Aerolinea Emirates

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.

Visto en arabianbusiness