the republic logo

Fast-growing Emirates airline says its half-year profits up 65 percent to $849 million


DUBAI, United Arab Emirates — Emirates, the Middle East's biggest airline, says its half-year profits are up 65 percent due to low fuel costs and growing passenger demand.

Emirates, owned by the government of Dubai, announced its half-year earnings Thursday. It said it earned profits of 3.1 billion dirhams ($849 million) from April to September, up from 1.9 billion dirhams ($514 million) the same time last year.

Emirates said revenues were 42.3 billion dirhams ($11.5 billion), down 4.2 percent from last year's revenues of 44.2 billion ($12.0 billion). It blamed the strengthening U.S. dollar and lowering ticket prices for the decline.

Profits for the Emirates Group parent company, which includes the Dnata ground-handling business, rose to 3.7 billion dirhams ($1 billion) from 2.2 billion dirhams ($600 million).

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to and it will be forwarded to the appropriate editor or reporter.

We also have more stories about:
(click the phrases to see a list)


Follow The Republic:

All content copyright ©2015 The Republic, a publication of AIM Media Indiana unless otherwise noted.
All rights reserved. Privacy policy.