Emirates airline back in profit after Covid losses
Dubai, UAE – Emirates has bounced back into the black
after its losses during the pandemic, the airline said on Thursday, announcing a Us$1.1bn profit and a half-year record for the group.
Revenues at the Middle East's biggest carrier surged 131 per cent to Us$13.7bn in the first half of the financial year starting in April, compared to a year earlier.
Emirates Group, which includes the airline and air services provider dnata, clocked a record
Us$1.2bn half-year profit which "reflects strong turnaround and recovery" after a Us$1.6bn loss last year.
"Across the group, our operations recovery accelerated as more countries eased and removed travel restrictions," Sheikh Ahmed bin Saeed al Maktoum, chairman and chief executive of Emirates airline and
group, was quoted as saying.