|
|
 |
 |
| Sunday, 17 November 2002 |
 |
|
 |
Business |  |
| News Business Features Editorial
|
Emirates doubles half-year profits Emirates has underlined its position as one of the most successful airlines in the world by announcing a 140 per cent rise in half-yearly profits to Dhs 404.2 million (US$110 million) compared to Dhs 168.2 million (US$45.7 million) last year. The results, for the six months ending September 30, 2002, shows Emirates successfully challenging current trends affecting the airline industry, with an operating revenue of Dhs 4.3 billion, representing a growth of 27 per cent compared to Dhs 3.4 billion in 2001. The figures are based on unaudited financial results. Sheikh Ahmed bin Saeed Al-Maktoum, Emirates Chairman, said: "We are pleased to announce this substantially-increased half-yearly profit during a challenging time for the aviation industry. We are particularly pleased that the surge in passenger and cargo traffic has been spread equally across the entire network." Emirates is continuing to invest in improving passenger comfort by acquiring new Airbus A330 and Boeing 777-300 aircraft, opening a new First and Business Class Check-in Lounge at the Dubai International Airport, and inaugurating services to five new passenger and two new cargo destinations. Even though overall seat capacity increased by 18 per cent, seat factor increased to 78 per cent compared to 74 per cent the previous year, with cargo revenues growing by 38 per cent. |
|
News | Business | Features
| Editorial | Security Produced by Lake House |
