Emirates Airlines expects positive performance in its annual financial results

Emirates Airlines is expected to record a positive performance during its fiscal year ending March 31, 2022, in light of the recovery in the aviation sector and the growing demand for travel for tourism or business purposes, noting that it is currently witnessing a occupancy rate of seats on its flights by about 72%.

positive perspective

And Emirates Airlines Chief Operating Officer Adel Al Reda expected the airline to record positive performance during its fiscal year ending March 31, 2022.

He said, “The results will be better than our expectations six months ago, in light of the recovery in the aviation sector and the growing demand for tourism or business travel together, to and from different destinations.” to which the carrier operates. “

closed request

In a statement to local media, Al-Rida referred to a “suppressed demand for travel” in various markets and stations, stressing that once flights resume and travel protocols are relaxed, demand levels will increase by 100%. from these stations.

Al-Rida explained that Emirates Airlines has benefited from the policy pursued by the UAE regarding the treatment of the “Covid-19” pandemic and has taken proactive measures in this regard, noting that many passengers chose Dubai as their destination. their primary. to visit them, or to develop their business, starting from it.

Occupancy rate

Al-Rida added that Emirates Airlines offers a global network that connects Dubai to various destinations, and thus, has benefited from the emirate’s global attractiveness in the light of the pandemic.

He said, “Currently we are witnessing a landing frequency of about 72%, compared to less than 60% in the past and during this period of the year.”

Al-Rida continued, “We usually see less movement during the current period of the year, but this year we have witnessed better demand rates, in light of the ongoing recovery and recovery in the air transport sector,” expecting that demand to increase. at higher rates during the summer.

Operational challenges

Al-Rida added: “In light of the growing demand for travel, especially during the summer, Emirates Airlines will continue to increase the volume of its operations, but the only thing we face is our inability to operate additional flights. , due to lack of aircraft crews, including pilots and service crews. “

And he indicated that the company currently operates all aircraft in the Boeing 777 fleet, numbering 134, including 16 aircraft designated for air cargo operations, in addition to more than 60 Airbus A380 aircraft, noting that the carrier will introduce more many planes. The Airbus fleet will enter service in the coming period, but this will be related to the ability to hire crews on aircraft and airports.

Al-Rida stressed that some airports around the world did not show sufficient readiness to carry out more flights, due to the lack of sufficient crews, whether at airports, security and hospitality departments, or other support sectors, expecting that all of these sectors over the coming months will face a challenge in providing employment in line with growing travel demand.

operating power

Al-Rida found that Emirates Airlines currently covers all destinations to which flights were suspended at the start of the “pandemic” and is currently working to increase the number of flights, noting that some countries and markets have not yet opened their markets. .

He continued, “We at Emirates Airlines are preparing to operate at the full operational capacity of our fleet at 100% by the end of this year, and we are currently working to be ready at this time.”

He added that it is intended to open new lines and destinations in the next stages, but the current focus is on existing destinations, increasing our operational capacity towards them by 100% and keeping pace with the demand for travel.

Ticket prices

Al-Rida said the rise in oil prices over the recent period has been reflected in rising jet ticket prices and the adjustment of the fuel tax, noting that for Emirates Airlines, the consumer contributes a portion of that cost, but no. all, as it is difficult to afford the consumer all this growth.

He explained: “If oil prices were at levels between $ 60 and $ 70, we would have noticed a big change in the financial results of (Emirates Airlines),” noting that fuel costs make up about 35% and can reach 40% of the total. operating costs, according to price levels.

He noted that there is a risk management team at Emirates Airlines that studies fuel prices and the options and options available to deal with them in the event that oil prices continue to rise. Adel Al-Reda: “The current focus is on existing destinations, increasing our operational capacity towards them by 100%, and keeping pace with travel demand.”

Boeing 777X and Airbus 350

Emirates Airlines Chief Operating Officer Adel Al-Rida confirmed that Emirates Airlines has extended the operation of several aircraft in its Boeing and Airbus fleet, and used the modernization of its cabins, to maintain the level of luxury and comfort for passengers , due to delay Delivery of Boeing 777X program.

He continued, “The carrier continues to hold discussions with (Boeing) about the date of delivery of the aircraft and we have reached the advanced stages of these discussions to determine the best time to pick up the aircraft, but we are not waiting. to take the plane within the next two years ”.

Regarding the date of receipt of the Airbus 350 aircraft, Al-Rida said that these aircraft are in service, and there is no production challenge, at a time when Emirates Airlines is currently studying cabin products, as well as the speed and ability of companies to ‘i offered them. within a certain time.

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