Ashraf

It is obvious AJ n Co are clueless in managing the airline. There are 4 leakages in yield or inventory management from my point of view: 1. Redemption of miles - when flights are running full, above 85%, Enrich members ares still allowed to redeem their miles. In most airlines this will not be permitted. 2. In most airlines, only immediate family members are entitled to staff discounts, but with MH, even extended family members can fly unlimited flights at huge discounts. 3. With OneWorld, their discounts are further extended to other partner airlines and even in business class! In most airlines, the front cabin yields make the difference between profits and loss. 4. New routes does not require fare dumping, but MH does that all the time! The Dubai route is an example. MH priced their introductory fares at 35% below EK. Why not just 10% below EK? A source mentioned that in the first 4 months on the Dubai route, MH lost some MYR4 million ! Any other leakages?

Emirates named most valuable airline brand worldwide Emirates, a global connector of people and places, is the most valuable airline brand worldwide for the third consecutive year, according to The Brand Finance Global 500 report for 2014 that was released this week. The airline, now at the 234th position in the list, is also the most valuable brand in the Middle East for the fourth consecutive year, and is currently valued at US $5.48 billion, an increase of 34 per cent over its 2013 value. http://www.eturbonews.com/42969/emirates-named-most-valuable-airline-brand-worldwide

I think this is someone's idea of making a fast buck

Hahaha...MH must be bleeding but they don't tell us anyway

AJ should quit since losses are even more than previous year....no point in saying he has 1 year left on his contract. Khazanah should then replace him NOW rather than later as he is not able to guess what is going to happen next!

Temporary replacement until 26jan....the 380 will be back after that

EK has replaced the A330 with the B772 effective today.

At least 20% increase in fares will be required to go back to black. Look at Emirates, 25 years consecutive profit but never dumped prices

Okay I'm going

airlines don't guarantee the aircraft type....for the info of everyone

It is actually much nicer in the actual photos than the drawing.

To say that you were not aware is bull5hit. When you get your advertising agency to advertise, the agency will advise you of the laws of advertisement. They must have chosen to ignore the advice and gamble with this! Even if the agency is not aware, the newspaper will then advise the agency of the implications of the advertising laws. I've gone through this before thats why i know.

Well when you reduce destinations, you will most likely reduce costs as well.

The news is TK will fly into KUL sometime between July and Dec 2013.

DUBAI, UAE – 12 November 2012 - The Emirates Group today announced its half yearly results which remain robust despite continued global economic pressure and continued high fuel prices. The Emirates Group posted a AED 2.1 billion (US$ 575 million) net profit for the first six months of its current fiscal year ending 30th September 2012, up 68 per cent from AED 1.3 billion (US$ 343 million) from 30th September 2011. Despite fundamental challenges, the Group’s revenue and other operating income rose to AED 38.2 billion (US$ 10.4 billion) an increase of 16 per cent over the last year’s results. This constitutes the first time in the Group’s history that revenue surpassed the US$ 10 billion mark in a six month period. The Group’s cash position on 30th September 2012 remained strong at AED 15.2 billion (US$ 4.1 billion), compared to AED 17.6 billion (US$ 4.8 billion) as of March end 2012. The AED 2.4 billion difference in the cash balance is primarily resulting from a AED 2.0 billion Sukuk bond repayment in June 2012. “The Emirates Group half-year performance is the result of hard work and our drive to stay on course and continue to grow despite the precarious marketplace,” said His Highness (HH) Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group. “We have continued to invest in the infrastructure of both Emirates and dnata and it continues to pay off.”Even with a challenging operating environment, the Group continued to invest in and expand on its employee base, increasing its overall staff count by more than 8 per cent in just six months to nearly 68,000. During the first six months of the fiscal year Emirates received 13 wide-body aircraft, including two A380s and ten Boeing 777s and one freighter, with more than 15 new aircraft scheduled to be delivered before the end of the financial year (31 March 2013). As the fleet increased, Emirates further invested in its network by adding five new destinations that have joined the 10 new routes added since 30 September 2011, for a total of 15. On its strong upward trajectory, Emirates continues to be one of the fastest growing airlines in the world. In spite of unstable global economic, geopolitical and environmental conditions Emirates continues to make a profit. In the first half of the 2012-13 fiscal year, Emirates net profit is AED 1.7 billion (US$ 464 million) up 104 per cent from AED 836 million (US$ 228 million). “Emirates remained focused on its growth and global expansion despite on-going fluctuating exchange rates and ever lingering high fuel prices which accounted for 39 per cent of our expenditures, down 2 percentage points from last year,” said HH Sheikh Ahmed. “The instability in the market over the past six months has put Emirates to the test, and once again we have risen to the challenge, our results speak for themselves.” Equipped with the world’s largest fleet of A380s and the largest fleet of Boeing 777s Emirates continues its broad, global expansion now flying to 126 destinations up from 114 last year to 74 countries compared with 67 last year. The airline has launched five new destinations since 1st April 2012 including Ho Chi Minh City, Barcelona, Lisbon, Erbil and Washington, D.C. Additional new routes to be added during the second half of the fiscal year include Adelaide, which launched 1st November and the upcoming routes of Lyon, Phuket, Warsaw and Algiers. New A380 destinations for the airline for the first six months of fiscal year 2012-13 included Tokyo and Amsterdam bringing the total number of A380 destinations to 19. In the first-half of its financial year 2012-13, Emirates posted strong business growth, both in terms of capacity on offer and traffic carried, performance that has been in sharp contrast to the current trend seen across the aviation industry. Capacity measured in Available Seat Kilometres (ASKM), grew by 17.3 per cent, whilst passenger traffic carried measured in Revenue Passenger Kilometres (RPKM) was up 17.8 per cent with Passenger Seat Factor sustained at a high level, averaging 80 per cent, slightly above last year’s 79 per cent. Emirates carried 18.7 million passengers since 1st April 2012, up 15.4 per cent for the same period last year. The volume of cargo uplifted was up by more than 16 per cent, a significant growth against the market trend. Emirates revenue, including other operating income, of AED 35.4 billion (US$ 9.7 billion) was higher by 17 per cent compared with AED 30.2 billion (US$ 8.2 billion) recorded last year, largely reflecting a strong passenger yield based on constant high fuel prices. In the summer of 2012, the financial community continued to show confidence in Emirates as the airline successfully raised financing for four A380's using the debt capital market in the United States – a first for a non-US airline for many years.

If Dubai had that sort of money, wouldnt it even be in the kind of debt it was in a few years back and still is today? In fact not many people realize that Dubai is driven by trade, shipping, tourism, etc. as oil only accounts of 10% of its economy. Therefore the notion that EK gets cheap fuel does not hold water. A lot of people also get confused between Dubai and UAE.It is Etihad that has bags of money as Abu Dhabi (the capital of UAE) bankrolls it. EK has been profitable for the last 20 years and a healthy cash balance allows it to obtain loans from financial institutions, please check their website as you can see its audited accounts for the last 10 years, unlike the oher middle east airlines who do not disclose if they actually make a profit or loss. EK's fares are also at least 20% higher than EY, therefore it is more commercially driven than its neighbour. As a matter of fact EK paid USD250 million in royalty last year to the Dubai government. Now am waiting to see if MH can do the same.

EK to fly 4th daily effec. 3dec....

I believe with the opening of the new A380 terminal, this will free up the space at T3 ?

QR flies lots of new routes on A320s....while EK uses B777....in terms of capacity it is less than half of EK and with less frequency.

Ek343 from 26jun to 30jun is operated by A388......wonder if we will see 2 A380 taking off one ater another on 1jul...one MH to LON and one to DXB?

EK posts profits but a reduced one. http://www.ameinfo.com/emirates-profits-fall-72-fuel-costs-300025

Very aggressive for an airline that only flies single aisle a320 from doha to some parts of europe. I wonder if many malaysians will enjoy 6 hours flight on a320 to Geneva!

EK has a number of A380s grounded due to the wing checks, this has brought back the B777s and the wing checks will continue till the next 2-3 years, and this will probably apply to MH's A380 as well, which could also go for checks sometime in 2015, unless it is alredy been fitted with the new parts. Only deliveries from June/July 2012 will be spared the wing checks as the aircraft wwould already been fitted with the new parts.

MH can consider themselves lucky as the actual fuel cost increase was in the last 1 month, after their FY ended. At that time jet fuel was @ USD100 per barrel, while it is USD140 per barrel last week. So can you imagine how much more losses they are incurring in the first quarter this year?

talk is cheap...so how much profit did they make????? i know of airlines who post double digit growth in revenue translating to billions in revenue, 85% seat factor, yet makes a miserable profit.