Dubai: Emirates reported a 351 per cent jump in net profits on Monday, with Dh3.4 billion ($925 million) for the first six months of its current financial year, ending September 30, 2010, compared to Dh752 million ($205 million) for the same period in 2009.
The airline’s revenue, including other operating income, grew by 35.5 per cent to Dh26.4 billion ($7.2 billion) compared to revenue of Dh19.5 billion ($5.3 billion), for the same period last year. Fuel continues to be the most significant expense for the airline, with operating costs up 22.6 per cent to Dh23 billion ($6.3 billion).
The company, which has 201 aircraft on order, worth Dh249.76 billion ($68 billion) contributes an impressive 25 per cent to Dubai’s economy.
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November 1, 2010 at 4:56 pm