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Emirates records profit leap

written by australianaviation.com.au | November 15, 2012
Basking in the glow of huge profit growth, Emirates' plans for expansion continue to grow. (Seth Jaworski)

Emirates has posted a 68 per cent increase in net profit for the six months to the end of September to US$575 million.

The profit was derived from a more modest 16 per cent increase in revenues to US$10.4 billion, the first time the airline has broken the US$10 billion mark in a six-month period.

“Emirates remained focused on its growth and global expansion despite on-going fluctuating exchange rates and ever lingering high fuel prices which accounted for 39 per cent of our expenditures, down 2 percentage points from last year,” Emirates’ chairman and CEO Sheikh Ahmed bin Saeed Al Maktoum said. “The instability in the market over the past six months has put Emirates to the test, and once again we have risen to the challenge, our results speak for themselves.”

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During the period Emirates took delivery of 13 new widebody aircraft including two more A380s and 10 777s.  15 more aircraft are scheduled for delivery in the next six months.

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