Emirates sees profits rise
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Emirates Group has posted a 68% increase in net profits while its airline’s net profits have doubled in its half year results (April-September inclusive).
The group recorded net profit of AED2.1 billion (GBP359m) in the first six months of the year, with five new destinations and 13 new aircraft boosting the airline 104% to GBP290m. Its average load factor sits at 80%
“The Emirates Group half-year performance is the result of hard work and our drive to stay on course and continue to grow despite the precarious marketplace,” said HH Sheikh Ahmed bin Saeed Al Maktoum, chairman and chief executive of Emirates Airline and Group. “We have continued to invest in the infrastructure of both Emirates and dnata and it continues to pay off.”
Its fuel bill dropped 2% of its costs but still accounted for 39%, with Emirates Airline carrying 18.7 million passengers since 1 April, up 15.4% year-on-year.
