Oct 20, 2018  


Emirates has grown into a successful airline with a modern fleet of aircraft. Emirates invests in the expansion and enhancement of its fleet, and in the improvement of the service it offers. The airline regularly receives awards for its state-of-the art in-flight entertainment system in all classes and for the high quality of its business and first class. Emirates has established dedicated lounges for its frequent flyer customers at major airports including London, New York and Frankfurt. Its high quality standards notwithstanding, Emirates has become one of the world's most cost-efficient airlines.

Emirates Annual Results 2012-2013

On 9 May, Emirates announced its 25th consecutive year of profit and company-wide growth ending the year in a strong position despite continuing high fuel prices and a weak global economic environment. The financial year also ended with some very positive newly reached capacity milestones throughout the business

Emirates posted an AED 3.1 billion (US$ 845 million) net profit, up 34 per cent from last year. Even with external challenges, the Group's revenue reached AED 77.5 billion (US$ 21.1 billion) an increase of 17 per cent over last year's results. The Group's cash balance grew by 53 per cent reaching a solid AED 27.0 billion (US$ 7.3 billion).

Emirates continued with its growth plan and during the financial year saw the largest increase in capacity in the airline's history receiving a staggering 34 new aircraft, the highest in any single year and an unprecedented achievement. These aircraft were funded by raising more than US$ 7.8 billion, also a first, through a variety of financing structures. Overall capacity measured in Available Tonne Kilometres (ATKMs) increased by 5.5 billion tonne-kilometres. Other significant capacity increases include launching 10 new destinations across six continents, shipping more than 2 million tonnes of cargo for the first time and carrying an additional 5.4 million passengers over last year, the highest increase in a financial year

Highlighting its sound financials and investor confidence, Emirates raised more than AED 28.6 billion (US$ 7.8 billion) in new funding mainly to secure its on-going fleet expansion, a record amount for the airline. This impressive total included US$ 587.5 million financing for additional A380's with a bond that used the debt capital market in the U.S., a first for a non-U.S. airline in years. Emirates also issued a 10-year amortised Sukuk for US$ 1 billion and raised US$ 750 million with a 12-year amortised bond matched to the payment cycle for the aircraft. It further includes more than AED 20 billion (US$5.4 billion) raised through finance and operating leases.

Emirates revenue reached a record high of AED 73.1 billion (US$ 19.9 billion) growing by 17 per cent when compared to the 2011-12 financial year. Although the average price of jet fuel did not increase over last year, it remains high and has impacted Emirates' bottom line with the airline's profit at AED 2.3 billion (US$ 622 million) representing an increase of 52 per cent over last year's results.

Carrying a record 39.4 million passengers, an increase of 16 per cent, Emirates logged a robust Passenger Seat Factor, at 80 per cent, remaining consistent with last year's results. With an increase in seat capacity-Available Seat Kilometres (ASKMs) of 18 per cent the result highlights a strong consumer desire to fly on Emirates' state-of-the-art aircraft.

Passenger yield remained steady with 30.5 fils (8.3 US cents) per Revenue Passenger Kilometre (RPKM)

With a further 198 aircraft on order worth over US$ 71 billion, combined with the airline's increasing worldwide passenger traffic, Emirates' is set to continue to drive considerable economic growth in the countries that it serves.

Forging ahead with its intricately planned expansion, Emirates received 34 new wide-body aircraft during the year including 20 Boeing 777-300ERs, 10 Airbus A380s and 4 Boeing 777LRFs compared with last year's 22 aircraft. With an increased fleet, Emirates launched 10 new destinations in 2012-13 including Ho Chi Minh City, Barcelona, Lisbon, Erbil, Washington, DC, Adelaide, Lyon, Phuket, Warsaw and Algiers.

Extracted from the Emirates Annual Financial Report announcement, the full text of which can be found here


10.10.18 - Dividend Declaration

10.10.18 - Quarterly Factsheet

11.07.18 - Dividend Declaration

11.07.18 - Quarterly Factsheet

11.07.18 - Annual Financial Report Announcement

12.04.18 - Dividend Declaration

12.04.18 - Quarterly Factsheet

12.04.18 - Quarterly Fact Sheet Quarter 1 2018

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11.01.18 - Quarterly Factsheet

11.01.18 - Quarterly Fact Sheet Quarter 3 2017

15.12.17 - Half Yearly Financial Report to 30 September 2017

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11.10.17 - Quarterly Factsheet

11.10.17 - Quarterly Fact Sheet Quarter 3 2017

15.09.17 - Results of AGM

12.07.17 - Dividend Declaration

12.07.17 - Quarterly Factsheet

10.07.17 - Annual Financial Report and Notice of AGM

11.04.17 - Dividend Declaration

11.04.17 - Quarterly Factsheet

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11.01.17 - Quarterly Factsheet

11.01.17 - Quarterly Factsheet Quarter 4 2016

02.12.16 - Half Yearly Financial Report to 30 September 2016

12.10.16 - Dividend Declaration

12.10.16 - Quarterly Fact Sheet

05.10.16 - Annual Financial Report to 31 March 2016

04.10.16 - AGM Results

14.07.16 - Dividend Declaration

14.07.16 - Annual Financial Report to 31 March 2016

13.07.16 - Quarterly Fact Sheet

29.04.16 - Quarterly Fact Sheet

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14.03.16 - Disclosure of Home Member State

06.01.16 - Quarterly Fact Sheet

05.01.16 - Dividend Declaration

25.11.15 - Half Yearly Financial Report

01.10.15 - Quarterly Fact Sheet

01.10.15 - AGM Results

01.10.15 - Dividend Declaration

24.07.15 - Annual Financial Report for the period to 31 March 2015

02.07.15 - Dividend Declaration

02.07.15 - Quarterly Fact Sheet

13.05.15 - Director's Other Directorship

01.04.15 - Dividend Declaration

07.04.15 - Quarterly Fact Sheet

13.02.15 - Half Yearly Financial Report for the period to 30 September 2014

06.01.15 - Quarterly Fact Sheet

06.01.15 - Dividend Declaration

18.11.14 - Final DNA3 Accounts

18.11.14 - Results of General Meeting

14.10.14 - ANN Notice AGM

06.10.14 - REVISED Notice and Form of Proxy

01.10.14 - Quarterly Fact Sheet

01.10.14 - Dividend Declaration – Corrective Announcement

17.09.14 - Change in Directorate

01.09.14 - Proposed Cancellation of Listing on CISEA

31.07.14 - Annual Financial Report

08.07.14 - Change of name of Administrator and Company Secretary

02.07.14 - Asset Man' report announcement

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01.04.14 - Dividend declaration

01.04.14 - Quarterly Fact Sheet Quarter 1 2014

13.01.14 - Change in Directorate

08.01.14 - Asset Managers report announcement

07.01.14 - Quarterly Fact Sheet Quarter 4 2013

07.01.14 - Dividend declaration

07.01.14 - Change of Registered Office

19.12.13 - DNA3 Half-yearly Financial Report Announcement

18.12.13 - Half Yearly Financial Report for the period to 30 September 2013".

13.12.13 - Notification of Transaction by Director

25.11.13 - Half-yearly Financial Report Announcement

01.10.13 - Dividend Declaration

01.10.13 - Asset Manager's Report


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