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Emirates Group reports best financial results in FY2011

11-May-2011 1:16 PM

Emirates Group revenue up 26% – financial* highlights for the 12 months ended 31-Mar-2011:

  • Revenue: USD15,629 million, +26.4% year-on-year;
    • Emirates Airline: USD14,808 million, +25.2%;
      • Passenger: USD11,276 million, +25.5%;
      • Cargo: USD2397 million, +27.6%;
      • Excess baggage: USD79.8 million, +5.4%;
    • Dnata: USD1200 million, +39.4%;
  • Operating costs:
    • Emirates: USD13,326 million, +22.7%;
      • Fuel: USD4580 million, +34.4%;
      • Labour: USD2074 million, +15.6%;
  • Operating profit: USD1618 million, +44.1%;
    • Emirates: USD1481 million, +52.6%;
    • Dnata: USD136.1 million, -10.6%;
  • Net profit: USD1615 million, +42.9%;
  • Total assets: USD19,461 million, +18.8%;
    • Emirates: USD17,723 million, +17.2%;
    • Dnata: USD1762 million, +39.5%;
  • Cash: USD4363 million, +28.3%;
    • Emirates: USD3805 million, +32.9%;
    • Dnata: USD558.4 million, +3.5%;
  • Total liabilities:
    • Emirates: USD12,031 million, +16.1%;
  • Passenger numbers: 31.4 million, +14.5%;
  • Passenger load factor: 80.0%, +1.9 ppt;
  • Passenger yield: USD 7.71 cents, +8.4%;
  • Cargo volume: 1.8 million tonnes, +11.8%;
  • Unit costs per ATK: USD 40.57 cents, +9.6%;
  • Units costs per ATK excl fuel: USD 26.14 cents, +2.1%. [more]

*Based on the conversion rate at USD1 = AED3.6727

Emirates: “Looking ahead we have no plans to deviate from our proven strategy of investing in our business and focusing on core customer service. As we continue to grow, we are ambitious enough to believe that we can stimulate change in the aero political arena, for the benefit of the industry and the customers that it serves,” Sheikh Ahmed bin Saeed Al Maktoum, Chairman and CEO. Source: Emirates, 10-May-2011.