Emirates and flydubai will expand their codeshare partnership this year with more destinations as the Dubai airlines seek to improve efficiencies, boost the number of customers and increase profitability.
The two airlines, which started their partnership in October 2017 with 29 codeshare flights, have jointly flown 3.29 million travellers across 84 destinations in 2018, Emirates said on Wednesday.
“During 2019, the network of codeshare flights will be further expanded, with the launch of new flydubai destinations Naples and Budapest, as well as several others that will be announced in due course,” said a statement.
Emirates, the biggest long-haul airline, and its low-cost peer flydubai are hoping to launch codeshare routes to 240 destinations by 2022, supported by more integrated flight schedules, shared fleet usage and aligned frequent flyer programmes.
Emirates and flydubai want to boost the number of customers they serve and cut costs after their profitability in the first half of 2018 was hurt by higher fuel bills from the increase in oil prices during that period.
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Read more:
Emirates' first-half profit slides as fuel bill climbs
Flydubai eyes new routes with Emirates partnership and longer-range jets
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As part of the partnership, flydubai in December last year started operating 11 flights from Terminal 3 at Dubai International Airport to improve connections between the two airlines. More flights will be moved to the terminal this year, Emirates said.
The partnership “has not only delivered tangible benefits to our collective customers, but also to both airlines in terms of the synergies that come with working closely together, for example, reducing route overlaps and the realignment of schedules to common destinations,” said Sheikh Ahmed bin Saeed, chairman and chief executive of Emirates Group and chairman of flydubai.
Emirates' first-half net profit fell 86 per cent to Dh226 million, as rebounding oil prices and a stronger dollar put pressure on its margins.
Flydubai widened its first half loss to Dh316.8m compared with the same period last year, as rising oil prices increased fuel costs. Flydubai reported a price setback of Dh175m in the first half of this year due to a 35 per cent increase in the average Brent crude price compared to the same period last year.
FFP EXPLAINED
What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.
What the rules dictate?
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.
What are the penalties?
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.
UAE currency: the story behind the money in your pockets
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SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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The specs
Engine: 3.9-litre twin-turbo V8
Power: 620hp from 5,750-7,500rpm
Torque: 760Nm from 3,000-5,750rpm
Transmission: Eight-speed dual-clutch auto
On sale: Now
Price: From Dh1.05 million ($286,000)
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now
The schedule
December 5 - 23: Shooting competition, Al Dhafra Shooting Club
December 9 - 24: Handicrafts competition, from 4pm until 10pm, Heritage Souq
December 11 - 20: Dates competition, from 4pm
December 12 - 20: Sour milk competition
December 13: Falcon beauty competition
December 14 and 20: Saluki races
December 15: Arabian horse races, from 4pm
December 16 - 19: Falconry competition
December 18: Camel milk competition, from 7.30 - 9.30 am
December 20 and 21: Sheep beauty competition, from 10am
December 22: The best herd of 30 camels
Global state-owned investor ranking by size
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China
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UAE
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Japan
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Norway
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Canada
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Singapore
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Australia
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Saudi Arabia
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South Korea
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Tearful appearance
Chancellor Rachel Reeves set markets on edge as she appeared visibly distraught in parliament on Wednesday.
Legislative setbacks for the government have blown a new hole in the budgetary calculations at a time when the deficit is stubbornly large and the economy is struggling to grow.
She appeared with Keir Starmer on Thursday and the pair embraced, but he had failed to give her his backing as she cried a day earlier.
A spokesman said her upset demeanour was due to a personal matter.
Another way to earn air miles
In addition to the Emirates and Etihad programmes, there is the Air Miles Middle East card, which offers members the ability to choose any airline, has no black-out dates and no restrictions on seat availability. Air Miles is linked up to HSBC credit cards and can also be earned through retail partners such as Spinneys, Sharaf DG and The Toy Store.
An Emirates Dubai-London round-trip ticket costs 180,000 miles on the Air Miles website. But customers earn these ‘miles’ at a much faster rate than airline miles. Adidas offers two air miles per Dh1 spent. Air Miles has partnerships with websites as well, so booking.com and agoda.com offer three miles per Dh1 spent.
“If you use your HSBC credit card when shopping at our partners, you are able to earn Air Miles twice which will mean you can get that flight reward faster and for less spend,” says Paul Lacey, the managing director for Europe, Middle East and India for Aimia, which owns and operates Air Miles Middle East.
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
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UAE currency: the story behind the money in your pockets