Emirates airlines swings to H1 $1.09 bln profit on travel recovery

Dubai state-owned airline Emirates swung to a record profit of 4b dirhams ($1.09b) in H1 of of its 2022/2023 financial year, buoyed by strong demand and the easing and removal of pandemic restrictions across the world. The flag carrier reported a loss of 5.8b dirhams the year earlier. Revenues for six months to Sept. 30 jumped 131% to 50.1b dirhams, Emirates Group, which includes the airline and other units, said in a statement on Thursday. "The airline’s strong turnaround performance is driven by strong passenger demand for international travel across markets." The Group said its employee headcount increased by 10% to 93,893 staff as both the airline and the group's airport services subsidiary dnata, "have embarked on targeted recruitment drives to support their future requirements".<br/>