São Paulo – This Monday (12th), the Emirates Group announced that it posted a net profit of US$ 575 million in the first half of the 2012-2013 fiscal year, from April to September. According to a statement released by the group, in the same period of fiscal year 2011-2012, net profit stood at US$ 343 million. In the first half of the ongoing fiscal year, revenues stood at US$ 10.4 billion. The Emirates Group comprises Emirates Airline and dnata, which supplies-flight meals, mileage programmes, and cargo transportation.
In the statement released by the group, the Emirates Airline & Group CEO Ahmed bin Saeed al Maktoum said the company has managed to grow “despite the precarious conditions of the market.” The main challenges faced were exchange rate fluctuations and fuel prices, which accounted for 39% of costs. During the six-month period, the company increased its personnel by 8%, and now has 68,000 employees.
Emirates Airline posted a profit of US$ 464 million, more than twice as much as in the preceding period. The supply of seats per kilometre was up 17.3% in the first six months of the current fiscal year, and revenue passenger kilometres were up 17.8%. Occupancy rates stood at 80% during the period.
From April to September this year, Emirates Airline carried 18.7 million passengers, up 15.4% from the first six months of the preceding fiscal year. The volume of cargo shipped was up 6%.
*Translated by Gabriel Pomerancblum
