Open Sky 29 - Emirates -

Gary Chapman, President Group Services and dnata, Emirates Group, said: “Emirates has been actively committed to the fight against illegal wildlife trade for ...
5MB Sizes 5 Downloads 206 Views
Issue 29 | June 2018 The Government Affairs Journal of Emirates

2017-18 results | Joining WTTC against illegal wildlife trade | The US3 campaign outcome | Sustaining the A380 supply chain | Tourism growth in Canada and New Zealand | Q&A with visitBerlin

Emirates Group announces 30th consecutive year of profit On 9 May, the Emirates Group announced its 30th consecutive year of profit totalling AED 4.1 billion (US$1.1 billion) in 2017-18, with revenue exceeding AED 100 billion (US$27 billion) for the first time in the Group’s history.

In line with the overall profit, the Group declared a dividend of AED 2.0 billion (US$545 million) to its owner, the Investment Corporation of Dubai. Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group, said: “Business conditions in 2017-18, while improved, remained tough. We saw ongoing political instability, currency volatility and devaluations in Africa, rising oil prices which drove our costs up, and downward pressure

2017-18 Financial Highlights $





1.1 billion





58.5 million 268

2.6 m tonnes 68 MONTHS



27.9 billion


6.7 billion









on margins from relentless competition. On the positive side, we benefitted from a healthy recovery in the global air cargo industry, as well as the relative strengthening of key currencies against the US dollar.”


The full annual report, audited by PricewaterhouseCoopers, can be read here: report/annual_report_2018.pdf

Emirates adopts WTTC agreement on illegal wildlife trade

As a founding signatory of the Buckingham Palace Declaration in 2016, Emirates has taken a strong stance against the illegal trade of wildlife and wildlife products, which is having devastating consequences for animals, plants and ecosystems in many parts of the world. The United Nations World Wildlife Crime Report shows that as many as 7,000 species of animals and plants from all parts of the world are affected. Nature-based tourism helps to generate significant levels of income for many communities; in some countries, tourism depends largely on nature and wildlife. Therefore, the loss of wildlife may seriously impact the viability of tourism and its contribution to local economies. In response, the World Travel and Tourism Council (WTTC) launched a Travel and Tourism Declaration on Illegal Trade in Wildlife at its Global Summit in Buenos Aires on 19 April 2018. Signatories to the Buenos Aires Declaration, including Emirates, have


committed to four pillars: • Expression and demonstration of agreement to tackle the illegal wildlife trade; • Promotion of responsible wildlife-based tourism; • Awareness raising among customers, staff and trade networks; and • Engaging with local communities and investing locally. Emirates’ signing of the Buenos Aires Declaration builds on our long-standing stance against the illegal wildlife trade. Several of our Airbus A380s continue to carry the message against the illegal wildlife trade around the world, while our SkyCargo division has implemented robust internal procedures.

Gary Chapman, President Group Services and dnata, Emirates Group, said: “Emirates has been actively committed to the fight against illegal wildlife trade for some years now and we are delighted to support this initiative serving the broader Travel & Tourism sector, which clearly has such a critical role to play particularly within the communities who are most affected by this activit