Tuesday, May 28, 2024

Dubai Airshow: Emirates commits to 30 787-9s

Emirates has finalised a purchase agreement with Boeing for 30 787-9s, in a deal signed at the Dubai Airshow. The airline had originally picked the larger 787-10 but officially selected the 787-9 to complement the 777. As part of the agreement, Emirates will update its order book by converting 30 777s into 787-9s, remaining the […]

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 […]

Airbus to stop producing the A380 as sales slump

Airbus will end production of the A380, with deliveries ceasing in 2021 due to Emirates reducing its order book, aircraft development and the lack of order backlog. Emirates and Airbus reached an agreement on outstanding A380 deliveries, with the airline receiving 14 more A380s from 2019 to 2021, taking its total order book to 123 […]

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 […]

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 signs MoU with Dubai CommerCity

Emirates SkyCargo has signed a memorandum of understanding (MoU) with Dubai CommerCity – the first free zone dedicated to e-commerce in the Middle East and North Africa region. The airline will work with Dubai CommerCity to develop new solutions for the global e-commerce sector, a growing vertical for the air cargo industry worldwide and Emirates […]

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 Airbus A380

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 […]

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 […]

Emirates connects Dubai with Yinchuan and Zhengzhou

Emirates has increased its coverage in China with flights a week to Yinchuan, which then flies onto Zhengzhou. The Boeing 777-200LR service will connect the fast growing Midwest Chinese cities and will be the fourth and fifth cities Emirates flies to after Beijing, Shanghai and Guangzhou. The aircraft will offer 14 tonnes of bellyhold cargo […]

Emirates SkyCentral handles 35,000th tonne of cool chain

Emirates SkyCargo has shipped its 35,000th tonne of cool chain from its SkyCentral hub at Al Maktoum International at Dubai World Central. SkyCentral, which is where Emirates’ freighters have been operating from since it became operational in May 2014, has a 15,000 square metre storage area dedicated to temperature sensitive goods. To keep goods cool, […]