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FINANCIAL NEWS
Emirates airline’s profits soar 65 percent in H1
11 Nov 2015
(MENAFN) Emirates airline logged a 65 percent surge in its profits touching USD1 billion through the first six months of its current fiscal year, based on the latest reports.
In accordance, such an achievement was accomplished on the back of Emirates’ growing fleet and its unmatched purchase orders that have surpassed USD100 billion.
There’s a constant rise in the number of passengers and routes that has currently reached 145 destinations, and all these facts contribute undoubtedly to its current grounds.
Moreover, US and European airlines have admitted that GCC carriers in general receive great support from their governments, therefore creating an unequal competition.
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