Highlights from the recent Emirates performance report
The November 10 release included the following highlights:
● Group: Record half-year profit of AED 4.2 billion (US$ 1.2 billion) reflects strong turnaround and recovery after last year’s loss of AED 5.7 billion (US$ 1.6 billion). Revenue up 128 percent to AED 56.3 billion (US$ 15.3 billion).
● Emirates: Revenue up 131 percent to AED 50.1 billion (US$ 13.7 billion), and profit of AED 4.0 billion (US$ 1.1 billion) compared to AED 5.8 billion (US$ 1.6 billion) loss for the same period last year. Performance shows the airline’s ability to meet strong passenger demand across regions with capacity ramp-up and high-quality products.
● dnata: Revenue doubled to AED 7.3 billion (US$ 2.0 billion), profit of AED 236 million (US$ 64 million) compared to AED 85 million (US$ 23 million) for the same period last year. Cost inflation across the business dampens performance even as operations ramp up.
To read the full report, click here.