‎“Emirates” turns to profits of $1.09 bln in H1, supported by ‎travel recovery

The Dubai government-owned Emirates airline turned a record profit of four billion dirhams ($1.09 billion) in the first half of its 2022-2023 fiscal year, supported by strong demand and more countries easing or lifting travel restrictions related to Covid-19.

According to “Reuters”, the company incurred a loss of 5.8 billion dirhams in the same period last year. The Emirates Group, which includes the airline and other units, said in a statement today, Thursday, that revenues for the six months to September 30 jumped 131 percent to 50.1 billion dirhams.

The group attributed “this significant shift in performance to the strong demand for international travel across various markets.”

It stated that “to keep pace with the growth of capacity and commercial activities, the base of the Emirates Group’s employees expanded, compared to March 31, 2022, by ten percent, bringing the total number of employees to 93,893 on September 30. Emirates Airlines and its subsidiary Dnata services have also embarked on recruitment campaigns to support future requirements.”

Dnata recorded a total profit of 236 million dirhams, compared to 85 million dirhams a year ago.