US$1.1b profit for Emirates Group

US$1.1b profit for Emirates Group

THE Emirates Group recorded a US$1.1b profit in 2017/18, with the company’s newly released annual report confirming Emirates Airline carried a record 58.5 million passengers.

The profit was up 67% on the prior year, with Australia a key driver of revenue, and sales in East Asia and Australasia up 12%.

Overall revenue jumped 8% to US$27.9 billion, with ceo Sheikh Ahmed bin Saeed Al Maktoum saying business conditions remained tough.

The year included major aircraft orders, with a US$15.1 billion deal for 40 Boeing 787-10s and $16b for 36 extra Airbus A380s.

Source: traveldaily