Earnings

company posts record half-year profit of $2.7 billion

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Emirates airlines Boeing 777-31H(ER) takes off from Los Angeles international Airport on January 13, 2021.

Aaronp / Bauer-Griffin | GC Images | Getty Images

DUBAI, United Arab Emirates — Emirates Group posted its highest-ever half-year earnings, reporting net profit of 10.1 billion dirhams ($2.75 billion) for 2023-24 on rebounding demand.

The figure eclipsed its half-year profit of the previous year — 4.2 billion dirhams — by 138%.

The earnings beat was driven by strong demand for international travel, as the industry continues its recovery from the Covid-19 pandemic. Group revenue was 67.3 billion dirhams, up 20% from the previous year’s six-month revenue figure.

Emirates Group, the…



Source cnbc.com

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