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Emirates Airline H1 net profit up 77%

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Staff Writer | November 9, 2017
The Emirates Group announced its half-year results for 2017-18.
Emirates Airline
Emirates Airline   Optimisation and efficiency initiatives
The Emirates Group revenue was AED 49.4 billion ($13.5 billion) for the first six months of its 2017-18 financial year, up 6% from AED 46.5 billion ($12.7 billion) during the same period last year.

Profitability rebounded after a low during the same period last year, with the Group reporting a 2017-18 half-year net profit of AED 2.3 billion ($631 million), up 77%.

This result was driven by capacity optimisation and efficiency initiatives across the company, steady business growth, and a more favourable foreign exchange situation compared to the same period last year.

The Group’s cash position on 30th September 2017 was at AED 18.9 billion ($5.2 billion), compared to AED 19.1 billion ($5.2 billion) as at 31st March 2017.