Air Finance Journal Copying and distributing are prohibited without permission of the publisher
Email a friend
  • Please enter a maximum of 5 recipients. Use ; to separate more than one email address.

Emirates reports FY2010/11 results

10 May 2011

The Dubai based airline ended its financial year with a net profit of AED 5.4 billion ($1.5 billion).

Tags: Emirates  |  Dubai  |  Airbus  |  Boeing  |  A380  |  777-300ER

Emirates posted FY/2010-11 results with net profit increase to AED 5.4 billion ($1.5 billion). Total profit for Emirates Group, including its subsidiaries, amounted to AED 5.9 billion, while total revenue was AED 57.4 billion.

"With political instability across parts of the world coming to the fore in the second half of the year, Emirates was able to swiftly adjust flight schedules, redeploying aircraft to balance the network and optimise revenue," says Sheikh Ahmed bin Saeed Al Maktoum, chairman and CEO, Emirates Airline and Group.

He adds that revenue cushioned the airline's profits despite a 25.6% increase in average fuel cost per gallon compared with the previous year's results.  

"This year's record results represent our drive to push the boundaries of aviation, questioning the norms and advocating for open and fair competition."

During FY2010/11 Emirates placed orders for $13.4 billion worth of aircraft, comprising of: 32 Airbus A380s and 30 Boeing 777-300ERs. To read more, click here.

The company has orders for a total of 193 new aircraft worth $66 billion at list prices.

To continue reading this article..

Have your say
  • All fields are compulsory.

Featured deal

AerCap | 08-14 | Com. loan | 4x787-8 03/11/2014
Latest Deal Status Financial close
Overall Arrangers Natixis, Helaba, Credit Agricole CIB, ING Bank
Assets 787-8
Law firm Clifford Chance, Freshfields
Related article

Latest Poll

Bank LTVs for a BB-rated or equivalent rated airline for 10-year secured bank debt for two new 737s, are now approximately:






Upcoming Events