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Wednesday, November 30, 2022

A Half-Year Profit of a Record-Breaking $1.2 Billion for Emirates

BusinessA Half-Year Profit of a Record-Breaking $1.2 Billion for Emirates

The firm that runs the long-haul airline Emirates reported half-year earnings of a record-breaking $1.2 billion this year, the business stated on Thursday. This comes as worldwide travel has resumed after being restricted due to the coronavirus outbreak.

The statistics from the Emirates Group mark a significant improvement after the company reported a loss of $1.6 billion over the same period of time the previous year.

Emirates Group, which comprises the airline, its dnata airport services business, and other enterprises, reported sales of $15.3 billion, which is an increase from the $6.7 billion reported during the same period of time in the previous year. Between April and the end of September, Emirates was responsible for transporting 20 million passengers.

Sheikh Ahmed bin Saeed Al Maktoum, CEO and Chairman of Emirates, issued a statement in which he expressed his expectation that the company “will return to our track record of profitability at the conclusion of our entire financial year.”

In the midst of the epidemic, the emirate of Dubai, which is the ultimate owner of Emirates, issued a bailout in the amount of $4 billion, which the firm has began paying back.

The headquarters of Emirates are located at Dubai International Airport, which is the most popular airport in the world for international travel.

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