The Emirates Group is claiming a net profit of £545 million for 2012/13, a 34% rise.
The Emirates airline contributed £401 million following the largest capacity increase in its 25-year history, while the remaining £144 million came from the airport operator and ground handler Dnata. Group revenue was up 17% to £13.6 billion.
The airline added 30 passenger aircraft during the year and launched 10 destinations including Adelaide and Washington DC. Passenger numbers rose by 5.4 million to 39.4 million with each flight an average 80% full. The airline’s profits rose 52% on the previous year due to a more stable fuel and currency environment.
During the year Emirates upgraded all its five Heathrow flights to Airbus A380 double deckers. The airline has a further 198 aircraft on order and has four route launches planned for the current year so far, including Tokyo Haneda and Clark in the Philippines.
The group is investing £2.45 billion in new aircraft and facilities and increased staff numbers by 12% last year to 68,000.
“Achieving our 25th consecutive year of profit in a financial year with our largest ever increase in capacity across the network is an achievement that speaks to the strength of our brands and our leadership,” said Sheikh Ahmed bin Saeed Al Maktoum, chairman and chief executive, Emirates Airline and Group.
During the year, Dnata saw the opening of the new JW Marriott Marquis in Dubai, the world’s tallest hotel and saw revenue rise 15%. Dnata’s results are the first to take into account the full year inclusion of Travel Republic, the online brand which it bought in January 2012.
Sourced from TTG Digital
By April Hutchinson
The rare sight of two A380s flying side by side has cemented a new partnership between Qantas and Emirates.
Each of the airlines had one of its superjumbos fly over Sydney Harbour as part of what Emirates’ president Tim Clark called a “seismic development for the global aviation industry”.
“No carriers have ever come together to do something like that and I think it is a real testament to the bond of our new link – it has taken a herculean effort from all involved to get this kind of structure in place so quickly and effectively,” said Clark, speaking at Emirates’ headquarters in Dubai after flying with Qantas up from Sydney. “This is the beginning of a long-term partnership.”
Clark added that the partnership was “not just a codeshare or interline arrangement”. “It is a joint venture and we will treat each other’s passengers as if they were our own,” he said.
The new partnership will see the airlines cooperate on their combined 98 flights a week between Australia and Dubai.
The carriers will combine operations for five years initially, including coordination on ticket pricing, scheduling and frequent flyer benefits.
Emirates is already in the throes of its own expansion into Australia, but it’s Qantas’ passengers that will really feel the benefit of the tie-up, now with easier access to 65 one-stop onward connections in the UK, Europe, North Africa and the Middle East via Dubai.
Reduced overall flying time from Europe to Australia was also said to be one of the key benefits.
Journey times from Melbourne and Sydney to the “top 10” destinations in Europe are cut by an average of two hours going via Dubai, according to Qantas chief executive Alan Joyce.
The tie-up will also go some way to helping the Australian airline recover from a difficult patch, with the partnership said to be worth around A$90 millionto Qantas and a bolster to its international business.
Joyce said: “We have already seen a six-fold sales increase in bookings to Europe on the joint network over a nine-week period compared to last year. It’s obvious this new partnership with Emirates gives us a fantastic opportunity to grow.”
Before its new partnership with Emirates, Joyce said Qantas had only really been able to access five connecting destinations via Singapore.
The airline will now establish an international hub for itself in Dubai, where it will be the only other airline able to use Emirates’ Terminal 3.
All Emirates and Qantas A380 flights will use the terminal’s specially-built US$3 billion Concourse A which opened in January.
Capable of handling 60 million passengers a year through 20 gates, Concourse A is the world’s first purpose-built A380 facility and has direct boarding from lounge to aircraft for business and first passengers.
Australia’s minister for Infrastructure and Transport Anthony Albanese also flew up to Dubai to mark the official launch of the partnership and saidit was “vital that the national iconic brand of Qantas be successful”,claiming the tie-up would have a significant impact on tourism and trade.
“This partnership opens up new markets for Australians into Europe and North Africa with advantages for tourism, trade and economic opportunities,” he said. “It also allows for greater regional tourism opportunities in Australia.”
Clark said there was no reason why the relationship could not develop further in operational synergies down the line.
Joyce added that Qatar Airways’ imminent arrival into the oneworld alliance, of which Qantas is a member, was not an issue for him or Emirates.
“Oneworld has always been a very loose alliance,” said Joyce. “And we have worked with other airlines in other alliances in the past – we are perfectly free to go and do deals such as this one with Emirates.”
Nor did Clark rule out the option of seeking similar tie-ups for Emirates “if another airline has the chemistry we have with Qantas”.
Qantas has also rolled out a new suite of product enhancements in first and business class to coincide with the new partnership.
What does it mean?
Qantas and Emirates share 98 flights a week between Australia and Dubai every week / 14 per day
There will be 32 destinations in Europe available from Dubai
All Qantas flights to the UK will now be Sydney-Dubai-London & Melbourne-Dubai-London
Qantas flights to London from Melbourne and Sydney via Dubai are about 30 minutes shorter now; stopovers in Dubai are 1hr 30 or 1hr 45mins
Eligible business and first Qantas passengers can now avail themselves of a chauffeur drive service (matching Emirates’ existing service) when travelling to Europe; will extend to other parts of Qantas network from July
Shared lounge access for eligible Qantas and Emirates passengers (although Qantas customers’ oneworld privileges and conditions still apply, i.e. able to use BA’s lounges)
Shared redemption of Qantas Frequent Flyer or Emirates Skywards points
Harmonised baggage policies including an increase in Qantas economy checked baggage to 30kg from 23kg
Sourced by TTG Digital
Australia’s competition watchdog has given the thumbs up to the Qantas joint venture with Emirates on routes between Europe and Australia.
The alliance will see Qantas shift its hub for European flights to Dubai from Singapore after it dropped a long standing partnership with British Airways on the ‘kangaroo route’.
The partnership with Emirates, which was agreed last year, will see the two carriers collaborate on pricing, sales and flight scheduling.
The Australian Competition and Consumer Commission said it thought the benefits of the alliance outweighed the drawbacks.
Chairman Rod Sims said: “The ACCC considers that the alliance is likely to result in public benefits through enhanced products and service offerings by the airlines, and improved operating efficiency.”
But approval was limited to five years, half the time the airlines had originally bid for. The green light was conditional on the two carriers maintaining their pre-alliance capacity on routes between Australia and New Zealand amid concerns about reduced competition.
Emirates president Tim Clark hailed the deal as “game-changing”.
He said: “Dubai is a leading global hub and through it, our two airlines will connect Australia to Europe, the UK and Northern Africa more smoothly than ever before.”
The Emirates alliance is seen as key to attempts by Qantas to turn around its loss-making international operations.
Chief executive Alan Joyce said: “Qantas is an Australian icon and the future of its international business is much brighter with this partnership.
“Customers are already responding very strongly to the joint network that Qantas and Emirates have built, and to the frequent flyer benefits that extend across it, with a significant increase in bookings.
Sourced by Travel Weekly
By Juliet Dennis
Emirates is targeting one million passengers out of the UK within two years, its UK vice president Laurie Berriman has revealed.
Speaking at the Hays Travel Independence Group conference, Berriman said the one million figure was a”personal target” and stressed the UK trade would continue to be a vital part of the group’s growth strategy.
“My team has always believed the trade is vital to Emirates in the UK and that policy will continue for the forseable future. Our commitment to the UK will grow,” he said.
In 2012 the airline carried 800,000 passengers out of the UK. It operates 16 flights a day, with regional flights out of Manchester, Newcastle and Glasgow in addition to its London Gatwick services.
The airline’s recent tie-up with Qantas would make Australasia much more easily accessible from the UK, he added.
Berriman, the pre-dinner speaker at this year’s conference, also outlined the airline’s plans to grow globally using its Dubai hub. “There is a huge opportunity for that global hub to keep on growing,” he said.
Currently the airline carries 38 million passengers a year and it is already involved in building a new airport in Dubai for when it outgrows its existing capacity in the city.
Sourced by Travel Weekly
By Kurt Hoffmann
Lufthansa Technik will perform some Airbus A380 wing rib feet repairs, chairman August Wilhelm Henningsen told ATW in Hamburg.
“We have taken on new responsibilities in terms of A380 support and carrying out the wing rib feet repairs mandated by Air France,” Henningsen said.
Henningsen expects one A380 wing rib repair to take between 40 to 50 days. About 40 technicians will work on the aircraft at the same time. The first aircraft, a Lufthansa A380, is already undergoing repair.
Lufthansa Technik will handle 10 Lufthansa A380 repairs at its base in Frankfurt. It will work with AMECO Beijing to carry out wing rib feet repairs on nine Emirates Airline A380s.
Twelve Qantas A380s will undergo the repair work at the Lufthansa Technik Philippine MRO facility. “A year ago, we opened our third widebody hangar at Lufthansa Technik Philippines. Now we are also able to provide technical support for the A380s. Among one of the first customers in Manila is Qantas with A380 cabin modifications,” he said.
Sourced by ATW
Japanese airlines have scored the top spot in both on-time performance and the fewest cancellations globally.
Flight tracking website, Flightstats, has announced its 2012 Airline On-time Performance Service Award Winners.
For the third year, Japan Airlines (JAL) comes out on top. The airline has been in the top five since the awards began in 2009.
The other four finalists were Air New Zealand, All Nippon Airways, KLM and Scandinavian Airlines.
Another Japanese airline, All Nippon Airways, had the lowest number of global cancellations. Other finalists in that category were El Al Airlines, Emirates, Finnair and Singapore Airlines.
Within Europe, LOT Polish Airlines was top of the list with 89.35% of its flights being on time. Close runners up were Aer Lingus, Finnair, KLM Royal Dutch Airlines and Scandinavian Airlines.
Among European regional airlines, the winner was Aegean Airlines, with a 93.02% on-time performance. Close runners up were Brit Air, KLM Cityhopper, Regional Compagnie Aerienne and Tyrolean Airways.
Sourced by Travelmole
The agreement includes 15 races this season starting in Malaysia, and circuits such as Silverstone in the UK and Monza in Italy. But it will not sponsor the Australian, Monaco, Bahrain or Abu Dhabi Grand Prix.
The Emirates logo will be displayed on Formula One circuit bridges, course grounds and in team paddocks, starting with the Malaysian Grand Prix next month.
Emirates chairman Sheikh Ahmed bin Saeed al-Maktoum said: “We are looking at sponsorship of more sports in the future if we feel this will promote Dubai and promote Emirates.”
The airline agreed a new £150 million sponsorship deal with Arsenal in November.
“Emirates will become the global partner with Formula One beginning in 2013,” said Sheikh Ahmed, who is also the uncle of the ruler of Dubai.
The airline’s total sports sponsorship is valued at 1 billion dirhams (£172 million) this year, Sheikh Ahmed said.
Sourced from Travel Weekly
Finnair is the world’s safest airline, according to new research, while British Airways is Britain’s most secure.
The Jet Airliner Crash Data Evaluation Centre, based in Germany, analysed all serious incidents suffered by airlines since 1983 in its study, as well as the number of miles flown by each carrier, to produce its annual Safety Index.
Air New Zealand, Cathay Pacific, Emirates and Etihad were also named among the five safest carriers, while BA came 10th, Virgin 15th, easyJet 17th and Ryanair 32nd.
No US airlines made the top 20 – Southwest Airlines was the highest ranked at number 21.
Other British carriers ranked in the study included Thomas Cook Airlines, which was placed in 18th, and Thomsonfly, which came 26th.
There were 496 fatalities on commercial passenger flights last year, according to the report, two fewer than in 2011. The most significant involved a Dana Air flight which crashed in Nigeria, killing 169 people, and a Bhoja Air flight which crashed in Pakistan, killing 127.
A total of 30 planes were destroyed and there were 44 “hull losses”, or aircraft write-offs, one less than the previous year.
The world’s safest airlines
2. Air New Zealand
3. Cathay Pacific
6. EVA Air
7. TAP Portugal
8. Hainan Airlines
9. Virgin Australia
10. British Airways
Sourced by The Telegraph
Emirates’ five daily flights to London Heathrow have all been upgraded to fly on A380s from today, two months ahead of schedule.
Combined with the daily Manchester A380 service, Emirates said this will mean it will be sending 360 flights to and from the UK each month, making Britain its biggest market for A380s, with the equivalent capacity of filling every seat at Arsenal’s 60,361-seater Emirates Stadium three times over.
Having steadily grown its London A380 operations since its first deployment in December 2008, Emirates originally planned the fifth service to take place from February 1 next year. However, due to increased passenger demand and recent A380 deliveries, Emirates has been able to bring the all-A380 London Heathrow service forward.
The A380 is the largest commercial aircraft in service, measuring 72.7 metres in length – three times the height of the Tower of London.
Laurie Berryman, Emirates’ UK vice president, said: “The A380 is known for its quietness, fuel efficiency and luxury; it takes airline travel to a higher level.
“Our passengers will now have a greater chance of an all-A380 experience when travelling across our network between London, Dubai and destinations such as Hong Kong, Beijing, Tokyo, Sydney and Melbourne.”
Sourced by Travel Weekly
By Sophie Griffiths
Emirates has issued another warning about Heathrow, as it admitted that it was focusing on expanding in the UK’s regional airports because of capacity concerns at the London airport.
The airline, which carries 1.7 million passengers a year to and from the UK, insists that in three years London’s main airport will be full and Emirates will be unable to expand, the airline told the Daily Mail.
Richard Jewsbury, Emirates senior vice-president of commercial affairs, said: “We are OK for now, but things cannot continue. And we reckon in three years Heathrow will have reached saturation point.”
The airline is now aggressively expanding in Manchester, Glasgow, Newcastle and Birmingham airports.
Heathrow claims it is losing £14 billion a year in trade because it has reached its full capacity.
This figure, it says, could go up to £26 billion by 2030.
Sourced from TTG Digital