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Emirates announces rising profit
Emirates Group has announced a 13% increase in half-year revenues to US$11.5 billion and a 4% rise in net profit to $600 million.
It said the global business environment "continues to be challenging" but added that it had "stayed agile even as we grow".
"Our investments in the infrastructure of both Emirates and dnata continue to pay off and while we keep a close watch on managing our immediate business targets, we never lose sight of our long-term goals, and that is why we continue to invest to build the business," said chairman and chief executive Sheikh Ahmed bin Saeed Al Maktoum.
In the first half of the year, the airline contributed to the Group a net profit of US$ 475 million, up 2% from the same period last year.
"Emirates’ half-year scorecard shows a steady demand for our products and services," added Sheikh Ahmed.
"Our capacity and route growth continue to match and meet passenger demand. High fuel prices, accounting for 39% of our expenditures, and the unfavourable currency exchange environment continue to eat into our profits.
"However, we remain steadfast in our vision to be the airline of choice for international air services, and we will invest in our people and our infrastructure, and work closely with our partners to bring this to fruition."
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
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