Ratio Analysis: Emirates Airlines
Financial Ratio Analysis
Singapore Air and Emirates Airlines
Emirates
Emirates Airline group has started its 1st routes out of Dubai with only two aircraft in 1985 by the Govt. of Dubai and it was supported by the creator of Germania (German Airline). Emirates airline had started their operations with flights to Mumbai and Karachi and then followed by Delhi in September. These days the industry is measured to be a subsidiary of The Emirates Groups which is headquartered in Dubai, UAE. The group has got diverse recognitions and in 2007 Emirates was noted to be the eight-largest airline in the international marketplace in terms of intercontinental passengers being accepted and also renowned to be the fifth-largest in the global market in accord …show more content…
Emirates operates more than 700 weekly flights to over 100 destinations in 60 countries around the world with on going expansion, flights departs from Dubai to six continents with international standards of services. In 2009, Emirates Airlines carried nearly 40 percent of all the flight movements in and out of the Dubai International Airport, and we would like to take this market share to 70 percent by 2010 without any compromise on quality and …show more content…
Both operate flights to six continents daily and carried over 15 million passengers in 2016(Emirates Group, 2016) (Singapore Airlines, 2016). Singapore Air operated a fleet of 102 aircrafts in 62 destinations in 2016 (Singapore Airlines, 2016), while Emirates Airlines utilized a fleet of 186 in 127 destinations (Emirates Group, 2016). The two companies have similarly ambitious plans for expansion, and are well positioned to maximize their business potential in emerging markets. Their products are upper-mid range and luxury air-travel, which they market to a similar population of traveling professionals and upper-income leisure travelers (O’Reilly, 2016). Though both companies are typically highly profitable, they are certainly not immune to the financial volatility that has traditionally plagued the airline
Singapore Air and Emirates Airlines
Emirates
Emirates Airline group has started its 1st routes out of Dubai with only two aircraft in 1985 by the Govt. of Dubai and it was supported by the creator of Germania (German Airline). Emirates airline had started their operations with flights to Mumbai and Karachi and then followed by Delhi in September. These days the industry is measured to be a subsidiary of The Emirates Groups which is headquartered in Dubai, UAE. The group has got diverse recognitions and in 2007 Emirates was noted to be the eight-largest airline in the international marketplace in terms of intercontinental passengers being accepted and also renowned to be the fifth-largest in the global market in accord …show more content…
Emirates operates more than 700 weekly flights to over 100 destinations in 60 countries around the world with on going expansion, flights departs from Dubai to six continents with international standards of services. In 2009, Emirates Airlines carried nearly 40 percent of all the flight movements in and out of the Dubai International Airport, and we would like to take this market share to 70 percent by 2010 without any compromise on quality and …show more content…
Both operate flights to six continents daily and carried over 15 million passengers in 2016(Emirates Group, 2016) (Singapore Airlines, 2016). Singapore Air operated a fleet of 102 aircrafts in 62 destinations in 2016 (Singapore Airlines, 2016), while Emirates Airlines utilized a fleet of 186 in 127 destinations (Emirates Group, 2016). The two companies have similarly ambitious plans for expansion, and are well positioned to maximize their business potential in emerging markets. Their products are upper-mid range and luxury air-travel, which they market to a similar population of traveling professionals and upper-income leisure travelers (O’Reilly, 2016). Though both companies are typically highly profitable, they are certainly not immune to the financial volatility that has traditionally plagued the airline