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FINANCIAL NEWS
Emirates Airlnies continueswith profitability and growth
07 Nov 2015
(MENAFN) The Emirates Group has announced its half-year results for 2015-2016 showing continued business growth and a strong performance.
The Emirates Group revenue reached $12.6 billion for the first six months of its 2015-2016 financial year down 2.3 percent from $12.9 billion during the same period last year reflecting the impact of the strong dollar against major currencies.
Sheikh Ahmed bin Saeed Al-Maktoum chairman and chief executive Emirates Airline and Group said: ‘Our top-line figures were hit hard by the strong dollar against other major currencies. The currency exchange situation combined with ongoing regional conflict and weak economic outlook in many parts of the world dampened the positive impact of lower fuel prices during the first half of our 2015-2016 financial year.’
During the first six months of the financial year Emirates received 13 wide-body aircraft eight A380s and five Boeing 777s.
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