Emirates hits record half year results

Emirates hits record half year results

Dubai-based carrier Emirates has posted a record revenue growth for its current financial year. Announcing a net profit of US$ 925 million Emirates has recorded an impressive 350 percent increase compared to US$ 205 million, for the same period in 2009. “The results for the first half of the 2010-11 financial year are incredibly robust, and reflect Emirates’ success in growing customer demand, supported by investment in new aircraft, products and customer service,” said HH Sheikh Ahmed bin Saeed Al-Maktoum, Emirates’ chairman and chief executive. We continue to invest our profits in growing the business and our healthy financial position enables us to successfully meet all of our financial commitments and raise financing for future aircraft deliveries.” With 62 new state-of-the-art aircraft ordered in the past six months, Emirates is set to launch a number of new routes. Meanwhile, the carrier celebrates 20 years of flights from Manchester Airport to Dubai today. Since the launch of the Manchester service, Emirates has carried more than four million passengers between the city and the UAE.

Gary Marshall
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Gary Marshall
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