Emirates Airline Group announces half-year performance for 2017-18, up 4%, on overall capacity expansion of 2%.

image005Group: Revenue up 6% to AED 49.4 billion (US$ 13.5 billion), and profit of AED 2.3 billion (US$ 631 million), up 77%. Results due to capacity optimization and efficiency initiatives, easing of strong US dollar, and steady business growth.
 Emirates: Revenue up 6% to AED 44.5 billion (US$ 12.1 billion), and profit lift of 111% to AED 1.7 billion (US$ 452 million). 29.2 million Passengers carried, up 4%, on overall capacity expansion of 2%.
Dnata: Revenue up 7% to AED 6.3 billion (US$ 1.7 billion), profit up 20% to AED 659 million (US$ 180 million). 330,317 aircraft handled, up 11%, 1.5 million tonnes of cargo handled, up 25%.

The Emirates Group today announced its half-year results for 2017-18. The Group saw steady revenue growth and a rebound on profitability compared to the same period last year, in spite of the continuing downward pressure on margins, a rise in oil prices, and other challenges for the airline and travel industry.

The Emirates Group revenue was AED 49.4 billion (US$ 13.5 billion) for the first six months of its 2017-18 financial year, up 6% from AED 46.5 billion (US$ 12.7 billion) during the same period last year.

Profitability rebounded after a low during the same period last year, with the Group reporting a 2017-18 half-year net profit of AED 2.3 billion (US$ 631 million), up 77%.  This result was driven by capacity optimization and efficiency initiatives across the company, steady business growth, and a more favourable foreign exchange situation compared to the same period last year.

The Group’s cash position on 30th September 2017 was at AED 18.9 billion (US$ 5.2 billion), compared to AED 19.1 billion (US$ 5.2 billion) as at 31st March 2017.

His Highness (HH) Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group said: “A lot of the credits for our 2017-18 half-year results go to our talented workforce who have worked hard to improve our business performance, and address our challenges without compromising on quality and service.

“Our margins continue to face strong downward pressure from increased competition, oil prices have risen, and we still face weak economic and uncertain political realities in many parts of the world. Yet, the Group has improved revenue and profit performance. This speaks to the resilience of our business model, and the agility of our people.

“The easing of the strong US dollar against other major currencies helped our profitability. We are also seeing the benefit from various initiatives across the company to enhance our capability and efficiency with new technologies and new ways of working.  Moving forward, we will continue to keep a careful eye on costs while investing to grow our business and provide our customers with world-class products and services.”

In the past six months, the Group’s employee base reduced by 3% compared to 31 March 2017, from an overall staff count of 105,746 to 102,669. This was largely a result of natural attrition together with a slower pace of recruitment, as various parts of the business adopted new technologies, streamlined business processes and re-allocated resources.

Emirates

Emirates continues to invest in the most advanced wide-body aircraft to improve overall efficiency and provide better customer experience. During the first six months of 2017-18, Emirates received 10 wide-body aircraft – 4 Airbus A380s, and 6 Boeing 777s, with 9 more new aircraft scheduled to be delivered before the end of the financial year. It also retired 5 older aircraft from its fleet with further 4 to be returned by 31 March 2018.

Emirates launched two new passenger services in the first six months of its financial year – to Zagreb (Croatia) and Phnom Penh (Cambodia).  As of 30 September, Emirates’ global network spanned 156 destinations in 84 countries. Its fleet stood at 264 aircraft including freighters.

Emirates continues to provide ever better connections for its customers across the globe with just one stop in Dubai.

In July, the airline announced a partnership with flydubai, leveraging both airlines’ complementary networks to open new city-pair routings for customers, and optimize operations at Dubai International airport. Emirates also announced it will extend its successful partnership with Qantas for a further five years in tandem with joint network adjustments that will offer travellers more connectivity and flight choices to and from Australia and New Zealand.

Overall capacity during the first six months of the year increased a modest 2% to 30.8 billion Available Tonne Kilometres (ATKM). Capacity measured in Available Seat Kilometres (ASKM), grew by 3%, whilst passenger traffic carried measured in Revenue Passenger Kilometres (RPKM) was up 5% with average Passenger Seat Factor rising to 77.2%, compared with last year’s 75.3%.

Emirates carried 29.2 million passengers between 1 April and 30 September 2017, up 4% from the same period last year. The volume of cargo uplifted at 1.3 million tonnes is up 5% while yield improved by 8%. This solid performance speaks to Emirates Sky Cargo’s recent investments in products and services tailored to key sectors, and it is also a positive sign of a gradual recovery in the global air freight market.

In the first half of the 2017-18 financial year, Emirates net profit is AED 1.7 billion (US$ 452 million), up 111%, compared to last year. Emirates revenue, including other operating income, of AED 44.5 billion (US$ 12.1 billion) was up 6% compared with the AED 41.9 billion (US$ 11.4 billion) recorded during the same period last year. This result was driven by improved seat load factors, tight control on capacity deployment, and the strengthening of currencies in Emirates’ key markets against the US dollar.

Emirates operating costs grew by 4% against the overall capacity increase of 2%. On average, fuel costs were 14% higher compared to the same period last year, this was largely due to an increase in oil prices (up 11% compared to same period last year), as well as an increase in fuel uplift of 3% due to Emirates’ expanding fleet operations. Fuel remained the largest component of the airline’s cost, accounting for 26% of operating costs compared with 24% in the first six months of last year.

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Dnata

dnata saw steady growth across its global businesses which now span 84 countries. In the first half of 2017-18, dnata’s international operations accounted for over 67% of its total revenue.

dnata’s revenue, including other operating income, is AED 6.3 billion (US$ 1.7 billion), a 7% increase compared to AED 5.9 billion (US$ 1.6 billion) last year.  This performance was underpinned by robust organic business growth, particularly in its international airport operations business with its previous cargo and ground handling acquisitions contributing to the 2017-18 half year performance.

Overall profit for dnata is up by 20% to AED 659 million (US$ 180 million). This was driven by dnata’s continued focus on extracting operational, process and cost efficiencies across all business streams, and supported by strong performances from both its international and UAE airport operations divisions, with new customers won and the expansion of existing contracts.

dnata’s airport operations remained the largest contributor to revenue with AED 3.4 billion (US$ 922 million), a 9% increase compared to the same period last year.  Across its operations, the number of aircraft handled by dnata increased by 11% to 330,317, and it handled 1.5 million tonnes of cargo, up 25%.

This reflects new customer contracts won across the network, and expansion to new locations such as Rio de Janeiro and Amsterdam (ground handling) as well as the overall upturn in global cargo volumes. In the first six months of 2017-18, dnata continued to strengthen its international footprint with the acquisition of AirLogistix USA marking its entry into the US cargo market and expanded its marhaba lounge product to new markets in Australia and Pakistan.  Additionally, a new maintenance base was opened in Singapore and a new cargo facility was opened in Adelaide.

dnata’s travel division contributed AED 1.5 billion (US$ 420 million) to revenue, up 3% from the same period last year. The division’s underlying net sales remained stable at AED 5.5 billion (US$ 1.5 billion).

This was a good performance in the face of increased competition and a challenging landscape. dnata’s investment in technology has included rolling out Avaya to connect its contact centres globally, and a new proprietary booking system for Emirates Holidays. The division’s Middle East corporate business secured significant new accounts, and its newly launched bedbank – Yalago – began trading with third parties. Australia was a new market for cruise, and has already delivered a strong performance with growth continuing across this segment. dnata’s travel division continues to build a strong management team with key personnel changes geared to lead the business and extract synergies across its extensive portfolio of travel brands.

dnata’s flight catering operation, contributed AED 1.1 billion (US$ 298 million) to its total revenue, up 4%. The number of meals uplifted dropped 7% to 31.8 million meals for the first half of the financial year. The unit’s improved performances in Australia, Singapore, Romania and Czech Republic was dampened by key contracts lost in UK and Italy primarily from Alitalia and Monarch Airlines which ceased operations.

In the first six months of the year, dnata’s catering unit continued to win contracts from new customers and expand existing customer relationships. It also opened a new state-of-the-art kitchen in Melbourne, and invested to expand its capabilities in other value-added inflight services such as onboard retail.

 

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Sharon Ooja, Toke Makinwa, , Uti Nwachukwu Attend GTBank Fashion Weekend Pre-Event Cocktail

 

In the heart of Victoria Island at the Temple Muse conceptual store, the crème de la crème of fashion and lifestyle in Lagos enjoyed an evening of cocktails and great music from the decks of DJ Obi and DJ KoolJay.

The occasion was the GTBank Fashion Weekend Pre Event Cocktail, a glimpse of the fun planned for Fashion Weekend on the 11th and 12th of November.

Stepping into the exclusive party greeted by the beautiful Sharon Ooja and Timini Egbuson who were hosting the red carpet videos for GTBank’s Ndani TV was very pleasant but also intimidating. Sharon was a complete #Bellastylista in a S.O.M.O multiple side pleat blush and damask fabric set. While Timini kept things cool in an ankara set from menswear brand Lookslikeagoodman.

Ik Osakioduwa kicked off the activities with a welcome bit of comic relief inside the boutique which had been totally transformed to a dimly lit party space, with more of the invited guests taking in the vibes of the night – drink in hand and munching on samosas.

The transitioning of the music from the 70s, 80s, to the 90s sure made the atmosphere jolly, close buddies like Teni Sagoe, Denola Grey, Papa Omisore and Latti Ronx Bamisedun among other glittering crew of friends shared laughs in between snapchat photos and cute boomerangs.

One of the highlights of the night was the well-curated mini fashion show TheStyleInfidel put together showcasing pieces from brands that will be showing at the GTBank Fashion Weekend and also stock at Temple Muse.

Credit: BellaNaijaStyle

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Emirates Enhances Nigeria service Increases flight, Offers Special Fare to Dubai

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Emirates announced today it will reinstate its second daily service to Lagos and resume operations to Nigeria’s capital city, Abuja, with four weekly flights from 15 December 2017.

Similar to the current daily service between Dubai and Lagos, the added frequencies to Lagos will be operated with Emirates’ Boeing 777-300ER aircraft, offering eight private suites in First Class, 42 lie-flat seats in Business Class and 310 spacious seats in Economy Class. The reinstated service to Abuja will be served by a 360-seat Boeing 777-300 in a three-class configuration.

However, Emirates will be offering Nigerian travellers the opportunity to visit Dubai with a special Economy and Business Class return airfare that includes a free third piece of luggage of up to 23 kg.

Under the special offer, an Economy Class ticket from Lagos to Dubai costs USD899 and Business Class USD3499. The fare offer is for a limited time only and tickets must be booked between 1st November and 17 November 2017.

Travel must take place between 1st November 2017 and 30 March 2018. The cost of the ticket includes airport taxes. Seasonality and blackout dates apply as well as other terms and conditions.

“Nigeria is a key market for Emirates and its importance is reflected by the fact that we will add 11 weekly flights between Dubai and two major cities in Nigeria, Abuja and Lagos. This is great news for both our business and leisure customers and highlights our commitment to providing travellers in Nigeria with not only the very latest in aircraft innovations but also increased connectivity,” said Orhan Abbas, Emirates Senior Vice President, Commercial Operations, Africa. “We thank the Nigerian authorities for facilitating the reinstatement of our flights to Abuja and Lagos which will, in turn, greatly benefit Nigerian tourism, trade, investment and economy at large.” added Mr Abbas.

By operating a double daily service to Lagos and four weekly flights to Abuja, Emirates will offer travellers in Nigeria very convenient and comfortable access to Dubai, and onwards to other destinations on the Emirates network, including more than 35 destinations in the Middle East and Far East, 18 destinations in South Asia and over 20 destinations in the Americas and Australia. Many of these destinations are served by Emirates’ iconic A380 aircraft.

Apart from the increased passenger capacity, the new flights will provide up to 23 tonnes of cargo capacity per flight, giving businesses and traders more opportunities for increased imports such as electronic goods, construction equipment and pharmaceuticals, and exports such as fresh produce and perishables.

The added Lagos flight EK781 will depart Dubai every day at 0355hrs and arrive in Lagos at 0905hrs. The return flight EK782 will depart Lagos at 1240hrs and arrive in Dubai at 2255hrs. The Abuja flight EK785 will depart Dubai every Monday, Wednesday, Friday, and Saturday at 1035hrs and arrive in Abuja at 1535hrs. The return flight EK786 will depart Abuja at 1855hrs and arrive in Dubai at 0435hrs the next day. The arrival of the flight in Dubai is conveniently timed to enable a shorter transit period for customers connecting to Emirates’ early morning flights to popular destinations such as New York, Houston, London, Beirut, Bangkok, Jeddah, Medina, Singapore, Beijing, Shanghai, Guangzhou, Mumbai, Delhi and Sydney, amongst others, which are popular cities for Nigerian travellers.

Customers on Emirates can look forward to the famed on board service and hospitality from its multi-national cabin crew including Nigerians, as well as enjoy regionally and internationally inspired meals and complimentary beverages.  Passengers can also enjoy Emirates’ award winning ice entertainment system, offering up to 2500 channels of on demand movies, television programmes, music, audio books and music. Families with young children are also well catered for with special products and services to ensure a comfortable and enjoyable flight, from free toys to kid’s meals and entertainment, as well as priority boarding.

Emirates launched services to Nigeria on 2 January 2004 with four flights per week from Dubai to Lagos linked with Accra in Ghana, using an A330-200 aircraft. Just over a year later Emirates increased its services from four to six flights a week, and following further demand, it became a daily operation in October 2005. On 1 January 2006, Lagos was delinked from Accra and became a direct service to Dubai. Emirates operated a second daily service to Lagos between February 2009 and June 2016 and daily flights to Abuja between August 2014 and October 2016. From 15 December 2017, Emirates will operate 18 weekly flights between Dubai and Nigeria.

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Emirates unveils aircraft with new Expo 2020 Dubai livery

Picture1Emirates has unveiled the first aircraft in its fleet with a new livery dedicated to Expo 2020 Dubai. The decal was installed on A6-EPK, an Emirates Boeing 777-300ER aircraft, at the Emirates Engineering hangar.

The unique and striking livery is based on the Expo 2020 logo inspired by an ancient gold ring excavated in Dubai and it underlines Emirates’ support for the vision of Expo 2020 Dubai. Emirates is the Official Airline Partner of Expo 2020 Dubai.

Emirates will be installing three different decal designs to reflect the different themes of Expo 2020- namely opportunity, mobility and sustainability. The theme of the first decal installed was ‘mobility’ which also relates to Emirates’ role as a connector of people, places and opportunities, as the airline links over 150 destinations in 84 countries to, from, and via its hub in Dubai. The main theme of Expo 2020 Dubai also revolves around ‘Connecting Minds, Creating the Future’.

His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group said: “Expo 2020 Dubai will be an important platform facilitating a global exchange of ideas, collaborations and partnerships across a range of industries and domains. Emirates is gearing up for this landmark occasion and championing the vision of ‘Connecting Minds and Creating the Future’ through the new Expo 2020 decals that will be installed on our aircraft.”

Her Excellency Reem Al Hashimy, UAE Minister of State for International Cooperation and Director General Expo 2020 Dubai Bureau said: “We are delighted to see Emirates, our first Premier Partner, expressing its support for Expo in this way. We are planning to host the first World Expo where the majority of our visitors will be travelling internationally. By carrying our logo across the world on its aircraft, Emirates is playing an important role in helping us promote that goal.”

Emirates will dedicate a total of 40 aircraft from its fleet, both Airbus A380s and Boeing 777s, to be emblazoned with the dedicated Expo 2020 decals starting in 2017 through to the end of Expo 2020 Dubai. In addition, all aircraft in Emirates’ fleet will also carry a new Expo 2020 nose decal.

The Expo 2020 decal installed by the Emirates Aircraft Appearance Centre is one of the largest decals to be applied on an Emirates Boeing 777 aircraft. It is also the first time that the surface area on top of the aircraft has been covered by a decal. The Expo decal applied on the Boeing 777 covers over 40% of the aircraft fuselage surface area. The design spans over 37.8 metres in length and 12 metres in width. The decal was designed, printed and installed by Emirates’ in-house graphic shop team. It took a team of 6 staff over 84 hours to complete the decal installation.

The Emirates Aircraft Appearance Centre has installed a number of eye-catching decals on Emirates’ aircraft over the years including the majestic ‘United for Wildlife’ decals and a number of customized decals celebrating Emirates’ football partnerships and a global love for sports.

Emirates will be installing three different decal designs to reflect the different themes of Expo 2020/ Emirates unveils aircraft with new Expo 2020 Dubai livery

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Emirates Offers Special Fare to Dubai and Free 3rd Piece of Luggage

 

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Emirates is offering Nigerian travellers the opportunity to visit Dubai with a special Economy and Business Class return airfare that includes a free third piece of luggage of up to 23 kg.

Under the special offer, an Economy Class ticket from Lagos to Dubai costs USD899 and Business Class USD3499. The fare offer is for a limited time only and tickets must be booked between 1st November and 17 November 2017.

Travel must take place between 1st November 2017 and 30 March 2018. The cost of the ticket includes airport taxes. Seasonality and blackout dates apply as well as other terms and conditions.

Voted by travellers as the Best Airline in the World in the 2017 TripAdvisor Travellers’ Choice® Awards, Emirates is offering a free third piece of luggage of up to 23kg for Economy Class and up to 32kg for Business Class. This is in addition to the current allowance of two pieces of up to 23kg in Economy Class and two piece of up to 32kg in Business Class.

With year-round sunshine, world-class shopping and restaurants, stunning beaches and iconic buildings, Dubai offers something for the whole family. Visitors to Dubai can also experience some of the city’s newest attractions including must-see places like Dubai Parks and Resorts featuring three theme parks: Bollywood Parks™ Dubai, MOTIONGATE™ Dubai, as well as the region’s first LEGOLAND® Park and LEGOLAND® Water Park.

The city also offers a wide range of accommodation to suit all budgets.

On all Emirates’ flights, customers can look forward to hours of entertainment on the airline’s ice system, which offers over 2500 channels of on demand audio and visual entertainment, from the latest movies, music, audio books and games, as well as family friendly products and services for children, including complimentary toys, kids’ meals and movies, priority boarding for families and the use of free strollers at Dubai International Airport.

In addition to the on-board comforts and products, customers will experience the world famous hospitality from Emirates’ multinational cabin crew while enjoying chef prepared regional and international cuisine, using the freshest ingredients, accompanied by a wide range of complimentary wines and beverages.

Emirates flies once a day from Lagos International Airport to Dubai. To book, or for more information on fares, terms and conditions, please visit www.emirates.com/ng or visit the local Emirates office or your travel agent.

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Meet British Designer, Giles Deacon; the GTBank Fashion Weekend Masterclass Coach

 

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The British designer, Giles Deacon, will be at the GTBank Fashion Weekend to give a Masterclass filled with insights, drawing from his experiences, challenges, and success as a fashion illustrator.

What does it take to start—and, more importantly, sustain—a new fashion brand? This is a question that is pertinent on the mind of fashion entrepreneurs and in a wider sense, a question that people in every kind of business tend to ruminate over.

Giles Deacon had to contemplate this question when he launched his eponymous fashion line in 2004. Deacon didn’t always want to be a fashion designer. The British designer grew up hoping to be a marine biologist. But once he discovered his passion for illustration, he attended Central St. Martens, a public tertiary art school in London, England.

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Ever since his groundbreaking debut in 2004, the British designer has fine-tuned his vision of challenging the traditional ideas of women’s wear. He spent time at the Louis Vuitton, Bottega Veneta, and Gucci studios, among others, and he’s honed his knack for mixing superior craftsmanship with whimsical irreverence. One of the hottest tickets on London runways, Giles dabbles with unlikely proportion and padding, wild prints, and pop-culture references and has dressed popular celebrities such as Angelina Jolie, Thandie Newton, Kate Moss, Sarah Jessica Parker, and Solange Knowles, amongst several others.

This brings us back to the question, “What does it take to start—and, more importantly, sustain—a new fashion brand?” Giles Deacon would be at the GTBank Fashion Weekend on the 11th and 12th of November 2017, to give a Masterclass filled with insights and enlightening answers on this question, drawing from his experiences, challenges, and success in the fashion industry.

To register for his Masterclass. Click on this link: https://fashionweekend.gtbank.com/register-for-masterclass/

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Dettol Makes Handwashing Fun with “Letter for Life” Campaign

IMAGE 1.jpgAccording to the World Health Organization, Diarrhoea disease is the second leading cause of death in children under five years old, and is responsible for killing around          525,000 children every year. These deaths can be prevented through the simple act of handwashing with soap which can break the chain of infection.

Dettol, one of Nigeria’s leading brands, led the 2017 Global Handwashing Day celebrations by launching a nationwide campaign themed “Letter for Life”. The campaign was a unique way to get children interested in washing their hands, as well as also get them to spread the message of handwashing, from one child to another.

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IMAGE 4IMAGE 4(2)To do this, the Dettol team went around to various primary schools in Nigeria through its annual School Hygiene Program, taught them proper hand washing habits, and in turn the children wrote hygiene letters. These Letters along with a free bar of Dettol soap were distributed to children who do not have access to soap.

IMAGE 5.jpgIMAGE 9IMAGE 10.jpgTo mark the 2017 Global Handwashing Day, Dettol organized an event at the Morroco Military Primary School Yaba in Lagos state, where they donated 12 hand washing sites to help inculcate proper handwashing habits to the school children. At the event, over 700 school children were taught about proper hand hygiene in a fun and engaging way through an entertaining Dance Drama and the handwashing song

Speaking at the event, the Managing Director, West Africa, Rahul Murgai stated that “ at RB ( Reckitt Benckiser) , our global vision is to provide the world with innovative solutions and products for healthier lives and happier homes. Dettol has been the trusted champion for good health and hygiene for over 50 years in Nigeria, and we believe that it’s important to inculcate good habits such as proper handwashing at an early age. A simple act of washing your hands with soap can prevent illness and arrest diarrhoea related deaths, which is why we are donating these 12 handwashing sites to the children of this school. Over the past 7 years, we have provided over 32 handwashing sites and have educated over 7 million children, parents and teachers, about the importance of hand washing through our School Hygiene Program, which is a mass consumer education program to educate about proper handwashing habits.

IMAGE 11.jpgSpeaking further at the event, Marketing Director, RB West Africa, Aliza Leferink, went on to add; “The Dettol brand has been at the forefront of providing health and hygiene messages via its products and initiatives in Nigeria. Our theme for the 2017 Global handwashing day is “A Letter for Life”. With this theme, we wanted a unique way to get children interested in washing their hands, as well as also get them to spread the message of handwashing, from one child to another. With these activities, we are creating awareness about the seriousness of the cause and also educating people on how they can prevent these deaths by the simple act of handwashing.  Dettol works closely with the Ministry of Health, Save the Children International and the Nigerian Medical Association on social programs to create scaled awareness to reduce Diarrhoea related deaths.”

IMAGE 12IMAGE 13DSC_0286-2.jpgPresent at the event were dignitaries that graced the occasion that included the Chief of Party, Stop Diarrhoea Initiative, Save the Children International; Mr. David Atamewalen, Director of Disease Control, Lagos State Ministry of Health; Dr. Erinosho Ashimiu Eniola, ably represented, Chairman Lagos State Universal Basic Education Board (SUBEB);  Mr. Ganiyu Sopeyin ably represented by Mrs. Y.M. Makinwa, President, Women Arise Initiative; Dr Joel Okei-Odumakin, Chairman, Yaba Local Council Devt Area; Hon. Omiyale Adejare, ably represented, Star actress on Nnenna & Friends; Mrs Yinka Olukunga, Brig. Gen. M.A.E. Okeji, ably represented by Col. O.O. Oladiran, Education Secretary, Lagos Mainland Education Authority (ILGEA); Mr Tijani Tajudeen, amongst others.

IMAGE 16.jpgRB* is the world’s leading consumer health and hygiene company. Some of its well-known brands include; Dettol, Harpic, Mortein, Durex, Airwick, Strepsils, Gaviscon and Nurofen.

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