The Emirates Group today announced its half-year results for its 2019-20 financial year.
Group revenue was AED 53.3 billion (US$ 14.5 billion) for the first six months of 2019-20, down 2% from AED 54.4 billion (US$ 14.8 billion) during the same period last year. This slight revenue decline was mainly due to planned capacity reductions during the 45-day Southern Runway closure at Dubai International airport (DXB), and unfavourable currency movements in Europe, Australia, South Africa, India, and Pakistan.
Profitability was up 8% compared to the same period last year, with the Group reporting a 2019-20 half-year net profit of AED 1.2 billion (US$ 320 million). The [...]
Dubai International, DXB, is maintaining its position as the world’s busiest hub for international passengers with traffic reaching 64.5 million passengers in the first nine months of 2019.
According to a press release issued by Dubai Airports today, a total of 23,217,492 passengers travelled through DXB in the third quarter (-2.4% YoY), bringing the year to date traffic to 64,495,241 (-4.5% YoY). The slight contraction in year to date numbers is mainly the result of the closure of one of DXB’s two runways for 45 days for a runway rehabilitation project during May-April, as well as the impact of the worldwide grounding of Boeing 737 Max aircraft since March this [...]
Global travellers will soon be able to choose from an array of exciting and innovative experiences at Dubai International (DXB), following the unveiling of a refreshed brand for the airport. Embodying the spirit of Dubai, the new brand is all set to demonstrate unmatched hospitality, a culture of vibrant imagination, openness to fresh ideas, as well as a mesmerising mosaic of exciting and inspiring experiences.
Understanding dining is an integral part of a traveller’s journey through the airport, DXB has introduced a range of mouth-watering and delectable options to choose from. From the choicest traditional flavours at the S34 Gahwa Mezza Bar, and [...]
dnata, one of the world’s largest air services providers, continues to drive innovation in the Middle East aviation industry by launching a new resource management system in Dubai. The new system, which includes a leading-edge software platform and advanced analytic tools, will help the company optimise operations and efficiently manage its 20,000 employees and resources at Dubai International Airport (DXB) and Dubai World Central (DWC).
The implementation of dnata’s new resource management system is expected to significantly enhance operational efficiency, improve employee productivity and support better on-time performance. The new platform will also allow dnata to [...]
The International Air Transport Association (IATA) revealed that present trends in air transport suggest passenger numbers could double to 8.2 billion in 2037.
The latest update to IATA’s 20-Year Air Passenger Forecast, shows that an increasing shift Eastwards in the center of gravity of the industry is behind the continued strong growth. Over the next two decades, the forecast anticipates a 3.5% compound annual growth rate (CAGR), leading to a doubling in passenger numbers from today’s levels.
The Association warned, however, that growth prospects for air transport, and the economic benefits driven by aviation, could be curtailed if protectionist measures are [...]
Loyalty analytics company Aimia has agreed to sell its Aeroplan business to an Air-Canada led consortium which includes TD Bank, CIBC and Visa Canada Corp.
“We are pleased to see that an agreement in principle has been reached as Aeroplan members can continue to earn and redeem with confidence. This transaction, if completed, should produce the best outcome for all stakeholders, including Aeroplan Members, as it would allow for a smooth transition to Air Canada’s new loyalty program launching in 2020, safeguarding their miles and providing convenience and value for millions of Canadians,” said Calin Rovinescu, President and CEO of Air Canada, on behalf of the [...]
Emirates SkyCargo will carry flood relief cargo of over 175 tons to Kerala, India, joining the UAE community in their support of the people of Kerala. Over more than a dozen flights, the air cargo operator will transport the relief goods, which have been donated by various UAE-based businesses and organisations, to Thiruvananthapuram – the nearest online Emirates station to the areas most affected by the flood. The goods, including lifesaving boats, blankets and dry food items, will be handed over to the local flood relief and aid organisations for distribution.
FedEx Corporation emerged more competitive than ever from fiscal 2018, FedEx said in its Annual Report, “Superior Networks Power Performance.”
“We are very proud of the solid financial and operational results FedEx delivered in fiscal 2018, and I extend a well-deserved ‘Bravo Zulu’ — the naval signal for a job well done — to our more than 425,000 team members worldwide for their dedication to the Purple Promise which simply states ‘I will make every FedEx experience outstanding,’ ” said Frederick W. Smith, chairman and chief executive officer of FedEx.
“It was a year of opportunities and challenges — anticipated and unexpected — and FedEx emerged more competitive than [...]