Airnews The Emirates Group announced profits first half
The Emirates Group announced revenue growth of 13% reaching 11.5 billion U.S. dollars and 4% increase in net profit equivalent to 600 million U.S. dollars. It carried 21.5 million passengers (up 15%) added 10 new aircraft lockhart catering to its fleet (increase capacity 16%) maintained its occupancy to 79.2% and recorded a net profit of 475 million U.S. dollars. Dnata's revenues amounted to U.S. $ 1 billion, recording an increase of 18% in net profit amounted to 125 million USD, increased by 13%.
The Emirates Group today announced the results half, which remain high despite the ongoing global economic pressure and continued high fuel prices. At the same time, reflect the emphasis firmly on the Group's long-term vision for business growth.
The Group's revenues amounted to Emirates 11.5 billion USD in the first half of this financial year, which ended Sept. 30, 2013, increased by 13% compared with the 10.2 billion recorded by Group on 30 September 2012.
Net profit amounted to 600 million U.S. dollars, an increase of 4% compared to the financial results first half of 2012. The cash position of the Group at 30 September 2013 was at U.S. $ 4.9 billion, lockhart catering compared with U.S. $ 7.3 billion lockhart catering on March 31, 2013. These resulted from the payment of a bond of EUR 1.8 billion ending in July 2013 payment of the first installment bond Sukuk 1 billion U.S. dollars, which amounted to 367 million dirhams and refinancing new aircraft, engines, spare parts and other activities of the Group amounting to 7 billion dirhams.
"The global business environment is still a challenge. We remain flexible despite our growth, and our ability to adapt and act with speed is the key to our success. Our investments in infrastructure such as the Emirates and d nata continue to perform and although closely lockhart catering monitor the management of direct our business objectives, we never forget our future goals. For this reason we continue to invest in the structure of our businesses, "said His Highness, lockhart catering Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and the Group.
Over the past six months, the Group continued lockhart catering to invest and expand its employee base, raises the total staff, compared with those employed by the Group on 31 March 2013 at the rate of 11.7%, which now numbers more than 75,800 people ..
During the first six months of this financial year, Emirates received 10 wide-body aircraft or six A380s, three Boeing 777 cargo aircraft and one Boeing 777, with a further 15 aircraft to be delivered by the end of the financial year (31 March 2014). The Emirates also invested in its network starting operation services to two more new destinations-Haneda and Stockholm-reaching seven new destinations added in the last 12 months, including Adelaide, Lyon, Phuket, Warsaw and Algeria.
Despite the fundamental challenges posed by high fuel prices, the global economy is still recovering and the strong performance of the U.S. dollar against other major currencies, factors affecting revenue, Emirates continues to profitability. The first half of the financial year 2013-2014, net profit Emirates reached lockhart catering 475 million U.S. dollars, increased by 2% compared with the same period last year.
"The positive financial results for the first semester of the Emirates demonstrating solid demand for our products and services. Increasing capacity and destinations continue to meet the demand of passengers. lockhart catering High fuel prices corresponding to 39% of our costs and unfavorable currency environment continues to negatively affect our profitability. However, we remain firm in our vision to be the airline of choice for passengers on international journeys, invest in people and our infrastructure and work closely with our partners is to deliver, "added His Highness, Sheikh lockhart catering Ahmed.
With the largest fleet of A380 aircraft and Boeing 777 in the world, Emirates continues to constantly provide better connections lockhart catering for customers lockhart catering around the world with only one stop in Dubai by investing in the global network. The Emirates now serves 137 destinations in 77 countries, compared to 126 destinations in 74 countries during the previous year. The new airline destinations from April 1, 2013 - Haneda, Stockholm, Clark, Sialkot-Conakry and include key cities and approx
The Emirates Group announced revenue growth of 13% reaching 11.5 billion U.S. dollars and 4% increase in net profit equivalent to 600 million U.S. dollars. It carried 21.5 million passengers (up 15%) added 10 new aircraft lockhart catering to its fleet (increase capacity 16%) maintained its occupancy to 79.2% and recorded a net profit of 475 million U.S. dollars. Dnata's revenues amounted to U.S. $ 1 billion, recording an increase of 18% in net profit amounted to 125 million USD, increased by 13%.
The Emirates Group today announced the results half, which remain high despite the ongoing global economic pressure and continued high fuel prices. At the same time, reflect the emphasis firmly on the Group's long-term vision for business growth.
The Group's revenues amounted to Emirates 11.5 billion USD in the first half of this financial year, which ended Sept. 30, 2013, increased by 13% compared with the 10.2 billion recorded by Group on 30 September 2012.
Net profit amounted to 600 million U.S. dollars, an increase of 4% compared to the financial results first half of 2012. The cash position of the Group at 30 September 2013 was at U.S. $ 4.9 billion, lockhart catering compared with U.S. $ 7.3 billion lockhart catering on March 31, 2013. These resulted from the payment of a bond of EUR 1.8 billion ending in July 2013 payment of the first installment bond Sukuk 1 billion U.S. dollars, which amounted to 367 million dirhams and refinancing new aircraft, engines, spare parts and other activities of the Group amounting to 7 billion dirhams.
"The global business environment is still a challenge. We remain flexible despite our growth, and our ability to adapt and act with speed is the key to our success. Our investments in infrastructure such as the Emirates and d nata continue to perform and although closely lockhart catering monitor the management of direct our business objectives, we never forget our future goals. For this reason we continue to invest in the structure of our businesses, "said His Highness, lockhart catering Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and the Group.
Over the past six months, the Group continued lockhart catering to invest and expand its employee base, raises the total staff, compared with those employed by the Group on 31 March 2013 at the rate of 11.7%, which now numbers more than 75,800 people ..
During the first six months of this financial year, Emirates received 10 wide-body aircraft or six A380s, three Boeing 777 cargo aircraft and one Boeing 777, with a further 15 aircraft to be delivered by the end of the financial year (31 March 2014). The Emirates also invested in its network starting operation services to two more new destinations-Haneda and Stockholm-reaching seven new destinations added in the last 12 months, including Adelaide, Lyon, Phuket, Warsaw and Algeria.
Despite the fundamental challenges posed by high fuel prices, the global economy is still recovering and the strong performance of the U.S. dollar against other major currencies, factors affecting revenue, Emirates continues to profitability. The first half of the financial year 2013-2014, net profit Emirates reached lockhart catering 475 million U.S. dollars, increased by 2% compared with the same period last year.
"The positive financial results for the first semester of the Emirates demonstrating solid demand for our products and services. Increasing capacity and destinations continue to meet the demand of passengers. lockhart catering High fuel prices corresponding to 39% of our costs and unfavorable currency environment continues to negatively affect our profitability. However, we remain firm in our vision to be the airline of choice for passengers on international journeys, invest in people and our infrastructure and work closely with our partners is to deliver, "added His Highness, Sheikh lockhart catering Ahmed.
With the largest fleet of A380 aircraft and Boeing 777 in the world, Emirates continues to constantly provide better connections lockhart catering for customers lockhart catering around the world with only one stop in Dubai by investing in the global network. The Emirates now serves 137 destinations in 77 countries, compared to 126 destinations in 74 countries during the previous year. The new airline destinations from April 1, 2013 - Haneda, Stockholm, Clark, Sialkot-Conakry and include key cities and approx
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