A‘tough’ year, amid a stuttering economic climate in the Emirate: that is how Emirates Airlines explained a 69 per cent drop in net profits.
However, the optimism for the coming times does not seem to have been much impacted. Emirates’ President Sir Tim Clark was candid enough to point out, “We haven’t been growing at the pace we used to because of geopolitical issues in the region and elsewhere. But that’s given us time to take stock of what the network is going to look like in five to ten years, and what the fleet fit in that network and the type of aircraft is going to be,” he told media persons at the 2019 Arabian Travel Market.
The losses notwithstanding, Emirates continued its winning streak when it took top honours by sweeping five awards at the Business Traveller Middle East Awards 2019. The airline took home awards for Airline with the Best First Class, Airline with the Best Economy Class, Airline with the Best Frequent Flyer Program and Best Airport Lounge in the Middle East. The airline also took home the coveted award of Best Airline Worldwide.
The airlines had posted $237mn in net profits for the financial year ending in March compared to $765m in the previous year. “2018-19 has been tough, and our performance was not as strong as we would have liked,” Sheikh Ahmed bin Saeed al-Maktoum, the Chairman and Chief Executive of Emirates Group, had said in a statement.The airline said that the strengthening of the US dollar against most of the currencies of its key markets eroded $156m from profits. It’s fuel bill increased by 25 percent to $8.4bn, its biggest ever.
هذه القصة مأخوذة من طبعة June 2019 من Cruising Heights.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة June 2019 من Cruising Heights.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Adani Airport Thales Forge Strategic Partnership to Improve Airport Operations and Passenger Experience in India
Adani Airport Holdings Limited (AAHL), the largest private airport operator in India, and Thales, a global leader in advanced technologies, today announced a strategic partnership to revolutionise AAHL’s international airport operations and passenger experience across the country.
ADVANCING AIR MOBILITY OVERCOMING CHALLENGES, SEIZING OPPORTUNITIES
Advanced Air Mobility (AAM), as analysed by M P RAJASEKHARAN, explores solutions for reducing urban congestion and enhancing access to remote locations through sustainable, automated air transport systems, addressing key challenges and future opportunities in this evolving sector.
ON THE CUSP OF GROWTH
The growth of regional airlines in India will increase the market for regional jetliners.
BOEING STRIKE DISRUPTS INDIAN CARRIERS' EXPANSION PLANS
The Boeing machinist strike has stalled aircraft deliveries, directly affecting Akasa Air and Air India Express, both of which are now facing delays in their fleet expansion efforts, highlights
REGIONAL AIRPORTS MUSHROOMING WITH CHALLENGES GALORE
Karnataka's push for regional air connectivity has led to a surge in airport infrastructure, yet many of these airports face challenges like fluctuating demand and limited flight frequencies. While the UDAN scheme has supported growth, the long-term viability of several regional airports remains uncertain, highlights
'PHARMACY OF THE WORLD' SUPPLY CHAIN WOES
India's pharmaceutical sector, has achieved remarkable growth, but faces significant supply chain hurdles, including high logistics costs and limited cold chain facilities. Addressing these challenges is essential to sustain its global impact and future expansion, reports
BUMPER WINTER AHEAD FOR INDIAN CARRIERS
The DGCA's winter 2024 schedule approves 25,007 weekly flights, marking growth for Indian carriers, with Air India Express leading in expansion and Vistara set to merge with Air India, analyses
AIRPORT ADVANCEMENT
Indian airports are placing a greater emphasis on digitalisation and enhancing their eco-friendly credentials, updates
THROTTLING AHEAD
The situation with the grounding of Pratt & Whitney GTF engines is now trending downwards, a report
Connecting cities to airports HELI-TAXIS ARE OUT, AIR TAXIS ARE IN
As heli-taxis falter, electric air taxis promise to transform urban connectivity. Yet, scalability, regulations, and operational challenges must be overcome for them to deliver efficient, affordable city-airport travel, reviews