Finance

Emirates Airlines is very profitable

Emirates Airlines ended the financial year on March 31 with a profit of $ 762 million. (AED 2.8 billion). That is 124 percent. more than at the end of March 2017. Revenues increased to 25.2 billion dollars. (92.3 billion AED). During the year they transported 58.5 billion passengers.

During the year, the carrier increased its offer by 2 percent. yoy. The report emphasizes that Emirates focused on increasing profit from transport. During this period, they received 17 new aircraft – eight Airbus A380 and nine Boeing 777-300ER. Also, eight older aircraft have withdrawn. As of March 31, 2018, the Emirates fleet consists of 268 aircraft.

In 2017-2018, Emirates made two large orders for 76 new aircraft with a total value of over USD 31 billion.

From April 2017 to the end of March this year. the airline from the United Arab Emirates has opened two new destinations – Phnom Penh in Cambodia and Zagreb in Croatia. The offer has also increased on 15 existing routes.

The Emirates Group is profitable for the 30th year in a row
The Emirates Group, which includes airlines, including Emirates SkyCargo, dnata and hotels, recorded a profit of $ 1.1 billion over the same period. (AED 4.1 billion). On the scale of the entire group, it increased by 67 percent. yoy. Its revenues increased by 8 percent. up to 27.9 billion dollars (AED 102.4 billion).