Emirates', which has an order backlog of $68 billion for 204 aircraft on firm orders, contributes roughly 25 per cent to Dubai's economy, directly and indirectly.
Emirates reported a 351 per cent jump in net profits on Monday, with Dh3.4 billion ($925 million) for the first six months of its current financial year, ending September 30, 2010, compared to Dh752 million ($205 million) for the same period in 2009.
The airline's revenue, including other operating income, grew by 35.5 per cent to Dh26.4 billion ($7.2 billion) compared to revenue of Dh19.5 billion ($5.3 billion), for the same period last year. Fuel continues to be the most significant expense for the airline, with operating costs up 22.6 per cent to Dh23 billion ($6.3 billion).
The company, which has 201 aircraft on order, worth Dh249.76 billion ($68 billion) contributes an impressive 25 per cent to Dubai's economy.
"Emirates achieved the growth by carrying 15.5 million passengers and recording a strong passenger seat factor at 81.2 per cent, the highest ever for a first six month reporting period. Premium class seat factors have also risen by 2.6 percentage points, reflecting an encouraging change in the global economic outlook," the airline said in a statement.
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gulfnews : Emirates reports 351 per cent jump in first half net profits