Emirates Airline's business figure up 10%

The Emirates Group announced today its half-year results 2018/2019, which showed steady growth in its business turnover compared to the same period of the previous year, but the profits were affected by the sharp rise in oil prices, the fluctuation of exchange rates in some markets and other challenges faced by the carrier and the industry. The trip is general.

The Emirates group's revenue amounted to 54.4 billion AED (14.8 billion USD) for the first six months of the current fiscal year ending 30 September 2018, in up 10% from AED 49.4 billion ($ 13.5 billion) last year.

During the first half of fiscal 2018/2019, the group generated net income of AED 1.1 billion ($ 296 million).

The decrease in profits is due to the 37% increase in fuel prices compared to the same period last year, as well as the negative effects of exchange rate fluctuations on certain markets.

Group cash balances amounted to 21.5 billion dirhams ($ 5.9 billion) as of September 30, 2018, compared to 25.4 billion dirhams ($ 6.9 billion) as at March 31, 2018 .

"Emirates and Dnata continued their steady growth during the first half of fiscal year 20118/2019," said Sheikh Ahmed bin Said Al Maktoum, managing director of Emirates Airline and Group. "Demand for our high quality products and services has continued to grow and we have maintained our customers and attracted new customers.However, high fuel costs and low exchange rates in major markets such as India, Brazil, Angola and Iran have drained about 4.6 billion AED from our profits. "

"We are working in advance to address the many challenges facing Emirates and the travel industry, including continued pressure on revenues and economic and political turmoil in our region and around the world." We will continue to increase our efficiency through the application of innovative technologies and platforms. "

"The next six months will be difficult, but the Emirates Group will remain strong and I am delighted to see that our country and our hub in Dubai continue to attract travelers from all over the world." Our customers who enjoyed their visit to Dubai compared to the same period last year, and we are confident that demand for Dubai will continue to grow, especially with the emergence of new attractions and the preparation of Dubai Expo 2020. We will continue to support our business through our flexibility and our ability to profit from it.Options and continue investing to serve customers better our high quality products that are Ptkadirhm ".

Over the last six months, Emirates Group employees have experienced a 1% decrease from March 31, 2018, from 103363 to 101983, mainly due to the natural movement of employees and the rapid pace of employment. through the adoption of new technologies and methodologies developed in many departments of the group. Contributed to the efficiency of operations and the redistribution of available resources.

Emirates Airline

In the first six months of the current fiscal year, Emirates has received eight new A380s and five Boeing 777s, and has retired seven older aircraft and four others by March 31, 2019. Long-term investment strategy the company. The big carriers improve the overall efficiency and offer a better customer experience.

Emirates continues to offer the best flights so that its customers can travel around the world with a single stopover in Dubai.

During the first six months of the current fiscal year, Emirates has launched new transport services to London Stansted (United Kingdom) and Santiago (Chile).

He also provided a new service between Dubai and Auckland via Bali. As of September 30, 2018, the Emirates World Wide Web covered 161 destinations in 85 countries on six continents, with a total of 269 aircraft, including cargo aircraft.

Emirates continued to expand its partnership with flydubai and offer more benefits to customers: the two airlines merged their loyalty program with Skywards Emirates. Customers also have more travel options, Emirates and Fly Dubai continuing to capitalize on the integration of their networks to improve flight schedules, provide new connectivity between Dubai cities and launch services to new terminals, including Kinshasa (Congo), Krakow (Poland) and Catania. (Italy) in the first half of the 2018/2019 financial year.

In the first six months of the year, total energy, measured by the number of tonnes available, multiplied by the mileage traveled by ATKM, increased by 3% to reach 31.8 billion tonnes. Passenger capacity, measured by the number of seats available multiplied by ASKM mileage, increased by 4%.

Passenger traffic, measured in passenger per kilometer, increased by 6% and seat solvency increased from 77.2% last year to 78.8%.

During the period from April 1 to September 30, 2018, Emirates transferred 30.1 million passengers, with a growth rate of 3% over the same period last year. The amount of freight transported remained unchanged at 1.3 million tonnes, while efficiency improved by 11%.

This was motivated by Emirates Airline's investments in new sector-specific products and services, giving it a strong competitive advantage in the global air cargo market, which is gradually recovering.

In the first half of fiscal year 2018/2019, Emirates net profit amounted to AED 226 million (US $ 62 million), down 86% from the first half of the year. Last year.

The financial result of Emirates, including other operating products, amounted to 48.9 billion USD (13.3 billion USD), up 10% from compared with AED 44.5 billion ($ 12.1 billion) last year.

This is due to increased flexibility in the use of seat capacity and improved seat solvency despite high ticket prices, reflecting strong customer demand for Emirates products.

Emirates operating expenses increased by 13%, while total energy increased by 3%. On average, the cost of fuel increased by 42% over the same period last year due to higher crude oil prices (37% compared to the same period last year) and 4% of fuel purchases due to the expansion of fleet activities. Fuel retained its largest share of the cost (33% of the cost of operating the tanker), compared to 26% in the first half of last year.

Dnata

Dnata has experienced strong global growth in its business, which now extends to more than 35 countries. In the first six months of 2018/2019, Dnata's international operations accounted for more than 68% of its total sales.

Dnata's revenue, including the results of other activities, amounted to AED 7 billion (US $ 1.9 billion), up 11% from AED 6.3 billion ( USD 1.7 billion) for the same period last year. This strong performance is the result of the autonomous growth of operations, particularly at world airports.

Dnata's total profit increased 31% to AED 861 million ($ 235 million), including gains from a single contract, with Dnata removing its 22% stake in travel management company Hogg Robinson HRG, Amex Travel Business. Without this one – time transaction, Dnata 's profits would have decreased by 18% compared to the same period last year.

Dnata Airport Services maintained its position as the main contributor to Dnata's revenues, contributing 3.6 billion dirhams (976 million USD) to growth of 6% compared to the first half of the previous year. The total number of devices supplied by Dnata handled 35,50052 devices, representing a total growth of 6% and processed shipments of 1.5 million tonnes, up 2% over the same period of the year. last year.

This reflects contracts with new customers across the network and strong performance in key markets including the United Arab Emirates, the United States, the United Kingdom and Italy. During the first half of fiscal year 2018/2019, Dnata continued to strengthen its operations in Italy by increasing its stake in Milan Airport Handling SPA from 30% to 70%. He also began serving passengers at JFK Airport in New York. In the United Arab Emirates, Dnata has acquired a majority stake in Dobbs Luggage Storage and Delivery, which extends its services to travelers.

The contribution to Dnata Travel Services' business revenue amounted to AED 1.7 billion (USD 456 million), representing a growth of 9% compared to the corresponding period of the year. 39, last year. Total sales in the travel division increased 6% to AED 5.9 billion ($ 1.6 billion).

This performance is due to the strong performance of the UAE Travel division, Destination Asia revenues, acquired by Dnata in September 2017, and good deals in the UK, which also benefited from the strength of the GBPUSD pair. At the end of September, Dnata entered the German market by acquiring Tropo, a travel agency specializing in last-minute travel bookings and hotels.

Dnata's restaurant operations accounted for a total turnover of 1.1 billion dirhams ($ 311 million), with growth of 4%. The number of meals provided in the first six months was 31 million, a growth of 2% over the first half of last year.

The health performance of the Alpha Group's operations, as well as the increase in meals resulting from increased activity in the UK, Romania, the Czech Republic and Sharjah, helped to ease the pressure on incomes, as particularly in the activities of Dnata in Australia.