Emirates sees profits drop by 76%

Dubai airline blames rising fuel costs

Posting a massive 76% fall in net profits yesterday for the first half of its financial year, the equivalent of $225 million (€162 million), Emirates placed the blame squarely on rising fuel prices. The airline, whose financial year starts on April 1, said that oil prices were responsible for inflicting an extra $1 billion in costs during the period. Fluctuating exchange rates have also been a problem.
Passenger revenues in the first half were up 18%, with seat load factor staying at 79%. However, the rapidly expanding airline has also recruited 3,400 new staff. Emirates has taken delivery of 10 new widebody aircraft to add to a fleet of 161 aircraft. Another 13 new planes are scheduled for delivery by April next year.
RTE

x

Check Also

Emirates, bonus, profit, rise, increase, staff, employees

Emirates awards big bonuses after profit rise

The airline group posted a 67% increase in profits for the last financial year.

flyDubai, Dubai, Helsinki, Finland, Emirates, codeshare, low-cost, bed, lie-flat, MAX, business, economy, route, travel, tourism, connect

flydubai announces first Nordic route

A Boeing 737 MAX 8 will be used on the year-round, daily service. Emirates will codeshare.

Emirates, Australia, flights, Bali, New Zeland, Aukland, stopover, Dubai, UAE, seating, beds, cabin, first class, business, Europe, Clark

Emirates to start Dubai-Auckland via Bali

Flights via Bali allow the airline to continue serving Auckland via a stopover, maximising passenger loads.

Emirates, Ryanair, Flybe, Austrian, Virgin, British Airways, easyjet, American Airlines, airlines, load factor, PLF, fullest, planes, aircraft, environment, business, profit

Airlines with best and worst load factor

Flying planes full makes airlines far more profitable, and it’s better for the environment.

Gunnar Garfors, Norwegian, record, fly, round the world, airlines, flights, Sydney, Emirates, Iberia, Copa, Qantas, Dutch

Norwegian man sets round-the-world record

Passenger sets new Guinness World Record for travelling the world on scheduled flights.

emirates, qatar, etihad, airlines, slowdown, expansion, middle eastern, ban, laptop, orders, aircraft, Boeing, Airbus, A380, 777

$16 billion order saves A380

Emirates steps in to boost flagging orders.