Emirates annual results revealed
The Emirates Group has announced its annual results for the year 2020/21. The Group as a whole has announced annual losses of $6 billion due to COVID-19 pandemic impact, making the past year its first non-profitable year in over three decades. Revenue brought in was $9.7 billion, which was severely impacted by worldwide travel restrictions […]
Emirates Group announces 2019-20 results – 32 years of profit
The Emirates Group announced its 32nd consecutive year of profit, against a drop in revenue mainly attributed to reduced operations during the planned DXB runway closure in the first quarter, and the impact of flight and travel restrictions due to the COVID-19 pandemic in the fourth quarter. The Emirates Group posted a profit of AED […]
Emirates SkyCargo battles trade tension and unrest
Emirates Group profits grew by 8% for the half year 2019-20 period but the cargo division faced falling volumes and yields. Profits for the group were $320 million though revenue was down 2% to $14.5 billion, caused by the 45-day Southern Runway close at Dubai International Airport and unfavourable currency movements in Europe, Australia, South […]
Cargo steady while profits at Emirates tumble
Cargo volumes at Emirates have fallen slightly while half year 2018-19 airline profits have slumped 86 per cent due to currency issues and high fuel costs. Airline revenue was up 10 per cent to 48.9 billion dirhams (AED) ($13.3 billion) but profits were down 86 per cent from AED 1.6 billion to AED 226 million […]
RSA National opens the doors to DWC air cargo terminal
RSA National has opened the doors to its flagship air cargo terminal at Dubai World Central, supporting the UAE’s vision of becoming the world’s leading logistics hub. The joint venture between National Air Cargo and RSA Global has the vision to operate as a one-stop, boutique integrator offering multimodal supply chain solutions specialising in services […]
Emirates SkyCargo creates specialist pharma corridors
Emirates SkyCargo has introduced pharma corridors to offer additional protection across selected stations in its network for pharmaceutical cargo. The airline is working with ground handling partners and other stakeholders across its network in order to ensure that handling operations at these stations are uniform and comply with Emirates SkyCargo’s standards as well as either […]
A380s future looking secure after Emirates order another 36
The future of the Airbus A380 is looking more secure following the news the Emirates has ordered 36 aircraft, in a deal worth 58.7 billion UAE dirhams ($16 billion). Emirates was expected to make a large order for A380s at the 2017 Dubai Airshow but surprised the industry by ordering 40 Boeing 787-10s, leading to […]
Emirates SkyCargo carries 2.5 million tonnes of freight in 2017
Emirates SkyCargo continues to play an important role in the airline’s business, carrying 2.5 million tonnes of freight in 2017. The airline says the freight division created new benchmarks in the air cargo industry with specialised transportation for industry verticals, including pharmaceuticals. Introducing Emirates Pharma has boosted pharmaceutical cargo volumes by 38 per cent, while […]
First half year profits rebound at Emirates
Profits have rebounded for Emirates, increasing by 111 per cent in the six months up to 30 September, hitting $452 million. Revenue increased by six per cent to $12.1 billion, while revenue for the Emirates Group was also up six per cent to $13.5 billion, with profits growing by 77 per cent to $631 million. […]
Emirates profits fall 70% and market is expected to remain challenging
Emirates Group profits have fallen by 70 per cent in the 2016-17 financial year to 2.4 billion dirhams ($653 million) due to lower yields, weaker consumer confidence and on-going geopolitical instability. Emirates SkyCargo was affected by the fall, with revenue down five per cent to AED10.6 billion with yield per freight tonne kilometre declining eight […]
Emirates warns of bleak global outlook as profits fall 75%
Emirates Airline profits fell 75 per cent in the first financial half of 2016 to 786 million dirhams ($214 million), with the chairman warning that the bleak global outlook could be the new norm. Airline revenue was down one per cent to 41.9 billion dirhams, due to the strength of the US dollar, while it […]
Not all rosy but dnata still happy with performance
Dnata is happy with how business in Dubai is going despite reduced military traffic causing a slowdown, senior vice president – UAE cargo, Bernd Struck tells Air Cargo Week. “In our part of the world, not everything is rosy but it is pretty good, we are actually celebrating, we had a good year. The cargo […]
Emirates profits increase but revenue falls
Emirates has seen profits increase by 56.4 per cent to 7.1 billion dirhams ($1.9 billion) for the 2015-16 financial year despite revenue falling. Revenue for the group was down by 4.3 per cent to 85 billion dirhams, due to currency devaluations against the US dollar and adjustments following falling fuel prices. Emirates SkyCargo saw its […]
