emirates airline's annual report 2019


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PDF Emirates Group Announces 2018-19 results

DUBAI UAE 9 May 2019 - The Emirates Group today announced its 31st consecutive year of profit and steady business expansion Released today in its 2018-19 Annual Report the Emirates Group posted a profit of AED 2 3 billion (US$ 631 million) for the financial year ended 31 March 2019 down 44 from last year The Groups

  • What is the biggest cost component for EMIRATES airlines?

    Fuel remained the biggest cost component for the airline. Despite continued strong competitive pressure and the unfavourable currency impact, the airline reported a profit of AED 1.1 billion (US$ 288 million), an increase of 21% over last year’s results, and a profit margin of 1.1%.

  • How much did Emirates invest in 2019-20?

    In 2019-20, the Group collectively invested AED 11.7 billion ($3.2 billion) in new aircraft and equipment, the acquisition of companies, modern facilities, the latest technologies, and employee initiatives, a decrease following last year’s record investment spend of AED 14.6 billion ($3.9 billion).

  • How much did Emirates refinanced & reprice in 2019-20?

    As part of an initiative to reduce costs and benefit from the prevailing global rates environment, Emirates refinanced and repriced more than AED 5.5 billion (US$ 1.5 billion) in 2019-20, resulting in estimated overall future cost savings in excess of AED 110 million (US$ 30 million).

  • Why did Emirates' passenger and cargo capacity decline 8% in 2019-20?

    Emirates’ total passenger and cargo capacity declined by 8% to 58.6 billion ATKMs at the end of 2019-20, due to the DXB runway closure capacity restrictions and COVID-19 impact with a complete suspension of passenger services as directed by the UAE government during March 2020.

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