An Airbus A380 of Emirates Airline takes off in Dubai.
An Airbus A380 of Emirates Airline takes off in Dubai.

Emirates Airline expects profit to fly past $1 billion this year



BERLIN // Emirates Airline is on track to reap more than US$1 billion (Dh3.67bn) in profits this year and has hinted strongly it will announce a multibillion-dollar order for more Airbus A380 superjumbos today. The week is looking to be critical for the largest Arab carrier as it also acknowledged it hoped to finalise the sale of its stake in SriLankan Airlines within the next few days.

Tim Clark, the president of Emirates, did not challenge reports yesterday that his airline was planning to today announce a $10bn order for as many as 12 A380s and another 18 options. Mr Clark was speaking on the sidelines of the International Air Transport Association's annual meeting in Berlin, and is expected to make the purchase announcement at today's opening day of the ILA Berlin Air Show. Emirates is already by far the world's largest customer for the world's biggest passenger aeroplane, with 58 on order. The planes cost more than $300 million each at list prices, although Emirates is thought to have received significant discounts with its bulk orders.

Mr Clark said the airline had taken the expense of flying one of its existing A380s to the airshow for display. "All I can say is, the airshow starts tomorrow, we have an A380 there - be there," he said. Mr Clark's hints reignited speculation of a big plane order after initial media reports were thrown into doubt by Airbus. Emirates has long been expected to top up its already formidable order book, which stands at more than 150 wide-body aircraft worth more than $40bn, after surviving the global downturn better than expected.

The airline earned just under $1bn in profits for its 2009-2010 fiscal year to the end of March. Profits "will be bigger than that this year", Mr Clark added, saying passenger and cargo demand remain strong. "We will exceed it. We are well ahead [of our forecasts] already." The profits are being driven by the carrier's extensive network of more than 100 connections that has enabled it to reach a "critical mass" of demand even during down periods, according to Peter Harbison, the executive chairman of the Sydney-based Centre for Asia Pacific Aviation.

"It is difficult to contrast anyone against Emirates," Mr Harbison said. The airline has a focus on connecting previously unconnected city-pairs around the world through just one stop in Dubai - such as Rio de Janeiro and Tokyo, for example. This week, the Dubai airline could also finally end its only foray in foreign airline ownership when it disposes of its 43.6 per cent stake in SriLankan. It has been negotiating with the Sri Lankan government since February.

Sri Lankan officials have quoted a figure of $55m and that figure is "not far off", Mr Clark said. "I hope between now and Friday the Sri Lankan government will have signed of off on it," he said. "We are close. It is all done and it's in their court. We have the share certificate ready to be passed over to them." The potential A380 order could come as a surprise to some after Emirates officials had said airport capacity at Dubai International Airport, the airline's home for at least another 12 years before it moves to the new Al Maktoum International Airport in Jebel Ali, would be a limiting factor.

Mr Clark said Emirates and Dubai Airports "just have to make more intelligent use of the space. There is a lot of work going on in that regard." Meanwhile, flydubai has just completed its first year, which ranks among the fastest launches for any budget carrier, with about a dozen aircraft and 19 routes. Yesterday the Dubai Government, by decree, ordered the airline's funding to be increased to Dh500m from Dh220m to help it continue its heady pace of growth.

Emirates has a total of 50 B737 aircraft on order from Boeing from a $4bn deal announced at the 2008 Farnborough Air Show. @Email:igale@thenational.ae

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
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NBA Finals results

Game 1: Warriors 124, Cavaliers 114
Game 2: Warriors 122, Cavaliers 103
Game 3: Cavaliers 102, Warriors 110
Game 4: In Cleveland, Sunday (Monday morning UAE)

Disability on screen

Empire — neuromuscular disease myasthenia gravis; bipolar disorder; post-traumatic stress disorder (PTSD)

Rosewood and Transparent — heart issues

24: Legacy — PTSD;

Superstore and NCIS: New Orleans — wheelchair-bound

Taken and This Is Us — cancer

Trial & Error — cognitive disorder prosopagnosia (facial blindness and dyslexia)

Grey’s Anatomy — prosthetic leg

Scorpion — obsessive compulsive disorder and anxiety

Switched at Birth — deafness

One Mississippi, Wentworth and Transparent — double mastectomy

Dragons — double amputee

The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

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THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

Power: 420kW

Torque: 780Nm

Transmission: 8-speed automatic

Price: From Dh1,350,000

On sale: Available for preorder now

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RESULTS
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Anghami
Started: December 2011
Co-founders: Elie Habib, Eddy Maroun
Based: Beirut and Dubai
Sector: Entertainment
Size: 85 employees
Stage: Series C
Investors: MEVP, du, Mobily, MBC, Samena Capital

ENGLAND SQUAD

For first two Test in India Joe Root (captain), Jofra Archer, Moeen Ali, James Anderson , Dom Bess, Stuart Broad , Rory Burns, Jos Buttler, Zak Crawley, Ben Foakes, Dan Lawrence, Jack Leach, Dom Sibley, Ben Stokes, Olly Stone, Chris Woakes. Reserves James Bracey, Mason Crane, Saqib Mahmood, Matthew Parkinson, Ollie Robinson, Amar Virdi.

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How to help

Call the hotline on 0502955999 or send "thenational" to the following numbers:

2289 - Dh10

2252 - Dh50

6025 - Dh20

6027 - Dh100

6026 - Dh200

A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800
APPLE IPAD MINI (A17 PRO)

Display: 21cm Liquid Retina Display, 2266 x 1488, 326ppi, 500 nits

Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine

Storage: 128/256/512GB

Main camera: 12MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4

Front camera: 12MP ultra-wide, f/2.4, Smart HDR 4, full-HD @ 25/30/60fps

Biometrics: Touch ID, Face ID

Colours: Blue, purple, space grey, starlight

In the box: iPad mini, USB-C cable, 20W USB-C power adapter

Price: From Dh2,099

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Mia Man’s tips for fermentation

- Start with a simple recipe such as yogurt or sauerkraut

- Keep your hands and kitchen tools clean. Sanitize knives, cutting boards, tongs and storage jars with boiling water before you start.

- Mold is bad: the colour pink is a sign of mold. If yogurt turns pink as it ferments, you need to discard it and start again. For kraut, if you remove the top leaves and see any sign of mold, you should discard the batch.

- Always use clean, closed, airtight lids and containers such as mason jars when fermenting yogurt and kraut. Keep the lid closed to prevent insects and contaminants from getting in.

 

Volvo ES90 Specs

Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)

Power: 333hp, 449hp, 680hp

Torque: 480Nm, 670Nm, 870Nm

On sale: Later in 2025 or early 2026, depending on region

Price: Exact regional pricing TBA

1,000 Books to Read Before You Die: A Life-Changing List
James Mustich, Workman

RESULT

Esperance de Tunis 1 Guadalajara 1 
(Esperance won 6-5 on penalties)
Esperance: Belaili 38’
Guadalajara: Sandoval 5’

Where to buy art books in the UAE

There are a number of speciality art bookshops in the UAE.

In Dubai, The Lighthouse at Dubai Design District has a wonderfully curated selection of art and design books. Alserkal Avenue runs a pop-up shop at their A4 space, and host the art-book fair Fully Booked during Art Week in March. The Third Line, also in Alserkal Avenue, has a strong book-publishing arm and sells copies at its gallery. Kinokuniya, at Dubai Mall, has some good offerings within its broad selection, and you never know what you will find at the House of Prose in Jumeirah. Finally, all of Gulf Photo Plus’s photo books are available for sale at their show. 

In Abu Dhabi, Louvre Abu Dhabi has a beautiful selection of catalogues and art books, and Magrudy’s – across the Emirates, but particularly at their NYU Abu Dhabi site – has a great selection in art, fiction and cultural theory.

In Sharjah, the Sharjah Art Museum sells catalogues and art books at its museum shop, and the Sharjah Art Foundation has a bookshop that offers reads on art, theory and cultural history.