São Paulo – The Emirates Group posted US$ 11.5 billion in revenues in the first half of its 2013-2014 fiscal year (April to September), up 13% from the same period of last year. Net income was up 4% to US$ 600 million during the period. The figures include Emirates airline and dnata, the company’s ground handling division. The information was released this Tuesday (12) in a press statement.
From April to September this year, Emirates carried 21.5 million passengers, up 15% from the same period last year. The occupancy rate at Emirates flights remained level at 79.2%, and net income stood at US$ 475 million. dnata revenues amounted to US$ 1 billion, at a net income of US$ 125 million.
“The global business environment continues to be challenging. We have stayed agile even as we grow, and this ability to adapt and act quickly has been key to our success. Our investments in the infrastructure of both Emirates and dnata continue to pay off and while we keep a close watch on managing our immediate business targets, we never lose sight of our long-term goals, and that is why we continue to invest to build the business,” said Emirates Group chairman and CEO Ahmed Bin Saeed Al Maktoum, according to the statement.
The Emirates Group also increased its staff by 11.7% to 75,80. Ten new aircraft were added to the company’s fleet.
“Emirates’ half-year scorecard shows a steady demand for our products and services. Our capacity and route growth continue to match and meet passenger demand. High fuel prices, accounting for 39% of our expenditures, and the unfavourable currency exchange environment continue to eat into our profits. However, we remain steadfast in our vision to be the airline of choice for international air services, and we will invest in our people and our infrastructure, and work closely with our partners to bring this to fruition,” said Maktoum.
*Translated by Gabriel Pomerancblum
