Emirates Airline doubles profit in 2017-18
Emirates Airline has posted 124% profit growth for its most recent financial year, delivering a AED2.8b (US$762m) profit despite “strong competitive pressure across all markets” and higher fuel prices. For the 12 months ended March 31, passenger numbers rose 4% to 58.5m, pushing load factor up 2.4 points to 77.5%. “The increase in passenger seat factor compared to last year’s 75.1%, is a result of successful capacity management in response to political uncertainty and strong competition in many markets, despite a moderate 2% increase in seat capacity,” Emirates said May 9. Emirates had to adjust fare levels because of this difficult backdrop, but revenues still grew 9% to AED92.3b. The airline said revenues are “well-balanced,” with none of its 6 regions contributing more than 30% of overall revenues. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-05-10/unaligned/emirates-airline-doubles-profit-in-2017-18
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Emirates Airline doubles profit in 2017-18
Emirates Airline has posted 124% profit growth for its most recent financial year, delivering a AED2.8b (US$762m) profit despite “strong competitive pressure across all markets” and higher fuel prices. For the 12 months ended March 31, passenger numbers rose 4% to 58.5m, pushing load factor up 2.4 points to 77.5%. “The increase in passenger seat factor compared to last year’s 75.1%, is a result of successful capacity management in response to political uncertainty and strong competition in many markets, despite a moderate 2% increase in seat capacity,” Emirates said May 9. Emirates had to adjust fare levels because of this difficult backdrop, but revenues still grew 9% to AED92.3b. The airline said revenues are “well-balanced,” with none of its 6 regions contributing more than 30% of overall revenues. <br/>
