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FINANCIAL NEWS
Dubai’s dnata revenue to rise 30 percent
30 Nov 2014
(MENAFN) Dnata Emirates Group’s services company, said that its annual revenue will register an increase by 30 percent to USD2.59 billion during its financial year ending on March 31, 2015, Arabian Business reported
The company said that the raise in revenue is going to be the result of the acquisitions it made in 2013-14, which included several travel agency businesses, as well as general growth of the business
dnata, which is part of the same family as Emirates Airline but operates separately, includes dozens of brands across cargo, ground handling services, travel agencies and the largest inflight catering business in the world.
During 2013-2014, the company’s acquisition deals included UK-based Stella Travel Services’ five brands, TravelBag, Travel2, Sunmaster, Global Travel Group and Triton Rooms, the 173-year-old British travel company Thomas Cook in USD74 million deal, which join the company’s other previous deals Travel Republic and its investments in Hogg Robinson Group and Mindpearl Group.
dnata also said that it plans to double its inflight catering operations to make more than 300.000 meals a day, as well as double the capacity of its laundry service that already processes more than 500.000 items daily.
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