São Paulo – Emirates Airline, a company based in the United Arab Emirates, posted a net profit of US$ 925 million in the first six months of the 2010-2011 financial year, ended September 30th. There was growth of 351.2% compared with the same period of the previous financial year, when the figure was US$ 205 million.
The profit was a record for the period, according to information disclosed today (18th) by the company’s subsidiary in Brazil.
"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," stated Ahmed Bin Saeed Al-Maktoum, the president and CEO of Emirates, in a statement issued by the company.
During the period, the company transported 15.5 million passengers, and the occupancy rate in its flights was 81.2%.
Emirates SkyCargo, the company’s cargo transport division, increased its revenues by 48.4%, to US$ 1.2 billion. The cargo volume transported went from 725,000 tonnes to 897,000 tonnes.
In October, the company began operating cargo flights between the airports of Dubai and Viracopos, in the city of Campinas (Brazil), as previously announced by ANBA.
Emirates posted US$ 7.2 billion in revenues in the first half of the financial year, representing growth of 35.5% over the US$ 5.3 billion recorded in the same period of the previous financial year.
*Translated by Gabriel Pomerancblum
