Emirates Group announces half-year performance for 2018-19
- Group: Revenue up 10% to AED 54.4 billion (US$ 14.8 billion), and profit of AED 1.1 billion (US$ 296 million), down 53%. Results impacted by significant increase in fuel cost, unfavourable currency movements, and one-time transaction in dnata.
- Emirates: Revenue up 10% to AED 48.9 billion (US$ 13.3 billion), and profit decline of 86% to AED 226 million (US$ 62 million). 30.1 million passengers carried, up 3%, on overall capacity expansion of 3%. Dubai’s attraction as a destination remains strong with the airline carrying 9% more customers to its hub city.
- dnata: Revenue up 11% to AED 7.0 billion (US$ 1.9 billion), profit up 31% to AED 861 million (US$ 235 million) includes gain of AED 320 million from one-time transaction. Without this transaction, the profit recorded would be down 18% compared to last year. 350,052 aircraft handled, up 6%, 1.5 million tonnes of cargo handled, up 2%.