Friday 16 November 2018 – 17:30
The Emirates Group announced its results each year 2018/2019, which showed a steady growth in revenue compared to the same period last year. However, profits have been affected by the significant increase in oil prices, currency fluctuations in some markets and other challenges facing the carrier and travel sector. General.
Emirates Group revenues were 54% AED (US $ 14.8 billion) for the first six months of the current financial year ending on September 30, 2018, 10 per cent of AED 49.4 billion ($ 13.5 billion)).
Gains rejected 53 per cent of compared to the same period last year. In the first half of the 2018/2019 financial year, the Group announced a net profit of AED 1.1 billion ($ 296 million). The decline in profit was due to a 37 per cent increase in fuel prices compared to the same period last year, as well as the negative effects of exchange rate fluctuations in some markets.
The Group's cash balances were 21.5 billion land ($ 5.9 billion) on 30 September 2018 compared to 25,4 billion land ($ 6.9 billion) as at 31 March 2018.
"Emirates and Dnata continued to grow steadily during the first half of FY2018 / 2019," Sheikh Ahmed bin Saeed Al Maktoum, CEO, Emirates Airline and Group said. "Demand for our products and high quality services remained high and our customers were held and attracting new customers. However, there are high fuel costs and low exchange rates in large markets such as India, Brazil, Angola and Iran have drained around 4.6 billion dollars of plow. "
"We are working in advance to manage the many challenges facing Emirates and the travel industry, including ongoing pressures on revenue, and the spectacular economic and political conditions in our region and elsewhere in the world. "We will continue to increase efficiency by applying innovative technologies and platforms."
"The next six months will be difficult, but the Emirates Group will continue to be strong, and I'm very pleased to see that our country and hub in Dubai continue to attract passengers from all over of the world. In the first half of FY2018 / 2019, 9 per cent in the number of customers who enjoy visiting Dubai compared to the same period last year, and we I am confident that demand for Dubai will continue to grow, especially as new attractions and preparations for Dubai Expo 2020 come to an end. Thanks to flexibility and ability to take advantage of Opportunities, we continue Investing to better serve our customers with high quality products that are valued. "
In the last six months, the number of employees in the Emirates Group has dropped by 1 per cent from 31 March 2018, from 103363 to 101,983, mainly due to the natural movement of workers and recruitment speed by adopting new techniques and methodologies developed in many departments & Group, This has contributed to the efficiency of operations and redistribution and available resources.