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    DGCA has begun 2 month special audit of airlines, due to rising tech snags

    DGCA has begun 2 month special audit of airlines, due to rising tech snags

    NASA Boeing 747 damaged in New Zealand Due to Severe Weather

    NASA Boeing 747 damaged in New Zealand Due to Severe Weather

    Air France aircraft back to Paris after “Technical issues” | Exclusive

    Air France aircraft back to Paris after “Technical issues” | Exclusive

    Exclusive: Aviation Minister inaugurates Spicejets Jabalpur-Kolkata flight

    Exclusive: Aviation Minister inaugurates Spicejets Jabalpur-Kolkata flight

    Airlines can’t charge extra for a boarding pass at check-in desks in airports: Civil Aviation

    Airlines can’t charge extra for a boarding pass at check-in desks in airports: Civil Aviation

    DGCA releases Air Traffic Data for June Month, 237% monthly Growth | Exclusive

    DGCA releases Air Traffic Data for June Month, 237% monthly Growth | Exclusive

    Jet Airways gets air operator certificate from DGCA

    Jet Airways lenders threaten to go bankrupt, Regarding rental revenue | Exclusive

    Exclusive: Pilot Kamal Kumar surprises his family by flying them home | watch what the Pilot did…

    Exclusive: Pilot Kamal Kumar surprises his family by flying them home | watch what the Pilot did…

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    Indian startup ePlane Company to launch a flying taxi by 2023 | Exclusive

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      DGCA has begun 2 month special audit of airlines, due to rising tech snags

      DGCA has begun 2 month special audit of airlines, due to rising tech snags

      NASA Boeing 747 damaged in New Zealand Due to Severe Weather

      NASA Boeing 747 damaged in New Zealand Due to Severe Weather

      Air France aircraft back to Paris after “Technical issues” | Exclusive

      Air France aircraft back to Paris after “Technical issues” | Exclusive

      Exclusive: Aviation Minister inaugurates Spicejets Jabalpur-Kolkata flight

      Exclusive: Aviation Minister inaugurates Spicejets Jabalpur-Kolkata flight

      Airlines can’t charge extra for a boarding pass at check-in desks in airports: Civil Aviation

      Airlines can’t charge extra for a boarding pass at check-in desks in airports: Civil Aviation

      DGCA releases Air Traffic Data for June Month, 237% monthly Growth | Exclusive

      DGCA releases Air Traffic Data for June Month, 237% monthly Growth | Exclusive

      Jet Airways gets air operator certificate from DGCA

      Jet Airways lenders threaten to go bankrupt, Regarding rental revenue | Exclusive

      Exclusive: Pilot Kamal Kumar surprises his family by flying them home | watch what the Pilot did…

      Exclusive: Pilot Kamal Kumar surprises his family by flying them home | watch what the Pilot did…

      Indian startup ePlane Company to launch a flying taxi by 2023 | Exclusive

      Indian startup ePlane Company to launch a flying taxi by 2023 | Exclusive

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        DGCA has begun 2 month special audit of airlines, due to rising tech snags

        DGCA has begun 2 month special audit of airlines, due to rising tech snags

        NASA Boeing 747 damaged in New Zealand Due to Severe Weather

        NASA Boeing 747 damaged in New Zealand Due to Severe Weather

        Air France aircraft back to Paris after “Technical issues” | Exclusive

        Air France aircraft back to Paris after “Technical issues” | Exclusive

        Exclusive: Aviation Minister inaugurates Spicejets Jabalpur-Kolkata flight

        Exclusive: Aviation Minister inaugurates Spicejets Jabalpur-Kolkata flight

        Airlines can’t charge extra for a boarding pass at check-in desks in airports: Civil Aviation

        Airlines can’t charge extra for a boarding pass at check-in desks in airports: Civil Aviation

        DGCA releases Air Traffic Data for June Month, 237% monthly Growth | Exclusive

        DGCA releases Air Traffic Data for June Month, 237% monthly Growth | Exclusive

        Jet Airways gets air operator certificate from DGCA

        Jet Airways lenders threaten to go bankrupt, Regarding rental revenue | Exclusive

        Exclusive: Pilot Kamal Kumar surprises his family by flying them home | watch what the Pilot did…

        Exclusive: Pilot Kamal Kumar surprises his family by flying them home | watch what the Pilot did…

        Indian startup ePlane Company to launch a flying taxi by 2023 | Exclusive

        Indian startup ePlane Company to launch a flying taxi by 2023 | Exclusive

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        DGCA has begun 2 month special audit of airlines, due to rising tech snags

        DGCA has begun 2 month special audit of airlines, due to rising tech snags

        NASA Boeing 747 damaged in New Zealand Due to Severe Weather

        NASA Boeing 747 damaged in New Zealand Due to Severe Weather

        Air France aircraft back to Paris after “Technical issues” | Exclusive

        Air France aircraft back to Paris after “Technical issues” | Exclusive

        Exclusive: Aviation Minister inaugurates Spicejets Jabalpur-Kolkata flight

        Exclusive: Aviation Minister inaugurates Spicejets Jabalpur-Kolkata flight

        Airlines can’t charge extra for a boarding pass at check-in desks in airports: Civil Aviation

        Airlines can’t charge extra for a boarding pass at check-in desks in airports: Civil Aviation

        DGCA releases Air Traffic Data for June Month, 237% monthly Growth | Exclusive

        DGCA releases Air Traffic Data for June Month, 237% monthly Growth | Exclusive

        Jet Airways gets air operator certificate from DGCA

        Jet Airways lenders threaten to go bankrupt, Regarding rental revenue | Exclusive

        Exclusive: Pilot Kamal Kumar surprises his family by flying them home | watch what the Pilot did…

        Exclusive: Pilot Kamal Kumar surprises his family by flying them home | watch what the Pilot did…

        Indian startup ePlane Company to launch a flying taxi by 2023 | Exclusive

        Indian startup ePlane Company to launch a flying taxi by 2023 | Exclusive

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          DGCA has begun 2 month special audit of airlines, due to rising tech snags

          DGCA has begun 2 month special audit of airlines, due to rising tech snags

          NASA Boeing 747 damaged in New Zealand Due to Severe Weather

          NASA Boeing 747 damaged in New Zealand Due to Severe Weather

          Air France aircraft back to Paris after “Technical issues” | Exclusive

          Air France aircraft back to Paris after “Technical issues” | Exclusive

          Exclusive: Aviation Minister inaugurates Spicejets Jabalpur-Kolkata flight

          Exclusive: Aviation Minister inaugurates Spicejets Jabalpur-Kolkata flight

          Airlines can’t charge extra for a boarding pass at check-in desks in airports: Civil Aviation

          Airlines can’t charge extra for a boarding pass at check-in desks in airports: Civil Aviation

          DGCA releases Air Traffic Data for June Month, 237% monthly Growth | Exclusive

          DGCA releases Air Traffic Data for June Month, 237% monthly Growth | Exclusive

          Jet Airways gets air operator certificate from DGCA

          Jet Airways lenders threaten to go bankrupt, Regarding rental revenue | Exclusive

          Exclusive: Pilot Kamal Kumar surprises his family by flying them home | watch what the Pilot did…

          Exclusive: Pilot Kamal Kumar surprises his family by flying them home | watch what the Pilot did…

          Indian startup ePlane Company to launch a flying taxi by 2023 | Exclusive

          Indian startup ePlane Company to launch a flying taxi by 2023 | Exclusive

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          • Pilot Corner
            DGCA has begun 2 month special audit of airlines, due to rising tech snags

            DGCA has begun 2 month special audit of airlines, due to rising tech snags

            NASA Boeing 747 damaged in New Zealand Due to Severe Weather

            NASA Boeing 747 damaged in New Zealand Due to Severe Weather

            Air France aircraft back to Paris after “Technical issues” | Exclusive

            Air France aircraft back to Paris after “Technical issues” | Exclusive

            Exclusive: Aviation Minister inaugurates Spicejets Jabalpur-Kolkata flight

            Exclusive: Aviation Minister inaugurates Spicejets Jabalpur-Kolkata flight

            Airlines can’t charge extra for a boarding pass at check-in desks in airports: Civil Aviation

            Airlines can’t charge extra for a boarding pass at check-in desks in airports: Civil Aviation

            DGCA releases Air Traffic Data for June Month, 237% monthly Growth | Exclusive

            DGCA releases Air Traffic Data for June Month, 237% monthly Growth | Exclusive

            Jet Airways gets air operator certificate from DGCA

            Jet Airways lenders threaten to go bankrupt, Regarding rental revenue | Exclusive

            Exclusive: Pilot Kamal Kumar surprises his family by flying them home | watch what the Pilot did…

            Exclusive: Pilot Kamal Kumar surprises his family by flying them home | watch what the Pilot did…

            Indian startup ePlane Company to launch a flying taxi by 2023 | Exclusive

            Indian startup ePlane Company to launch a flying taxi by 2023 | Exclusive

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          Home » Emirates group declares a ‘significantly’ lower USD 1.1 billion annual loss

          Emirates group declares a ‘significantly’ lower USD 1.1 billion annual loss

          Shweta Shukla by Shweta Shukla
          May 13, 2022
          in Quick Updates, Today in Aviation
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          Emirates has launched a new special Airbus A380 livery featuring Dubai’s Museum of the Future
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          Dubai airline group records major revenue gain as worldwide travel need returns Emirates Group said significant progress in bringing down losses, while revenues were up 86 percent to Dh66.2 billion for 2021-22.

          After the extensive COVID-19 made disruptions in 2021 and which extended well into last year, Emirates airline brought about a massive reduction in losses to Dh3.9 billion compared to Dh20.3 billion the year before.

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          The airline’s revenues are up 91 percent to Dh59.2 billion helped by a faster return to its pre-Covid capacity and the reinstating of more passenger flights. The airline’s ability raised by 47 percent over the year to 36.4 billion ATMs, with the final five A380 aircraft said to the fleet.

          The travel services and support division dnata had a gain of Dh110 million for the year, which is quite the turnaround from the Dh1.8 billion loss a year before. (Emirates’ financial year begins April 1.)

          Capital injection of Dh3.5 billion from the Dubai Government

          Emirates received a further capital injection of Dh3.5 billion from the Dubai Government, and the Group tapped into various industry support programs and availed a total relief of nearly Dh800 million in 2021-22.

          Emirates’ entire passenger and cargo capacity increased by 47 percent to 36.4 billion ATKMs (available tonne-kilometers) in 2021-22, as the airline continued to reinstate passenger services across its network in line with the lifting of pandemic-related flight and journey restrictions.

          Emirates told it had grown operations and capacity to over 140 destinations in the reporter year. The airline was serving only 120 destinations at the start of the financial year.

          “Emirates was able to respond dynamically to serve customer demand wherever opportunities arose, thanks to the resilience of its people and business model,” it expressed in a report. “In July, the airline established a new route to Miami, bringing its total passenger gateways in the US to 12.”

          Chief Executive, Emirates Airline and Group

          “This year, we focussed on restoring our operations fast and safely wherever pandemic-related restrictions eased across our markets,” said Sheikh Ahmed bin Saeed Al Maktoum, Chairman, and Chief Executive, Emirates Airline and Group. “Business recovery picked up the pace, particularly in the second half of the year. Robust customer need drove a huge improvement in our financial performance compared to our unprecedented losses of last year and we built up our strong cash balance. 

          “Across Emirates and dnata, we replied to dynamic market conditions with agility, and introduced innovative products and services to meet our customers’ requirements and provide them with the best possible knowledge.”

          The Emirates Group 2021-22 financial results released today show a significant turnaround after the toughest year in our Group’s history. We restored our operations quickly and safely wherever pandemic-related restrictions eased across our markets. (1/4) pic.twitter.com/Zq1zr32Dsn

          — HH Sheikh Ahmed bin Saeed Al Maktoum (@HHAhmedBinSaeed) May 13, 2022

          Increased by 13 percent over the last financial year

          As Emirates and dnata ramped up, employees on furlough or made redundant were recalled or rehired, and new recruitment drives were held to replenish the workforce and boost the group’s future requirements. As a result, the entire workforce raised by 13 percent over the last financial year to 85,219 workers. 

          Also, read

          • A Chinese plane with 122 passengers veers off the runway and catches fire
          • AAI collaborates with self-help groups to sell locally made items at airports
          • Boeing and AIESL announce partnership for the maintenance of B777 aircraft used by VVIPs

          In 2021-22, the Group collectively invested Dh7.9 billion ($2.2 billion) in new aircraft and facilities, and in the latest technologies to position the business for recovery and development. “It’s not just about restoring our capacity, but also augmenting our future capabilities as we rebuild,” told Sheikh Ahmed. “Our aim is to build back better and stronger so that we can deliver even better experiences to our customers and offer more support to the communities we serve.”

          Aviationa2z.com
          • Currency fluctuations impacted Emirates’ profitability negatively by Dh348 million.
          • Entire working prices raised 30% from the last financial year. Cost of ownership (depreciation and amortization) and fuel price were the two biggest cost components for the airline in 2021-22, followed by employee price.
          • Fuel accounted for 23% of operating costs compared to 14% in 2020-21. The airline’s fuel bill more than doubled to Dh13.9 billion compared to the previous year, driven by a higher uplift of 66% in line with capacity expansion and a higher average fuel cost which was up by 75%.

          Thank you

          Stay updated with Aviationa2z.com

          Tags: AirlinesAirlines newsAviationaviation newsEmiratesEmirates AirlinesEmirates group
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          Shweta Shukla

          Shweta Shukla

          Journalist - A graduate in India, Shweta has a passion for aviation and travel. She has an interest in Aviation Journalism and she writes articles for Aviation A2Z for 1+ years.

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