Emirates Airways - Essay Example

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Emirates Airlines In 1985, the Dubai Government founded Emirates airlines. From three leased planes, the airline has grown to operating an excess of 2400 flights (passenger) every week from its Terminal 3 hub of Dubai International Airport…
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Download file to see previous pages The company also has advantages gained from operating from Dubai since the employees pay is not taxed. The company invests heavily in the training of its workers and it was the first airline to launch a flight simulation course for its cabin crew. The training the employees receive also assists in building the customers experience on board the planes and also the employee’s future job marketability. Due to the cosmopolitan nature of the 48,000 employees as well as the global aspect of its operations, the company has consistently insisted on a non-unionization policy though this is still under further deliberation (Emirates, 2012).
Planet
Emirates airlines have led from the front where environmental responsiveness is concerned. Recognizing that the airline industry is responsible for over 2% of the global carbon emissions, the airline launched it ‘Environment’ program in August 2008 to streamline the green operations of its worldwide services. This program has been successful so far with new planes being sourced from eco-efficient companies and the first of these was an Airbus A380 (GreenAir, 2011). The staff has been trained in eco-efficiency with vibrant awareness campaigns and ambitious internal targets which have helped cut internal energy wastage and consumption by 37% in the past three years. The employees have been trained on measures aimed at increased waste recycling. The company boasts of starting is environmental responsiveness and sustainability measures well before it became a norm when in 1997, they sponsored the Dubai Desert Conservation reserve (Emirates, 2010). Apart from internal measures, the company also sponsors many events and initiatives worldwide that are aimed at environmental conservation such as the Wolgan resort in Australia. Inside an Emirates plane, one will encounter one of the most eco-friendly kitchens with paper recycled being over 110 tons (GreenAir, 2011). The planes adopt navigational techniques that help minimize emissions and fuel usage as well as prevent time wastage. The Profit According to the company’s financial report (2013), the company has been consistently delivering a profit for 25years and its operations have been growing year in year out. In the 2012/2013 year the company reported an operating profit growth of 56.6%. The owner attributed profit grew by 52% to peak at AED 2,283 Million. This was against a backdrop of increased fuel costs as well as persistent pressures on the revenues. The crises in the Middle East, the volatile major currency exchange rates, as well as a weakened environment economically were other factors that threatened the company’s profitability. The company managed to grow the funds of its shareholders by 3.2% to stand at 10.4%. The stakeholders Emirates airline is the world’s largest air cargo carrier in terms of weight (Hagey, 2009). The ...Download file to see next pagesRead More
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