2021-22 half-year net loss of AED 5.7 billion (US$ 1.6 billion), substantially improved from its AED 14.1 billion (US$ 3.8 billion) loss for the same period last year.

The Group also reported an EBITDA of AED 5.6 billion (US$ 1.5 billion), a dramatic turnaround from a negative AED 43 million (US$ 12 million) EBITDA during the same period last year, illustrating its strong return to operating profitability.

The Group continued to maintain a healthy cash position which stood at AED 18.8 billion (US$ 5.1 billion) on 30 September 2021, compared to AED 19.8 billion (US$ 5.4 billion) as on 31 March 2021.

His Highness (HH) Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group said: “As we began our 2021-22 financial year, COVID-19 vaccination programs were being rolled out at unprecedented scale around the world. Across the Group, we saw operations and demand pick up as countries started to ease travel restrictions. This momentum accelerated over the summer and continues to grow steadily into the winter season and beyond.

“Our cargo transport and handling businesses continued to perform strongly, providing the bedrock upon which we were able to quickly reinstate passenger services. While there’s still some way to go before we restore our operations to pre-pandemic levels and return to profitability, we are well on the recovery path with healthy revenue and a solid cash balance at the end of our first half of 2021-22.

Sheikh Ahmed added: “We would like to thank our customers for their continued support, as well as all our aviation and travel industry stakeholders and partners for their efforts that have made it possible for international air travel to resume safely and smoothly.”

“Our ability to pivot and pull through the toughest period in our history to date, can be attributed to Emirates’ and dnata’s strong brands, high quality products and services, digital and innovation capabilities, and our amazing people. We intend to continue investing in these core areas to take our business into the future, together with the leaner processes and new technology capabilities that we’ve implemented in the past months.”

The Emirates Group has been able to tap on its own strong cash reserves, and access funding through its Owner and the broader financial community to support its business needs through the unprecedented challenges wrought on the aviation and travel industry by COVID-19. In the first half of 2021-22, its Owner further injected AED 2.5 billion (US$ 681 million) into Emirates by way of an equity investment and they continue to support the airline on its recovery path.

The Emirates Group’s employee base, compared to 31 March 2021, dropped marginally by 2% to an overall count of 73,571 at 30 September 2021. In line with the expected ramp up in capacity and business activities in the coming months, Emirates and dnata have embarked on targeted recruitment drives to support its requirements, prioritizing the rehiring of employees previously on furlough or made redundant.

Emirates airline

During the first six months of 2021-22, Emirates took delivery of 2 new A380s and retired 2 older aircraft from its fleet as part of its long-standing strategy to improve overall efficiency, minimize its emissions footprint, and provide high quality customer experiences.

With a clear focus on restoring its passenger network and connections through its Dubai hub, Emirates responded with agility whenever travel restrictions lifted to restart services or layer on additional flights. In July, it launched services to Miami, a new destination, and during the first half of 2021-22, Emirates also activated codeshare and interline partnerships with Airlink, Aeromar, Azul, Cemair and South African Airways to expand connectivity options for customers.

By September 30, 2021, the airline was operating passenger and cargo services to 139 airports, utilizing its entire Boeing 777 fleet and 37 A380s.

Emirates also continued to introduce initiatives that improve travel experience, boost customer confidence, and enable secure and efficient operations. In June, Emirates became the first airline to sign up for the worldwide implementation of the IATA Travel Pass, in addition its ongoing investments in additional biometric and other digital verification technologies at Dubai Airport.

For its premium customer and frequent flyers, Emirates reinstated more of its signatures Lounge and Chauffeur Drive services at key airports outside of Dubai, and it also launched an online subscription platform “Skywards+”, to offer its 27 million members easy access to customized rewards and privileges.

Overall capacity during the first six months of the year increased by 66% to 16.3 billion Available Tonne Kilometers (ATKM) due to a substantially expanded flight program as more countries eased travel and flight restrictions. Capacity measured in Available Seat Kilometers (ASKM), more than tripled by 250%, whilst passenger traffic carried measured in Revenue Passenger Kilometers (RPKM) was up by 335% with average Passenger Seat Factor recovering to 47.9%, compared with last year’s pandemic figure of 38.6%.

Emirates carried 6.1 million passengers between 1 April and 30 September 2021, up 319% from the same period last year. The volume of cargo uplifted at 1.1 million tonnes has increased by 39%, which brings the business back to 90% of pre-pandemic (2019) levels by volume handled. This shows Emirates Skycargo’s outstanding agility and ability to meet the requirements of its customers whether it be for the transport of vaccines and pharmaceuticals, essential goods like food and perishables, or champion horses and high performance cars.

In the first half of 2021-22, Emirates Skycargo boosted its pharma cool chain handling infrastructure with the addition of 94 cool room pallet positions to its existing EU GDP compliant infrastructure at Dubai airport. Emirates Skycargo continues to support the global roll-out of COVID-19 vaccines, having carried over 150 million doses through its Dubai hub by July 2021.

In the first half of the 2021-22 financial year, Emirates loss was AED 5.8 billion (US$ 1.6 billion), compared to last year’s loss of AED 12.6 billion (US$ 3.4 billion). Emirates revenue, including other operating income, of AED 21.7 billion (US$ 5.9 billion) was up 86% compared with the AED 11.7 billion (US$ 3.2 billion) recorded during the same period last year. The strong revenue recovery reflects quick return of passenger demand wherever flight and travel restrictions were eased around the world.

Emirates operating costs increased by 22% against an overall capacity growth of 66%. Fuel costs more than doubled compared to the same period last year. This was primarily due to an 81% higher fuel uplift in line with substantially increased flight operations during the six-month period up to end of September, and also an increase in average oil prices. Fuel, which was the largest component of the airline’s operating cost in pre-pandemic reporting cycles, accounted for 20% of operating costs compared to only 11% in the first six months of last year.

Driven by the significant increase in operations during the six months, Emirates’ EBITDA recovered to AED 5.0 billion (US$ 1.4 billion) compared to AED 290 million (US$ 79 million) for the same period last year.

dnata

dnata’s businesses in cargo and ground handling, catering and retail, and travel services saw demand return quickly wherever pandemic-related flight and travel restrictions were eased. Demonstrating the agility and capability of its highly skilled teams, dnata was able to respond quickly to customer needs with high quality services – from supporting its airline customers in reinstating flight operations safely and smoothly, to helping customers book their long-awaited travel plans.

dnata also continued to invest in critical infrastructure to deliver more efficient world class services to its customers. In the first six months of 2021-22, dnata opened a 5,000 square meter workshop dedicated to providing advanced maintenance for airside passenger buses at Dubai airport.

dnata’s revenue, including other operating income, was AED 3.7 billion (US$ 1 billion), a 55% increase compared to AED 2.4 billion (US$ 644 million) last year.

Overall profit for dnata is AED 85 million (US$ 23 million), compared to last year’s loss of AED 1.5 billion (US$ 396 million).

dnata’s airport operations remains the largest contributor to revenue with AED 2.5 billion (US$ 688 million), a 52% increase as compared to the same period last year. Across its operations, the number of aircraft handled by dnata increased sharply by 116% to 222,668, and it handled 1.4 million tonnes of cargo, up 9%.

dnata’s flight catering and retail operation, contributed AED 766 million (US$ 209 million) to its revenue, up 80%. The number of meals uplifted doubled to 16.6 million meals for the first half of the financial year after last year’s 8.3 million.

dnata’s travel division contributed AED 147 million (US$ 40 million) to revenue after AED 95 million (US$ 26 million) for the same period last year, up 55%. The division reported an underlying total transactional value (TTV) sales of AED 726 million (US$ 198 million), after an exceptional negative TTV of AED 246 million (US$ 67 million) for the same period last year which was caused by the significant volumes of refunds and pay-out in cancelled customer bookings at the beginning of the pandemic in 2020.

Top Copyright Photo: Emirates Airline Airbus A380-861 A6-EEU (msn 147) (Dubai Expo – Oct 2021 – Mar 2022) ZRH (Rolf Wallner). Image: 955680.

Emirates aircraft slide show:

Emirates aircraft photo gallery:

Photo: Emirates Airline Airbus A380-861 A6-EEU (msn 147) (Dubai Expo – Oct 2021 – Mar 2022) ZRH (Rolf Wallner). Image: 955680.

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Copyright Photo: Right side: Emirates Airline Airbus A380-861 A6-EEU (msn 147) (Dubai Expo – Oct 2021 – Mar 2022) ZRH (Rolf Wallner). Image: 955680.

 

Photo: Emirates Airline Airbus A380-861 A6-EVE (msn 250) (ICC Men’s T20 World Cup 2021) LHR (Antony J. Best). Image: 955666.

2021 "ICC Men's T20 World Cup 2021" promotional livery

Copyright Photo: Emirates Airline Airbus A380-861 A6-EVE (msn 250) (ICC Men’s T20 World Cup 2021) LHR (Antony J. Best). Image: 955666.

QANTAS and Emirates extend their partnership

QANTAS Airways and Emirates Airline have announced they will extend their cornerstone partnership for another five years, meaning customers and frequent flyers of both airlines will have access to an expansive joint network, and millions of reward seats to travel across Australia, New Zealand, Europe and the UK.

The agreement was signed by Emirates President Tim Clark and Qantas Group CEO Alan Joyce at the International Air Transport Association Annual General Meeting in Boston.

The airlines have existing approvals from regulators to operate a joint business until March 2023. Qantas and Emirates will seek re-authorization from relevant regulators, including the Australian Competition and Consumer Commission, to continue the core elements of the partnership including coordination of pricing, schedules, sales and tourism marketing on approved routes until 2028. The deal includes an option to renew for another five years beyond that.

Together, both airlines are making millions of reward seats available for frequent flyers to access more than 100 destinations to using their Qantas Points or Skywards Miles, which many have been stockpiling throughout the pandemic.

For Emirates customers, the deal provides access to over 55 Australian destinations that Emirates does not fly to, and Qantas customers are able to fly on Emirates to Dubai and access over 50 cities in Europe, the Middle East and North Africa, that Qantas does not fly to.

As Qantas and Emirates recover from the impact that COVID-19 has had on their respective businesses, the partnership will continue to deliver financial upside for both airlines.

This year, Emirates is celebrating 25 years of flying to Australia, transporting more than 39 million passengers between Australian cities, including Sydney, Melbourne, Brisbane and Perth, and other destinations via its Dubai hub since 1996. Emirates has continued to display its strong commitment to the Australian market increasing the size of its operations from three flights a week when it initially launched in 1996 in Melbourne, peaking to over 100 flights per week prior to the pandemic.

Benefits of Qantas and Emirates partnership

Since 2013, more than 13 million passengers have travelled on the joint network, traveling more than 87 billon kilometers.

On average more than 13,000 Emirates passengers have travelled on Qantas’ domestic and regional services within Australia each month.

Together, Qantas and Emirates provide customers with more than 100 codeshare destinations including:

  • 38 codeshare destinations in the UK and Europe, including Rome, Zurich and Barcelona
  • 55 codeshare destinations in Australia and New Zealand
  • 13 codeshare destinations in Africa and the Middle East
  • 2 codeshare destinations in Asia

 

Photo: Emirates Airline Airbus A380-861 A6-EEU (msn 147) (Be part of the magic – Dubai Expo) CDG (Manuel Negrerie). Image: 955380.

"Be part of the magic" (left) - Dubai Expo

Copyright Photo: Emirates Airline Airbus A380-861 A6-EEU (msn 147) (Be part of the magic – Dubai Expo) CDG (Manuel Negrerie). Image: 955380.

The painting of A6-EEU:

Emirates ramps up US flights from October to meet increasing demand

Emirates Airline Airbus A380-861 A6-EEA (msn 108) (Expo 2020 Dubai UAE) MUC (Gunter Mayer). Image: 955166.

Emirates is increasing flight frequencies to a number of US destinations from October. The airline has been building up connectivity in response to growing customer demand on the back of rising travel confidence and the easing of international travel protocols. There has also been a growing interest from US travelers to visit Dubai, a city that offers something for everyone and will be hosting a number of major events including the World Expo this winter.

October operations: Starting from October, Emirates will be operating 78 weekly flights to 12 destinations in the US with an increase in weekly flights scheduled for Boston (BOS), Dallas/Fort Worth (DFW), New York (JFK), San Francisco (SFO), Seattle/Tacoma (SEA) and Washington DC (IAD) as follows:

  • Boston: five weekly flights, increasing from four flights a week
  • Dallas/Fort Worth: five weekly flights, increasing from four flights a week
  • New York: 19 weekly flights, increasing from 18 flights a week (including flights connecting Milan and New York)
  • San Francisco : five weekly flights, increasing from four flights a week
  • Seattle/Tacoma: five weekly flights, increasing from four flights a week
  • Washington Dulles: five weekly flights, increasing from four flights a week

Emirates has already restored pre-COVID-19 daily flight frequencies to Chicago, Los Angeles and on the routes connecting Athens-Newark and Milan-New York.

Always a customer favorite, Emirates’ flagship A380 aircraft featuring the signature Onboard Lounge and Shower Spa will be flying to the US 24 times a week (12 flights to JFK, 7 flights to LAX and 5 flights to IAD) from October.

Winter season ramp-up: The airline is planning to further supplement its capacity for the winter season in line with customer demand and travel trends. By early December, Emirates will have restored more than 90% of its pre-COVID flight frequencies to the US with daily flights added to Boston, Dallas/Fort Worth, Houston, San Francisco, Seattle/Tacoma and Washington Dulles in addition to double daily flights to New York.

Customers from the US will also have more opportunities to fly on the airline’s iconic Airbus A380 aircraft from November with 35 weekly flights. Emirates’ flights between Milan and New York will also be upgraded to the A380 from October 31 resulting in New York being served three times a day by the double decker aircraft. In addition to Los Angeles, New York and Washington DC, the Airbus A380 will return daily to San Francisco from December 2021.

With this step up in flights, Emirates customers traveling to and from the US on holiday, for work or for visiting family and friends now have additional options for connecting to their destinations. Additionally, through its codeshare agreement with JetBlue, Emirates customers can enjoy seamless connectivity to over 63 destinations in the US and more than 100 destinations through its interline agreement with Alaska Airlines.

Top Copyright Photo: Emirates Airline Airbus A380-861 A6-EEA (msn 108) (Expo 2020 Dubai UAE) MUC (Gunter Mayer). Image: 955166.

Emirates aircraft slide show:

Emirates seeks 3,000 cabin crew and 500 airport services employees to support operations ramp-up

Emirates Airline Boeing 777-31H ER A6-EGB (msn 38985) (Expo 2020 Dubai UAE) MUC (Gunter Mayer). Image: 955096.

Emirates has made this announcement:

To support its planned ramp-up operations, Emirates has begun a worldwide campaign to recruit 3,000 cabin crew and 500 airport services employees to join its Dubai hub over the next six months.

These roles are Dubai-based positions and frontline customer-facing roles, and both jobs offer exciting opportunities for friendly, energetic, and service-oriented people to meet and interact with the world as Emirates’ brand ambassadors. Candidates interested in joining Emirates as cabin crew or as an airport services agent can find out more about the job requirements and submit their application on www.emiratesgroupcareers.com.

Emirates has gradually restored its network operations in line with the easing of travel restrictions around the world, and over the past months, it has been recalling pilots, cabin crew and other operational employees who were stood down when the pandemic forced a drastic reduction in flights last year.

The airline currently flies to over 120 cities, representing 90% of its pre-pandemic network, and it plans to restore 70% of its capacity by the end of the year, including bringing back more of its iconic A380 aircraft into active service.

One of the most dynamic global cities, Dubai has also led the world in its response to the pandemic thanks to its strong leadership and public-private sector cooperation. The rapid vaccination roll-out in the United Arab Emirates, and clear pandemic protocols have enabled Dubai to quickly and safely re-open to international tourism and business activities since July 2020.

Top Copyright Photo: Emirates Airline Boeing 777-31H ER A6-EGB (msn 38985) (Expo 2020 Dubai UAE) MUC (Gunter Mayer). Image: 955096.

Emirates aircraft slide show:

Emirates announces start of scheduled daily Airbus A380 service to Istanbul

"50 Years UAE"

Emirates, the world’s largest international airline, announced today that it will introduce the first scheduled commercial Airbus A380 service to Istanbul, Turkey from October 1, 2021.

Emirates will operate the A380 on its daily EK123/124 service. Flight EK123 will depart Dubai at 10:45 and arrive in Istanbul at 14:25. The return flight EK124 will depart Istanbul at 16:25 and arrive in Dubai at 21:50. All times are local.

Deploying its three-class A380, Emirates will offer a total of 517 seats, with 14 private suites in First Class, 76 mini pods with lie-flat seats in Business Class and 427 spacious seats in Economy Class, increasing capacity per flight by more than 150 passengers compared to the current Boeing 777-300ER.

Emirates is the world’s largest operator of A380s, with 118 currently in its fleet.

As international borders reopen and travel restrictions ease, Emirates has gradually resumed passenger services and will be operating 17 weekly passenger flights from Dubai to Istanbul, including two daily flights and at three time channels – morning, afternoon and evening. The A380 will operate in the morning and will bring the total weekly capacity on the route to 7,000 seats in each direction.

Top Copyright Photo: Emirates Airline Airbus A380-842 A6-EVG (msn 256) (50 Years UAE) IAD (Brian McDonough). Image: 955000.

Emirates aircraft slide show:

Photo: Emirates Airline Airbus A380-842 A6-EVG (msn 256) (50 Years UAE) CDG (Manuel Negrerie). Image: 954810.

"50 Years of United Arab Emirates"

Copyright Photo: Emirates Airline Airbus A380-842 A6-EVG (msn 256) (50 Years UAE) CDG (Manuel Negrerie). Image: 954810.