Emirates sees profits more than double in first half

  • Share via facebook
  • Tweet this
  • Bookmark and Share
Sheikh Ahmed bin Saeed Al Maktoum, Emirates' chairman and CEO.

Sheikh Ahmed bin Saeed Al Maktoum, Emirates' chairman and CEO.

Emirates Airline has overcome high oil prices and a depressed global aviation industry to post a 104 percent growth in profits in the first six months of its financial year.

The Dubai-based carrier said its profits rose to US$464m, while Emirates Group profits rose by 68 percent to US$575m. The airline was helped by marginally lower fuel costs as a percentage of total expenditure, which stood at 39 percent, down two percentage points year-on-year.

Group revenue rose by 17 percent to US$8.2bn over the previous period, helped by a seat factor that increased to 80 percent, from 79 percent last year.

The airline – the world’s biggest in terms of international kilometres flown – has carried 18.7m passengers since 1 April this year, a 15.1 percent increase.

The carrier’s freight operation, Emirates SkyCargo, saw a 16 percent rise in volumes carried.

“Emirates remained focused on its growth and global expansion despite on-going fluctuating exchange rates and ever lingering high fuel prices which accounted for 39 percent of our expenditures, down two percentage points from last year,” said Sheikh Ahmed bin Saeed Al Maktoum, Emirates’ chairman and CEO.

Related:
Companies
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Flights of fancy: the future of aviation

Flights of fancy: the future of aviation

How will passengers’ flight experience be in the future? From...

How Gulf banks are helping to underwrite region's aviation boom

How Gulf banks are helping to underwrite region's aviation boom

Figures from Airbus show that 47% of MidEast aircraft deals in...

2
The inside story of the new Airbus A350 jet

The inside story of the new Airbus A350 jet

Customers, suppliers and industry sources share their insights...

Most Discussed
  • 14
    Nakheel PR: The toughest job in Dubai?

    To be fair, anyone who still decides to invest their capital with Nakheel with all the data and track record available, deserves whatever comes their way... more

    Sunday, 29 March 2015 9:05 AM - Paul King
  • 8
    Drunk passenger who slapped air stewardess jailed in Dubai

    Really would help if some other commentators would understand the story and the airline.
    Flydubai doesnt give alcohol for free. They charge for it... more

    Sunday, 29 March 2015 9:07 AM - Ponder
  • 6
    Post traumatic stress?

    Yes good article.
    So much is wrong with the Central Post Office, but sadly nothing will ever change. more

    Wednesday, 25 March 2015 9:15 AM - whatnext
  • 14
    Nakheel PR: The toughest job in Dubai?

    To be fair, anyone who still decides to invest their capital with Nakheel with all the data and track record available, deserves whatever comes their way... more

    Sunday, 29 March 2015 9:05 AM - Paul King
  • 13
    Has Narendra Modi already lost the plot?

    Gaja, You said it in one sentence. Anil can't comment because Modi is an elected leader. He can't comment because India is the biggest democracy. While... more

    Saturday, 28 March 2015 10:24 AM - Rafi
  • 8
    Drunk passenger who slapped air stewardess jailed in Dubai

    Really would help if some other commentators would understand the story and the airline.
    Flydubai doesnt give alcohol for free. They charge for it... more

    Sunday, 29 March 2015 9:07 AM - Ponder