Emirates SkyCargo is flying high
The Emirates Group announced its half-year results for 2015-16, showing continued business growth and a strong performance
The Emirates Group revenue reached AED 46.1 billion (USD 12.6 billion) for the first six months of its 2015-16 financial year, down 2.3% from AED 47.2 billion (USD 12.9 billion) during the same period last year, reflecting the impact of the strong US dollar against major currencies.
The Group marked one of its best half-year profit performances ever, with net profit rising to AED 3.7 billion (USD 1.0 billion), up 65% over the last year’s results. Emirates carried 25.7 million passengers between 1 April and 30 September 2015, up 10% from the same period last year. The volume of cargo uplifted was up by 10% to reach 1.25 million tonnes, a solid performance that continues to buck the market trend.
During the first six months of the financial year Emirates received 13 wide-body aircraft – 8 A380s, and 5 Boeing 777s. It also retired 4 older aircraft, resulting in a net increase of nine new aircraft for its fleet, with 16 more new aircraft scheduled to be delivered before the end of the financial year (31st March 2016). Emirates also expanded its global route network by launching services to four new destinations – Bali, Multan, Orlando, and Mashhad. As of 30 September, the global network spanned 147 destinations in 79 countries. Bologna came online on 3rd November, and Panama City will be launched on 1st February 2016.
www.emirates.com