16 MAY 2016

YOUR WORDS


Readers are invited to add their comments to any story. Click on the article to see and add.

BTN DISTRIBUTION

BTN also goes out by email every Sunday night at midnight (UK time). To view this edition click here.

Index

Email this Page
Bookmark

The Business Travel News
PO Box 758
Edgware HA8 4QF
United Kingdom
+44 (0)20 8952 8383
info@btnews.co.uk
© 2019 Business Travel News Ltd.

Article from BTNews 16 MAY 2016

Record profits for Emirates

A 28th consecutive year of profit and steady business expansion were announced on Tuesday by the Emirates Group.

The company, made up of the Emirates airline and air-service provider dnata, said it ended the 2015-16 financial year with record profits and in a strong position despite “global and operational challenges” during the period.

The group posted an AED8.2bn (US$2.2bn) profit for the year to 31 March 2016, up 50% from 2014-15. 

Group revenue reached AED93bn (US$25.3bn), 3% down, while the group’s cash balance increased strongly to AED23.5bn (US$6.4bn).

Chairman and chief executive Sheikh Ahmed bin Saeed Al Maktoum said the results had been achieved against an unfavourable currency situation which eroded revenues and profits.

Other factors were an uncertain global economic environment dogged by weak consumer and investor sentiment, and “ongoing socio-political instability in many regions”.

Emirates received 29 new aircraft, its highest number during a financial year, including 16 A380s, 12 B777-300ERs and one B777F, bringing its total fleet to 251 at the end of March. 

Nine aircraft were phased out, taking the average fleet age down to 74 months, about half the industry average.

The airline remains the world’s largest operator of the B777 and A380.

www.emirates.com

Index/Home page
 

OUR READERS' FINEST WORDS (All times and dates are GMT)

All comments are filtered to exclude any excesses but the Editor does not have to agree with what is being said. 100 words maximum


No one has commented yet, why don't you start the ball rolling?


Add your comment

First Name
Surname
Email Address
Company (Not obligatory)
Country/City
Comment
- You must be a registered subscriber using the email address entered to submit a comment, or you will be sent a confirmation email before your comment will appear.
- Your comment will be checked before appearing, which may take several working hours.
www.btnews.co.uk