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FINANCIAL NEWS
Emirates to expand its global route network
13 Nov 2014
(MENAFN) Emirates, Middle East’s biggest carrier, announced that it had expanded its global route network by launching services to four new destinations Abuja, Chicago, Oslo, and Brussels, Xinhua reported.
The company posted a net profit of USD514 million in the first half of the fiscal year 2014/2015, up 1 percent compared to the same period last year.
Emirates continued to make profits regardless of the “unprecedented external challenges” which resulted in suspending the highest number of routes in a year and temporarily ground part of its fleet due to the runway renovation at Dubai international airport.
The carrier’s home airport at Dubai international experienced a partial renewal of its runways, which forced the Emirates to reduce flights to over 40 destinations and to write off USD272 million for that period.
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