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عربي

Emirates Airline

  
Also known as: EK, Emirates
 
 
 
 
 
 
 
 
 
 
 
Updated: May 12, 2011
 
 
 
Country

UAE

Ownership Type
Company Type
Joint Stock
 
 
 
 
Principal Activities
Provides scheduled air transportation services for passengers and cargo; involved in ownership and operations of hotels, resorts and spas; travel agents; organizes special events.
 
Date of Establishment Year
1985
 
No of Employees
30,258 Company, 38,797 Group (As of May 11, 2011) view history hide history
Date No of Emp (company)  Yearly Growth No of Emp    (group)  Yearly Growth
31-Mar-2010
28,686
+2%
36,652
+2%
31-Mar-2009
28,037
+18%
35,812
+18%
31-Mar-2008
23,650
+16%
30,177
+15%
31-Mar-2007
20,273
 
26,228
 
 
 
Contact Details
Address:

 
 
 Privatization Details
Subscription
Period:
2010
Size of Offering:
$7,500M to $9,000M
Equity Offering:
25%
 
 
 Sukuk Details
Sukuk Name:
Emirates Airline Sukuk
Type of Structure:
Musharaka
Issue Size (mil):
USD  550.00
Oversubscription:
0.5 x
 
 
 Business Overview
The UAE-based Emirates Airline (EK) provides scheduled air transportation services for passengers and cargo. The company also specializes in tour operations, ownership and operations of hotels, resorts and spas and special events organization, directly and through its subsidiaries in the UAE, the Seychelles and Australia.

Established in 1985, EK is owned by the government of Dubai, through the Investment Corporation of Dubai and under the management of the Emirates Group.

The airline increased its fleet size by 4.23% to148 aircrafts, in 2010 and grew its number of destinations by 8.82% to 111.

EK increased its total annual revenues by 25% to AED53.1 billion (USD14.4 billion) and its net profits by 51.87% to AED5.3 million (USD1.4 million), in 2010.
 
 
15,221 20,782 69 28 48 4,548,998 3 1,652,703 20,838 27,493 71 36 51 5,866,991 3 274,027 870,025,904 1,205,033,239 72 40 49 6,803,545 4 99,734
Zawya Industry Benchmarks  Yr 2009  Yr 2010  Change (%) MENA Industry Avg  
Passenger Traffic 27,454,000  31,422,000  14.45  6,803,545
Fleet Size 142  148  4.23  40
No. of Destinations 102  111  8.82  49
Passenger Load Factor (PLF %) 78  80  2.43  72
Revenue Passenger km (RPK million) 126,273  146,134  15.73  870,025,904
Available Seat km (ASK million) 161,756  182,757  12.98  1,205,033,239
Cargo Carried (Tons) 1,580,000  176,700  (88.82)  99,734
Skytrax Ranking (Stars) (25.00)  4
 
 
 Major Shareholders   
Name   Type  Country  Holding 
Investment Corporation of Dubai  Government UAE 100.00% 
 
 
 Direct Investments and Related Entities 
Subsidiaries/Associates/Affiliates
Name  Country  Holding 
Al Maha Desert Resort UAE 100.00%
Emirates Cap ternay Resort and Spa Seychelles 100.00%
Wolgan Valley Resort and Spa Australia 100.00%
Divisions
Name  Country  Holding 
Arabian Adventures UAE -
Congress Solutions International UAE -
Destination and Leisure Management UAE -
Emirates Airline Foundation UAE -
Emirates Holidays UAE -
Emirates Hotels and Resorts UAE -
Emirates SkyCargo UAE -
Management Company
Name  Country  Holding 
Emirates Group UAE -
 
 
 Financial Results  31-Mar-10  31-Mar-11   Yr on Yr 
  AED'000 AED'000 change (%)
Total revenues  42,477,000 53,098,000 25.00
Net profit  3,538,000 5,373,000 51.87
Total assets 55,547,000 65,090,000 17.18
Paid-up capital 801,000 801,000 0.00
Shareholders' Equity 17,274,000 20,695,000 19.80
Shares outstanding N/A N/A N/A
» View Full Financials