Emirates eyes more investments, growth as profits soar
Emirates will continue to carefully manage its costs over the coming years even as it eyes more investments and growth, the airline’s chairman said as its first-half profits more than doubled. Emirates reported its financial results for the first half of the 2017-2018 financial year ended Sept 30, 2017. Net profits saw a sharp 111% jump to AED1.7b (US$462m) compared toAED786m in the first half of last year. Revenues increased 6% to AED44.5b from AED41.9b from the earlier year period. “Our margins continue to face strong downward pressure from increased competition, oil prices have risen and we still face weak economic and uncertain political realities in many parts of the world,” said Ahmad Bin Saeed Al Maktoum, chairman and CE of Emirates airline and Group. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-11-10/unaligned/emirates-eyes-more-investments-growth-as-profits-soar
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Emirates eyes more investments, growth as profits soar
Emirates will continue to carefully manage its costs over the coming years even as it eyes more investments and growth, the airline’s chairman said as its first-half profits more than doubled. Emirates reported its financial results for the first half of the 2017-2018 financial year ended Sept 30, 2017. Net profits saw a sharp 111% jump to AED1.7b (US$462m) compared toAED786m in the first half of last year. Revenues increased 6% to AED44.5b from AED41.9b from the earlier year period. “Our margins continue to face strong downward pressure from increased competition, oil prices have risen and we still face weak economic and uncertain political realities in many parts of the world,” said Ahmad Bin Saeed Al Maktoum, chairman and CE of Emirates airline and Group. <br/>
