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Dubai's Emirates Airlines said its year to March 2013 income is seen rising by 18 to 20 per cent, as the Gulf emirate officially opened the world's first concourse dedicated to Airbus A380 superjumbos.
The biggest carrier in the Middle East will see "an 18 to 20 per cent income rise this year," Tim Clark, president of Emirates told reporters.
For the first six months of the current fiscal year the airlines' net profit jumped by 104 per cent to 1.7 billion dirhams ($464 million) from 836 million dirhams in the corresponding period of the previous year.
In the year to March 2012 Emirates had posted a net profit of 1.5 billion dirhams, down from 5.4 billion dirhams in the previous accounting year.
Clark said the fast-growing airline expects to have a fleet of some 210 aircraft by spring 2014.
Dubai Airports, meanwhile, said its Concourse A, which is the world's first facility built to serve the Airbus A380 superjumbo, had become fully operational.
The concourse features 20 gates compatible with the double-deck aircraft for which Emirates is the largest single customer with 31 planes in service and 59 others on order.
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Australian flag-carrier Qantas Monday announced plans to broaden its reach in Asia as part of a strategy to turn around its struggling international arm, with several extra destinations being considered.
The move is a consequence of its global alliance with Dubai-based Emirates, which means its services to Asia will no longer be tied to onward links to Europe.
New direct destinations from Australia being considered include Beijing, Seoul, Mumbai, Delhi and Tokyo-Haneda, while increasing capacity and frequency of flights to Hong Kong and Singapore.
Qantas International chief executive Simon Hickey said Asia was a key pillar of the company's future.
"Our first step has been to restructure existing services to Asia now that they are no longer tied to onward links to Europe," he said.
"The number of dedicated seats on Qantas services to Hong Kong and Singapore is increasing significantly, because capacity previously set aside for customers going to Europe via these hubs can be freed up.
"The joint Qantas-Emirates network into Asia gives our customers a fresh set of options, including double daily services to Singapore from Melbourne, Sydney and Brisbane," he added.
"The maturing Jetstar network gives travellers another set of alternatives once they land in Asia."
As part of the plan, from March 31 arrival times into Hong Kong, Bangkok and Singapore will be brought forward by up to three hours to increase the number of onward connections while Kuala Lumpur will added as a destination.
The other new destinations are not likely until 2016.
Other changes will see Qantas cease its Adelaide-Singapore and Perth-Hong Kong services but boost Brisbane-Hong Kong flights from four per week to seven, and add four additional weekly Sydney-Singapore services.
The airline has also brought forward the end date for its loss-making Frankfurt flights by six months to 15 April.
Australia's competition watchdog last month gave Qantas and Emirates permission to launch their global alliance in which the airlines will coordinate ticket prices and flight schedules.
Qantas will shift its hub for European flights to Dubai from Singapore while ending its partnership with British Airways on the so-called kangaroo route to London.
The tie-up is seen as vital to the sustainability of Qantas, which last year posted its first annual deficit since privatisation in 1995 due to tough regional competition and high fuel costs for its international arm.
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Australia's competition watchdog on Thursday gave Qantas and Emirates Airlines permission to launch their global alliance although final approval is still pending.
The Australian Competition and Consumer Commission, which gave the carriers preliminary approval in December to combine operations for an initial five years, said that practical sales, marketing and other steps could now start.
"The ACCC is allowing Qantas and Emirates to start implementing their alliance because of the long lead time required to market and sell tickets before the commencement of long-haul services," said ACCC chairman Rod Sims.
"In making its decision, the ACCC has accepted written assurances from the parties that should the ACCC ultimately decide not to allow the alliance to go ahead, the airlines will accommodate consumers' bookings."
The regulator said it anticipated making a final decision in March.
Under the proposal, which will be fully implemented from April, the airlines will coordinate ticket prices and flight schedules and Qantas will shift its hub for European flights to Dubai from Singapore.
It also means an end to Qantas's partnership with British Airways on the so-called kangaroo route to London, which has spanned nearly two decades.
The tie-up is seen as vital to the sustainability of Qantas, which last year posted its first annual deficit since privatisation in 1995 due to tough regional competition and high fuel costs for its international arm.
Sims said the ACCC had determined in December that "the public benefits resulting from the alliance are likely to outweigh the public detriment ... where Qantas and Emirates offer overlapping services".
But he said New Zealand had been identified as a key market where competition could be eroded by the Qantas-Emirates deal and the ACCC had therefore exempted it from the new permissions for now.
"The ACCC is granting interim authorisation on the condition that the applicants do not engage in the conduct for which authorisation is sought in relation to services between Australia and New Zealand," Sims said.
He added that the regulator "may review its decision on interim authorisation at any time and it should not be taken to be indicative of whether or not final authorisation will be granted".
Qantas chief Alan Joyce said the decision meant pricing, capacity and scheduling could now be coordinated with Emirates and one-stop trips could be booked across their combined networks, boosting tourism.
Once final approval is granted, Qantas will fly daily Airbus A380 services from Sydney and Melbourne to London via Dubai, meaning that the two airlines will operate 98 weekly services between Australia and the Emirates Gulf hub.
For Emirates customers, the alliance opens up Qantas's Australian domestic network of more than 50 destinations and nearly 5,000 flights per week.
Dubai Airports has earmarked $7.8 billion to further expand the capacity of the international travel hub and expects to handle 75 million passengers by 2015 and 98 million by 2020. Some 57 million passengers were expected to use Dubai International in 2012.
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Dubai's Emirates Airlines began operations Wednesday from a $3 billion new concourse dedicated to Airbus' A380 superjumbos at the Gulf city-state's rapidly-expanding airport.
Concourse A, which cost $3 billion (2.3 billion euros) to build, gives Emirates -- one of the fastest-growing carriers -- an additional airport capacity of 15 million passengers a year, the company said.
The expansion takes place as the CAPA Centre for Aviation said Emirates could become this year the world's second-biggest carrier in terms of capacity, right after United Airlines, and way ahead of legacy European carriers.
Flight EK003 took off to London Heathrow from Concourse A, which will become "home of the Emirates A380," and add a capacity to handle 15 million passengers a year, said a statement by Emirates -- one of the world's fastest-growing carriers.
The new extension to Terminal 3, featuring 20 gates specifically designed to accommodate Airbus' longhaul airliners, will open gradually, with just four gates operational on Wednesday, Dubai Airports chief executive Paul Griffiths said in another statement.
"This is a historic and momentous occasion, marking another world first from Emirates," said Sheikh Ahmed bin Saeed Al-Maktoum, chairman of Emirates and of Dubai Airports.
The government-owned carrier is the largest operator of A380, with a fleet of 31 and another 59 units on order.
The new concourse spreads across 11 floors with a total area of 528,000 square metres (5.7 million square feet). It cost $3 billion to build.
Dubai Airports has undertaken a $7.8 billion to further expand the capacity of the international travel hub, as it expects to handle 75 million passengers by 2015 and 98 million passengers by 2020.
It expected the number of passengers who used Dubai International airport in 2012 to be around 57 million.
The new facility will be available to A380 flights to Europe operated by Australia's Qantas, as per the global partnership announced recently and awaiting the approval of the Australian Competition and Consumer Commission, Emirates said.
Emirates had moved its operations to Terminal 3 in 2008, when the new complex opened dedicated to the national carrier of Dubai, leaving the older Terminal One to foreign airlines.
The new facility will be available to A380 flights to Europe operated by Australia's Qantas, as per the global partnership announced recently and awaiting the approval of the Australian Competition and Consumer Commission, Emirates said.
Emirates has a fleet of 195 wide-body Airbus and Boeing, and has some 204 units on orders worth more than $74 billion, it said. It flies to 128 destinations in 74 countries.
The carrier, which began operations in 1985 with two leased planes, has become a major competitor of legacy airlines, turning Dubai into a major transit hub for travel between Europe, Asia and Australasia.
Sydney-based CAPA said this week Emirates remained last year third in global ranking of world's airlines by capacity, with 4.993 billion available seat kilometres (ASKs), compared to 6.15 billion ASKs for United Airlines thanks to its merger with Continental, and 5.64 billion ASKs for Delta Air Lines.
But Emirates registered a whopping growth of 18.4 percent in ASKs last year, compared to a drop of 0.3 percent by Delta.
This put Emirates ahead of many traditional airlines, including British Airways, which was ranked seventh with 3.049 billion ASKs, and Air France, which followed with 2.825 billion ASKs.
Other Gulf carriers, vying to grab a chunk of the trans-continental travel market, followed behind. Qatar Airways rose to 17th place, with 1.798 billion ASKs, and Abu Dhabi's Etihad advanced to 28th, with 1.135 billion ASKs.
In addition to Dubai International Airport, the busiest regional hub, the city-state is developing another airport.
Dubai World Central-Al Maktoum International has been open for cargo since 2010, but passenger operations have been repeatedly delayed.
The airport, launched at the height of Dubai's rapid economic growth, is touted to become the world's largest with a capacity to handle 160 million passengers annually.
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SYDNEY: An engine problem forced an Emirates A380 superjumbo to turn back to Sydney, the airline said on Monday, with passengers hearing a loud bang and seeing a flash of orange.
The pilot of the Dubai-bound Airbus plane carrying 380 passengers made the decision to turn back shortly after take-off on Sunday night.
"Emirates flight EK413 from Sydney to Dubai on November 11 turned back shortly after take-off due to an engine fault," the carrier said in a statement.
"Emirates apologises for any inconvenience caused to its customers. However, the safety of our passengers and crew is of the highest priority and will not be compromised."
Fairfax journalist Matt Campbell was on the plane and told the Sydney Morning Herald the aircraft was still climbing.
"It seemed about half an hour into the flight when I saw a bright orange flash, heard a loud bang and there was a big thump through the cabin," he said.
"The flight attendants were rushing about through the cabin and then eventually the PA came on and the captain said there was an engine problem with engine number three and that engine had now been shut down."
An Emirates spokesman told AFP the carrier was still working on what caused the scare but admitted passengers may have "seen a flash and heard noise".
"There were no flames or smoke," he added, despite some passengers telling local media they saw fire.
"The pilot made a decision to turn back as a precaution."
Another passenger told Sydney's Daily Telegraph the Emirates flight attendants "panicked more than the passengers".
"Everyone was running left and right (with) no one knowing what's happened." Amal Aburawi, a doctor, told the tabloid, and said non-English speaking passengers were not properly informed about what was happening.
She said usually Arabic announcements followed the English but "this time no one mentioned anything in Arabic and there (were) many Arabic passengers, many of them old ladies."
Qantas, which recently sealed a major partnership with Emirates, had an engine explode on one of its A380s over Indonesia in November 2010.
The accident, during a flight from Singapore to Sydney, led the Australian carrier to temporarily ground its entire A380 superjumbo fleet.
Subsequent investigations pinpointed a manufacturing defect which caused fatigue cracking in an oil pipe, resulting in a fire and potentially catastrophic engine failure.
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