Dubai 2007: Emirates flies to record profit

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Emirates Airline has announced another record performance for the first six months of its current financial year, with net profits of $643 million, up 99% against $ 323m for the same period last year. The strong performance was driven by higher passenger demand and higher yields. Net margin was 13.7% compared to 8.7% a year ago.

H.H. Sheikh Ahmed bin Saeed Al-Maktoum, Emirates’ chairman and chief executive said: “Looking at the next six months, fuel costs remain a serious challenge for us with the price of crude oil now heading towards $100 per barrel. However, I remain confident that Emirates is well positioned to address these challenges and continue our profitable growth.”


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