Emirates Group has announced the 24 consecutive year in profit
Emirates Group is proud of its 24 year in profit. In fiscal year 2011-2012, the group recorded a net profit of 629 million dollars, but decreasing compared to the previous years.
Despite the global economic crisis and rising fuel, the Emirates Group posted the highest turnover in 52 for years, reaching $ 18.4 billion, up 17.8% from the previous year.
During the financial year 2011-2012, the Emirates Group invested approximately $ 3.8 billion, each cent spent making considerable profit in the company's accounts. Despite a difficult operating environment, the Emirates Group continued to expand its base and increased the number of employees by 10%.
Also during this period, the group received 22 new aircraft (14 Boeing 777-300ER, 2 Boeing 777F and 6 Airbus A380) and began operating flights to 11 new destinations (Emirates operates to 120 from X destinations). more transport capacity to other 6 cities has also increased. It is worth mentioning that Emirates received the 1000 Boeing 777 series aircraft.
But expenses also increased compared to the 2010-2011 year. Fuel price is the main enemy for an airline. During the 2011-2012 period, Emirates Group spent $ 6.6 billion on kerosene, with 44.4% more than the previous year. Well, this expense is due to the growing fleet. Almost 1 a year, Emirates Airlines supported rising fuel prices without adding the special fare to the ticket price.
In addition to fuel price issues, Emirates has also been hit by political instability in North Africa and the Middle East. These things changed the flight schedule, but everything was done very well and Emirates managed to maintain profitability.
In fiscal year 2011-2012, Emirates carried over 34 millions of passengers, up 8% from the previous year, which means an aircraft loading degree of approximately 80%. Yield per passenger increased by 7.8%.
Returning to the routes served, Emirates Airlines has already made plans for the coming year. Since July, Emirates will fly to Lisbon and Barcelona, then will open routes to Washington DC and Ho Chi Minh City.
The year 2011-2011 also meant new destinations operated by Airbus A380 - Munich, Rome, Shanghai, Johannesburg, Kuala Lumpur - the total number reaching 17. In the financial year 2012-2013, Emirates Airlines will launch new flights, which it will operate with A380, having destinations in Melbourne, Tokyo and Amsterdam. A total of 20 of Emirates A380 aircraft have been equipped with Wi-Fi on board to allow continuous connectivity for passengers.
As a final conclusion, Emirates Airlines is one of the best airlines worldwide and among the few to announce growth and profit in times of crisis.