Freight News, Business, Air

Emirates Group Half-Year Performance Revealed

[ November 11, 2015   //   ]

Half-year 2015-2016 results for Emirates Group show continued business growth and a strong performance.
Group: Profit up 65% to $1.0 billion, revenue of $12.6 billion negatively impacted by the strong US dollar.
Emirates: Continued profitability and growth with 25.7 million passengers carried (up 10%); fleet expanded by nine new aircraft (14% increase in capacity)
dnata: Double-digit revenue and profit growth driven by first time consolidation of major international acquisitions Stella Group and Toll dnata
The Group’s cash position on Sept. 30, 2015 was $4.0 billion, compared to $5.5 billion as of March 31, 2015. This is due to ongoing investments mainly into new aircraft, airline related infrastructure projects, and business acquisitions.