8-Nov-2019 12:13 PM

Emirates Group revenue down 2% in H1FY2019/20, net profit up 8%

Emirates Group reported (07-Nov-2019) the following financial highlights for H1FY2019/20:

  • Revenue: Declined 2% year-on-year to AED53.3 billion (USD14.5 billion). Emirates attributed this decline to planned capacity reductions during the 45 day southern runway closure at Dubai International Airport and unfavourable currency movements in Europe, Australia, South Africa, India and Pakistan;
  • Profitability: Net Profit grew 8% to AED1.2 billion (USD326.7 million). Emirates attributed this increase to a 9% decline in fuel prices. However, the gain from lower fuel costs were partially offset by negative currency movements. [more - original PR]

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