Flight carrier of UAE crossed their profit more than a double in the first half of 2017. The revenue goes up from Dh786 to Dh1.7 billion.
The Fly Emirates in a statement said that its revenues for the first half of the 2017-2018 financial year reached Dh44.5 billion, up 6 percent year-on-year. Emirates said the jump in earnings was driven by improved seat load factors, tight control on capacity deployment, and currency factors against the US dollar, to which the UAE dirham is pegged.
Meanwhile, Emirates Group, the parent company behind the airline and dnata, recorded Dh2.3 billion in net profit, marking a 77 percent year spike year-on-year, as revenues rose 6 percent to Dh46.5 billion in the first half of 2017.
Emirates also added that they will look to move forward, and will continue to keep a careful eye on costs while investing to grow our business and provide our customers with world-class products and services.
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