He stressed that the financial performance indicators for Emirates Airlines are good and excellent, and the results are positive

Ahmed bin Saeed: The performance indicators of the tourism sector in Dubai are “promising and good”

• The increase in fuel prices and costs significantly affects the aviation sector and its profitability.

  Cinematography: Mostafa Qassimi

picture

His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airlines and the Group, said that “the indicators of the airline’s financial performance during the current fiscal year, starting from the first of last April, are good and excellent, and the results are positive,” noting that the measures taken by The measures taken by the government over two years during the epidemic contributed to strengthening the movement and returning to a faster recovery, noting that “the movement and indicators are promising and good regarding the performance of the tourism sector, which constitutes an important part of Dubai’s economy.”

His Highness explained, "The indicators of reservations are excellent, and we hope to continue this performance during the summer," stressing that "(Emirates Airlines), during the current fiscal year, will not receive any financial support from the Dubai government, and the carrier will pay, at the end of the current fiscal year, part of this. Support at intervals, with the continued recovery of international travel.” His Highness pointed out that for Emirates Airlines, the movement has returned to levels before the pandemic by 75%, and we hope to reach 100% by the end of this year.

vital sector

In detail, His Highness Sheikh Ahmed bin Saeed Al Maktoum, Supreme Chairman and CEO of Emirates Airlines and the group, said that "the Arabian Travel Market 2022 is witnessing great movement and activity," referring to the continuous recovery of this vital sector, stressing that His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, brought Dubai to this stage in the field of tourism and travel and built a basic pillar for this sector.

His Highness added, to the media on the sidelines of the Arabian Travel Market 2022: "We note that the movement has begun to return to its previous state during the last period due to the (Covid-19) pandemic," noting that for "Emirates Airlines", the movement has returned to its levels by 75%. % compared to pre-pandemic rates, and we hope to reach 100% by the end of 2022.

His Highness stated that the return to pre-pandemic levels is linked to international markets, noting that "some countries still have restrictions regarding the international travel market," noting that "full recovery and growth depends on fully opening markets."

His Highness said, "From the first of last April, until today, during the current fiscal year, which ends next March, the financial performance indicators of the carrier are good and excellent, and the results are positive."

fuel costs

His Highness stated that the increase in fuel prices and costs significantly affects the aviation sector and its profitability, pointing out that "air carriers are trying to raise ticket prices to cover the costs of this (partial), and it is difficult to predict energy prices."

His Highness added, "We always hope that fuel prices will be at reasonable levels that both companies and travelers can afford."

He stressed that "the measures taken by the government over two years during the epidemic contributed to strengthening the movement and returning to a faster recovery," explaining that "everyone reaped the fruits of these efforts, including citizens, residents and investors in the UAE."

His Highness pointed out that "the movement and indicators are promising and good regarding the performance of the tourism sector, which constitutes an important part of Dubai's economy, in light of the measures taken by the government to deal with the pandemic."

His Highness added that "the results in the coming months will be positive as conditions improve," noting that the improvement is also linked to the return of business in global markets as well, the movement of new investments and the continuation of commercial investment.

Reservations Indicators

His Highness explained that "the indicators of reservations are excellent, and we hope to continue this performance during the summer, in light of the thirst for travel."

His Highness stressed that "(Emirates Airlines) during the fiscal year will not receive any financial support from the Dubai government," expecting that "by the end of the current fiscal year, the carrier will pay part of this support at intervals, while the international travel movement continues to recover."

He explained that «the carrier has a fleet of aircraft in service, in addition to the return of (Airbus A380) aircraft, which will contribute to providing a greater seat capacity».

His Highness stated that "(Emirates Airlines) received a number of (Airbus A380) aircraft during the pandemic period," stressing that "there will be no shortage of capacity due to aircraft delays during the coming period."

Regarding the delay in the schedules for the delivery of new aircraft, His Highness said, “Negotiations are always going on with the manufacturers (Airbus and Boeing), and that the delay in receiving came from the manufacturers due to the conditions faced by the aviation sector, but these conditions and delays in receipt, did not The expansion plans of the carrier are hindered, especially since during the pandemic period, (Emirates Airlines) received some (A380) aircraft.”

His Highness said that "the recruitment process in (Emirates Airlines) has been going on for months to keep pace with the growth in the expansion of the carrier and the introduction of more aircraft into service," adding that "the decision of any tendency to offer part of Dubai's airlines in the financial markets is up to the government." .

With regard to returning to Al Maktoum International Airport, His Highness said, "It depends on the size of the capacity at Dubai Airport."

The return of the fleet

His Highness Sheikh Ahmed bin Saeed Al Maktoum, Supreme Chairman and CEO of Emirates Airlines and the group, said that “(Emirates Airlines) has succeeded in gradually returning its fleet to service, and that during the current period, (A380) aircraft are being returned to service, as needed on the every destination, and we hope that the entire fleet will be returned by the end of this year, especially in light of the high demand for travel that we are witnessing during the current period.”

130 passenger destinations

Emirates Airlines serves more than 130 passenger destinations with its entire fleet of Boeing 777 aircraft, consisting of more than 140 aircraft, and about 70 A380 aircraft, and aims by the end of this year to operate about 90 A380 aircraft.

Ahmed bin Said:

• “(Emirates Airlines) during the current fiscal year will not receive any financial support from the Dubai government.”

• “The movement has returned to levels before the pandemic by 75%, and we hope to reach 100% by the end of this year.”

Follow our latest local and sports news and the latest political and economic developments via Google news