Emirates Reports 8% Rise in H1 Profit
DUBAI, United Arab Emirates (AP) – The Middle East’s biggest airline, Emirates, says it earned $514 million in the first six months of its fiscal year as it grew its fleet and more passengers and fuller planes pushed its sales higher.
The fast-growing Dubai-based carrier said on Wednesday that its earnings for the April to September period were 8 percent higher than the $475 million it made during the same period last year.
Revenue Increases on Fleet Expansion
Revenue for the period jumped 11 percent to $12 billion as the airline grew its fleet to 230 mostly wide-body planes, up from 217 a year earlier.
Parent Company Emirates Group Results
Earnings for the Emirates Group parent company, which includes the Dnata ground-handling business, rose 1.1 percent to $607 million.
Government Ownership and Dubai Hub
Emirates is owned by the government of Dubai, which is home to the region’s busiest airport.
