The CAPA Centre for Aviation posts that Emirates Airline is the largest in the world, and also one of the fastest-growing airlines. Its hub is located at Dubai International Airport and it has an extensive network of services around the world; these are good reasons to look into investing in Emirates Airline stock. The airline is a subsidiary of the Emirates Group. The Emirates Group is, in turn, owned by the government of Dubai. Here is some information about investing in Emirates stock.
Getting Emirates Airline Stock
These are international United Arab Emirates (UAE) stocks, so you will need to open an account with an international broker, such as Emirates NBD Securities. This is part of Emirates NBD Bank PJSC, which has a treasury activities segment that manages investments. They provide individual and institutional clients access to major markets within the Middle East/North Africa (MENA) region. You can also invest in the Emirates stock market through the Dubai Financial Market (DFM); this also involves opening an account, applying for an investor number (NIN) and selecting a broker.
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The two other UAE stock exchanges are NASDAQ Dubai and Abu Dhabi Securities Exchange (ADX). Emirates NBD may not be available on all of these, though. Like the United States, much of the trading is done online, but keep in mind that Dubai is eight hours ahead of U.S. Eastern Standard Time, and Dubai trading hours are 9:30 a.m. until closing time at 3 p.m. Once you start working with an experienced broker who lives in that part of the world, you shouldn't have any issues with the time difference.
Emirates Airline Stock Symbol
The Emirates stock symbol is Emirates NBD PJSC (ENBD), and Investing shows the stock having a one-year change of 25.6 percent. On September 12, 2021, the price was 14.050 and on October 10, 2021, it was 13.000, which is fairly stable for one month.
To purchase UAE stocks, you must have a valid passport, an investor number and a trading account. Those under the age of 21 can make purchases, as long as they have a guardian's signature on the application. Non-residents are eligible as well.
Emirates and the Pandemic
A June 2021 post by Reuters revealed that, like all the other airlines in the world, Emirates Airline struggled and posted significant shortfalls due to the pandemic. On March 31, 2021, they showed a $5.5 billion loss for the year ending March 31, 2021. The previous year, though, their profit was around $288 million. The airline had not shown any losses since 1985 through 1988, but those were their first four years in operation.
Emirates did receive more than $1.1 billion worth of state support from Dubai government after the airline industry collapsed due to the pandemic. The government plans to continue its support of the airline and its international travel hub. Like other airlines, Emirates is working to return to normal business and flight operations. Keep these things in mind when deciding whether to purchase Emirates stock.
Fly Emirates Stock Price and Marketing
You may have seen "Fly Emirates" t-shirts over the years. These are for marketing purposes. Emirates NBD also sponsors several sports teams, so you may have seen the logos there, as well.
You can look for their presence at international tennis tournaments and rugby games, as well as with soccer teams like SL Benfica, Real Madrid CF and AC Milan. If you own stock in the company, it can be even more exciting to attend a sporting event like this. If you have a "Fly Emirates" shirt, why not wear it to the game to support both your favorite team and your shares of Emirates stock?
Consider also: List of Travel Stocks
- Centre for Aviation: Emirates Airline Profile
- Emirates NBD Securities: Services from Emirates NBD
- Dubai Financial Market: How to Trade
- Investing: Emirates NBD PJSC (ENBD)
- Reuters: Dubai Steps in Again as Pandemic Drives Emirates to $5.5 Bln Loss
- My Money Souq: UAE Stock Market – How to Invest in Stock Market?
- Emirates: Sponsorships