Emirates Airlines’ annual results are better than expected

Adel Al Reda, Chief Operating Officer of Emirates Airlines, confirmed that the company’s annual financial results will be better compared to the expectations of 6 months ago in light of the recovery and increased demand for travel for tourism or business purposes together and for her. and from the various destinations where the airline operates its flights, noting that the occupancy rate of Travel seats is now up to 72%, compared to less than 60% before and during this time of year.

Al-Rida told reporters that in light of growing travel demand, 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 flights. additional due to lack of aircraft crews, including pilots and service crews.

He added that there is a suppressed demand for travel to markets and once flights resume, travel protocols are eased and restrictions lifted, demand levels rise 100% from these stations, stressing that Emirates Airlines has benefited from the policy pursued by The United Arab Emirates regarding the confrontation with “Covid-19” and take proactive measures in this regard.

He explained that travelers chose Dubai as their main destination to visit or do business, and Dubai has become the focus of attention for many of the world’s population. He noted that Emirates Airlines offers a global network connecting Dubai to various destinations, as the airline has taken advantage of Dubai’s global attractiveness in the light of the pandemic.

increasing demand

The Emirates Chief Operating Officer expected demand to grow at a faster pace over the summer, explaining that we usually see less traffic during the current period of the year, but this year we have seen better demand rates, in light of the recovery and recovery of ongoing in the air transport sector.

He noted that the airline operates all 134 of its Boeing 777 aircraft, which include cargo carriers, and operates more than 60 A380 aircraft.

Al-Rida explained that the carrier will introduce more A380s in service over the coming period, noting that this issue relates to the airline’s ability to hire crews to operate aircraft and airports, as well as the ability of global airports to accommodate giant aircraft. service, at a time when some airports are suffering from workforce weakness due to pandemic effects.

challenges

He pointed out that some airports around the world were not sufficiently prepared to accommodate the operation of more flights of international airlines, due to the lack of sufficient crews, whether in airport operations, security and hospitality departments and other sectors. that support the operation of air transport flights. expecting all of these sectors to face a challenge in the coming months: in securing the workforce in line with rising levels of travel demand.

Al-Rida explained that Emirates Airlines flights cover all destinations that have suspended flights to it since the beginning of the epidemic, indicating that it is working to increase the number of flights.

Al-Rida said that some countries and markets have not yet fully opened their markets (especially secondary airports), and therefore it is difficult to predict when they will return to work at full operational capacity, adding that “We are preparing to work with the full operational capacity of our fleet at 100% by the end of this year, we are currently working on it. We will be ready at this time.” He indicated the intention to open new destinations in the future, but the current focus is on existing destinations. , increasing our operational capacity towards them by 100% and keeping pace with the growing demand for travel.

fuel

The chief operating officer of Emirates Airlines said that the increase in the price of oil over the last period has been reflected in the increase in the price of plane tickets, after the adjustment of the fuel tax on tickets, emphasizing that the passenger contributes to a part of the cost of fuel, but not all, especially since it is difficult to afford the consumer all this growth.

He added that oil prices at the levels of $ 60 to $ 70 are reflected in the financial results of Emirates Airlines, noting that fuel costs make up about 35% and can reach 40% of total operating costs according to price levels.

He explained that there is a risk management team at Emirates Airlines that studies fuel prices and the options available to deal with them in the event that oil prices continue to rise.

deliverable

Regarding the carrier’s future shipments, Al-Rida indicated that the carrier has extended the operation of several aircraft in its Boeing and Airbus fleet, due to delays in receiving the new Boeing 777X aircraft, explaining that the carrier has used modernization his. the cabins on these aircraft to maintain the level of luxury and comfort for passengers.

Val said Emirates is continuing discussions with Boeing about the 777X delivery date and said: We have reached the advanced stages of these discussions to determine the best time to get the plane, but we do not expect to get the plane. within the next two years. On the date of delivery of the Airbus A350 aircraft, Al-Rida said that these aircraft are in service and Emirates Airlines is currently studying the cabin products and the speed and ability of the companies to deliver them within a certain time.

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