The Emirates Group
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July 1, 2020
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The Emirates Group

Revenue:
AED 96,040 million (2019)
Profit:
AED 1,030 million (2019)
Employees:
60,282 (2019)
GICS Industry Group:
Headquarters:
Dubai, United Arab Emirates
Founded:
1985
Current CEO:
Ahmed bin Saeed Al Maktoum
Parent:
Investment Corporation of Dubai

Description

Emirates Airline is the national carrier of the emirate of Dubai, United Arab Emirates. Emirates, founded on 25 October 1985, flew its first routes out of Dubai with just two aircraft - a leased Boeing 737 and an Airbus 300 B4.

The airline is a subsidiary of The Emirates Group, which is owned by the government of Dubai's Investment Corporation of Dubai.

Emirates operates with a fleet of wide body equipment, and is the largest operator of the Airbus A380 aircraft type. Emirates, operating from its hub at Dubai International Airport, provides an extensive network of services within the Middle East as well as to Africa, Asia, the South Pacific, North America, Europe and South America. In total, the airline provides flights to 139 destinations.

In 2018/19, the airline carried over 58.6 million passengers and had a fleet of 270 aircraft. The airline employed 60,282 people in 2018/19, with cabin crew representing 35.98% (or 21,691 people) of all people employed by the airline.

Emirates SkyCargo (which contributed 13.1 billion AED in revenue in 2018/19) is the air freight division of Emirates serving over 50 destinations.

In United Arab Emirates dirham (AED)
In United Arab Emirates dirham (AED)
In United Arab Emirates dirham (AED)

Operating Segments:

Emirates Airline splits its services into three categories - air passenger transportation, air cargo transportation and hotel operations. While the company also generates significant revenue from excess baggage, food and beverage services, catering, and the sale of goods, these are seen as additional items to the company's air passenger transportation services.

Passenger: Emirates Airline offers three forms of passenger transportation as part of its primary service line - First class (often includes a private enclosed suite and access to showers, meals and beverages at any time as well as chauffeur pick-up and drop-off at the airport); Business class (a private single seat with ability to often fully recline, as well as priority boarding); Economy class (private entertainment console, meals, and Emirates branded sleep accessories).

Emirates Skycargo: Emirates SkyCargo is the air freight division of Emirates, which started operations in October 1985, the same year Emirates was formed. As of 2019, it is the second largest cargo airline worldwide in terms of the total freight tonne-kilometres flown and the largest in terms of international freight tonne-kilometres flown. Emirates Skycargo operates a fleet of 11 (leased from Dubai Aerospace Enterprise) airplanes and provides cargo transportation services to 50 dedicated destinations. In 2018/19, Emirates Skycargo generated 13,056 million AED in revenue.

Mergers and Acquisitions:

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