How EMIRATES is WINNING when Other AIRLINES are going BANKRUPT?

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VIDEO INTRODUCTION:

We all know what Richard Brandon meant when he said, ‘If you want to be a Millionaire, start with a billion dollars and launch a new airline.’ This is because the aviation business in one of the most expensive and yet one of the least profitable businesses in the world!!! The Aircrafts are very expensive, labor costs are very high and most importantly, even with a slight change in oil prices, your profits could either skyrocket or nosedive!!

This is because, in the aviation business the fuel alone costs 30–40 % of the revenue and profit margins are barely 10%. So if your fuel cost shoots up by 30% due to a geopolitical event, unless you increase the prices, your airline will start bleeding losses!!

This is the reason why airlines go out of business not just in India but all across the world.

But while 100s of airlines have gone bankrupt all across the world, the leaders of Dubai built such a legendary airline that this airline has been profitable for 35 *out 38 years of its operation!!**! Infact, before covid from 2018-2020, this airlines generated an average revenue of 16.5 billion dollars and an average profit of 428 Million dollars!!!* This is airline is none other than the legendary emirates airline!!! and if you are a business owner or a leader, this story of emirates, has some very very important business lessons for you!!!

So in this episode, today, lets do a deep dive and understand,

What is the story of emirates airlines??

In a world where airlines are going bankrupt every year, how is emirates so profitable??

And most importantly, what are the lessons we can learn from the legendary emirates airlines?

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#thinkschool #businesscasestudy #geopolitics Credits: CNN-News 18, WION, NBC News, Money control pro, Business standard, TV18,Business Today, ABC news, CNBC, ET now ,Bloomberg originals, Financial Times, DW documentary, AL Jazeera English, BBC news, Firstpost. Fair use - This video is for educational purposes only. All materials used in this video, including images, audio, and video clips, are the property of their respective owners and are used here under the doctrine of fair use. This video is intended to provide commentary, criticism, research, and education on the subject matter. We believe this constitutes a fair use of any such copyrighted material as provided for in Section 107 of the US Copyright Law.

[vbr]

"Frugality is not a trait of the impoverished but a hallmark of the wise". Beautiful sentence

[ABHISHEKSHARMA-hard]

No time waste, no nonsense, pure knowledge, simple learning, quality content.❤❤
Not a business student.
Preparing for civil services😊

[karthikdevanahalli]

I have flown Qatar and Emirates both. I had a really bad experience with Qatar airways. Qatar airport(Doha) and Qatar airlines' air hostesses were rude and racist. But Emirates treated me great. When I was struggling in the middle seat because of my height issue, Emirates' air hostess understood that and offered me the exit row seat and treated me well all throughout the journey. May be such care and gestures makes people want to use Emirates.

[WiolciaMrozowska]

At the very least, I now grasp the concept of leverage. Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely...

[adhnaanahmed]

Flown in emirates many times in my life, everytime in economic class still they don't fail to impress us in customer service, best airlines I've ever traveled.travelling in emirates itself a whole new experience by itself.

[sidthrillz]

I live in Dubai last 15 years. I would like to mention that Dubai as an Emirate has less than 1% of its GDP coming from Oil. Those assuming that Emirates might be buying fuel a lot cheaper than others are wrong. Rather, if you go back in history over last decade or 15 years, Emirates has written-down losses from fuel hedging too. And we are not talking of small losses but quite massive.
The vision of the Rulers of Dubai (and UAE in general) is incredible. The focus on diversification of its economy has been since decades now and creating tourism spots. Fun fact - Just the city of Dubai has more hotel rooms than entire India in the organized 3*/4*/5* category. Getting a tourist visa for UAE is one of the simplest things and something they have been doing for ages. I can go on and on….

[jaykapadia]

You should mention the premium services they provide. That’s why the rich loves emirates. Also their premier product of first class in A380 .

[arjunsavanur]

Even during examinations, I make sure not to miss the quality content. Keep it up 😀😀

[crentistDaDentist]

From leasing planes from Pakistan to now loaning them money.. Dubai has come a long way

[varunv]

A major reason why emirates was profitable by its aircraft was because it buys aircraft of same kind mostly which are a380-800 and 777-300er thus maintained crew could be trained easily and also the pilots could be trained easily. Emirates buys aircraft as bulk orders thus they get heavy discounts at the list price given by the manufacturer. Emirates also acts as a investor to new aircrafts which are yet to hit market like 777x which helps them to procure aircraft’s early.

[rameshmadarekar]

"Frugality is not a trait of improvised, but a Hallmark of wise" A most valuable words to be followed particularly in business

[abdulkhadir]

Emirates is the best case example of a successful Business risk & opportunity anaylis, an integral part of Business Continuity Management (BCM) . Thanks for this deeply researched content.

[sknathy]

I have flown Emirates multiple times, and I can say their service, behaviour, operations are at another level. Even if your travelling Economy, you will feel you are special. Their food is delicious. Their in-flight entertainment is really good. The staff is super polite and treats you like family. I have multiple instances where Emirates allowed me to checkin over weight bags free of cost. Love for Emirates.

[d.b.cooper]

Well done for not falling the stereotype of 'they have oil' so have low costs. They buy aviation fuel at the same market prices as others hence the need for hedging. Also not government subsidies like people claim

[AdiDutta]

Probably one of the most value packed videos from Think School ever. Brilliant stuff, super insightful!
Keep at it, man!

[somashekharertyug]

I come here for two things

1) Improve my English (Wish I was a native English Speaker)
2) Content

Thank you Think School 😊

[MadeInAndhra-rkmw]

I have recently started a YouTube channel (for Telugu people) and should say that I have learned a lot from your way of presentation and script (of course I am a doctor and my channel is for information's sake, not a serious YouTuber). Thanks for many things especially, the way you present your information and the topics you choose. You are an example in many ways - you focus on the content without no much biases or emotions (which often I encounter from Indian YouTubers). Love from the USA and keep up the good work.

[oadka]

I find it weird that there is no mention of Emirates' fleet strategy of having only 2 aircraft types, but in large numbers to keep crew and maintenance costs low. Having such a homogenous fleet allows them to do most maintenance in house.

[lohith_sai]

My god, this was such a perfect explanation one can ever make
Not an iota of deviation, crystal clear explanation & presentation in the best way possible

We can actually make a case study on how ThinkSchool does it's research & what are the skills mastered by Ganesh to aid him during explanation

[princepratapsingh]

Think school is really doing stunning work through their case studies on amazing topics which diverts the youth of our and make them really sane