It will return to work with the full operational capacity of its fleet by the end of 2022

Emirates Airlines expects positive performance in its annual financial results

• The seat occupancy rate for Emirates Airlines flights is 72%, compared to less than 60% during this period of the year.

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• Adel Al-Reda: "The current focus is on existing destinations, increasing our operational capacity to them by 100%, and keeping pace with the demand for travel."

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Emirates Airlines expected to record a positive performance during its fiscal year ending on March 31, 2022, in light of the recovery in the aviation sector and the increase in the demand for travel for tourism or business purposes, noting that it is currently witnessing an occupancy rate of seats on its flights by about 72%.

positive outlook

And Chief Operating Officer of Emirates Airlines, Adel Al Reda, expected the airline to record positive performance during its fiscal year ending on March 31, 2022.

He said, "The results will be better compared to our expectations six months ago, in light of the recovery in the aviation sector, and the increase in the demand for travel for the purpose of tourism or business together, to and from the various destinations to which the carrier operates."

pent-up demand

In statements to the local media, Al-Rida referred to a “pent-up demand for travel” in various markets and stations, stressing that once flights are resumed and travel protocols are relaxed, demand levels will rise by 100% from these stations.

Al-Rida explained that Emirates Airlines has benefited from the policy followed by the UAE with regard to dealing with the “Covid-19” pandemic, and has taken proactive measures in this regard, pointing out that many travelers chose Dubai as their primary destination for them to visit, or conduct their business, proceeding from it.

Occupancy rate

Al-Rida added that Emirates Airlines provides a global network that connects Dubai to various destinations, and thus, has benefited from the emirate's global attractiveness in light of the pandemic.

He said, "We are currently witnessing an occupancy rate of seats on flights of about 72%, compared to less than 60% in the past, and during this period of the year."

Al-Rida continued, "We usually see less movement during the current period of the year, but this year we have witnessed better demand rates, in light of the recovery and the continuous recovery in the air transport sector," expecting that demand will increase at greater rates during the summer.

Operational challenges

Al-Rida added: "In light of the increased demand for travel, especially during the summer, (Emirates Airlines) will continue to increase the volume of its operations, but the only thing facing us is our inability to operate additional flights, due to the shortage of aircraft crews, including pilots and service crews."

And he indicated that the company currently operates all aircraft in the Boeing 777 fleet, numbering 134, including 16 aircraft designated for air cargo operations, in addition to more than 60 Airbus A380 aircraft, noting that the carrier will introduce more aircraft. The Airbus fleet will enter service during the coming period, but this will be linked to the ability to employ crews in aircraft and airports.

Al-Rida pointed out that some airports around the world did not show sufficient willingness to operate more flights, due to the lack of sufficient crews, whether in airports, security and catering departments, or other support sectors, expecting that all these sectors during the coming months will face a challenge in providing employment in line with Increasing demand for travel.

operating power

Al-Rida revealed that Emirates Airlines currently covers all destinations to which flights were suspended at the beginning of the “pandemic”, and is currently working to increase the number of flights, pointing out that some countries and markets have not yet opened their markets.

He continued, "We at (Emirates Airlines) are preparing to operate with the full operational capacity of our fleet at 100% by the end of this year, and we are currently working to be ready at this time."

He added that there is an intention to open new routes and destinations in the coming stages, but the current focus is on the existing destinations, raising our operational capacity to them by 100% and keeping pace with the demand for travel.

Ticket prices

Al-Rida said that the increase in oil prices during the recent period was reflected in the increase in the prices of airline tickets and the adjustment of the fuel tax, pointing out that for Emirates Airlines, the consumer contributes part of this cost, but not all of it, as it is difficult to bear all of this increase. to the consumer.

He detailed: "If oil prices were at levels between $60 and $70, we would have noticed a big difference in the financial results of (Emirates Airlines)," stressing that fuel costs constitute about 35%, and may reach 40% of the total operating costs, according to price levels. .

He pointed out that there is a risk management team in Emirates Airlines that studies fuel prices and the opportunities and options available, to deal with them in the event that oil prices continue to rise.

Adel Al-Reda: "The current focus is on existing destinations, increasing our operational capacity to them by 100%, and keeping pace with the demand for travel."

Boeing 777X and Airbus 350

The Chief Operating Officer of Emirates Airlines, Adel Al-Rida, confirmed that Emirates Airlines has extended the operation of some aircraft in its fleet of Boeing and Airbus aircraft, and has resorted to modernizing its cabins, in order to maintain the level of luxury and comfort for travelers, due to the delay Deliveries of the Boeing 777X program.

He continued, "The carrier continues to hold discussions with (Boeing) regarding the date of delivery of the plane, and we have reached advanced stages of these discussions, in order to determine the best time to receive the plane, but we do not expect to receive the plane within the next two years."

Regarding the date of receiving the Airbus 350 aircraft, Al-Rida said that these aircraft are in service, and there are no production challenges, at a time when Emirates Airlines is currently studying cabin products, and the speed and ability of companies to provide them within a specific time.

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