Emirates announced its half-yearly results which show steady performance and growth, despite a challenging business environment.
In the first half of its financial year 2014-15, Emirates Airlines’ volume of cargo uplifted was up by 5.4 per cent. It also reported continued business growth, both in terms of capacity on offer and traffic carried. Capacity measured in ASKM, grew by 6.5 per cent, whilst passenger traffic carried measured in RPKM was up 9.8 per cent with Passenger Seat Factor increasing and averaging at 81.5 per cent, compared with last year’s 79.2 per cent.
The Emirates Group revenues reached AED 47.5 billion (US$ 12.9 billion) for the first six months of its 2014-15 fiscal year, up 12 per cent from AED 42.3 billion (US$ 11.5 billion) from the same period last year. Net profit for the Group rose to AED 2.2 billion (US$ 607 million) an increase of 1 per cent over the last year’s results. The Group’s cash position on 30th September 2014 was at AED 16.1 billion (US$ 4.4 billion), compared to AED 19.0 billion (US$ 5.2 billion) as at 31st March 2014. This is due to ongoing investments mainly into new aircraft and other airline related infrastructure projects.