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FINANCIAL NEWS
Emirates targets double-digit passenger growth in FY 2014-15
22 Nov 2014
(MENAFN) Emirates Airlines is targeting double-digit passenger growth in its current financial year despite a first quarter operational slowdown and an unstable global environment, Gulf News reported.
The world’s largest airline by international passenger traffic is expecting to reach 50 million passengers in the 2014-15 fiscal year, the airline’s executive vice president and chief operations officer said.
The airline carried 44.5 million passengers in the previous fiscal year, meaning it is targeting a 12.35 percent increase. This would put growth slightly less than the 13.1 percent seen in the previous financial year.
The cargo saw capacity constraints during its first and second quarter when it grounded up to 23 aircraft over 80 days during runway repair works at Dubai International.
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