Emirates defers deliveries of 12 Airbus A380s
Emirates Airline, which saw a steep drop in profit its latest financials, is deferring delivery of 6 Airbus A380s from 2017 to 2018 and postponing delivery of another 6 A380s from 2018 to 2019. Airbus announced the delivery deferrals Dec 27, saying that agreements had been reached between Emirates and Rolls-Royce and between Emirates and Airbus. In November, Emirates posted its financials for the first half of its 2016-27 financial year and showed a net profit that was 75% down from the year ago period to AED786m (US$214m). Revenue for the period was down 1% to AED41.9b. The airline said the figures reflected increased market competition that resulted in lower fares, together with unfavorable currency movements because of the strength of the dollar. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-12-28/unaligned/emirates-defers-deliveries-of-12-airbus-a380s
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Emirates defers deliveries of 12 Airbus A380s
Emirates Airline, which saw a steep drop in profit its latest financials, is deferring delivery of 6 Airbus A380s from 2017 to 2018 and postponing delivery of another 6 A380s from 2018 to 2019. Airbus announced the delivery deferrals Dec 27, saying that agreements had been reached between Emirates and Rolls-Royce and between Emirates and Airbus. In November, Emirates posted its financials for the first half of its 2016-27 financial year and showed a net profit that was 75% down from the year ago period to AED786m (US$214m). Revenue for the period was down 1% to AED41.9b. The airline said the figures reflected increased market competition that resulted in lower fares, together with unfavorable currency movements because of the strength of the dollar. <br/>
