Emirates report its best ever half year results

Strong passenger and cargo demand coupled with better yields has helped Middle East airline giant Emirates report its best ever half year results with a net profits of US$236 million. Strong passenger and cargo demand coupled with better yields has helped Middle East airline giant Emirates report its best ever half year results with a net profits of US$236 million. Emirates’ Chairman, HH Sheikh Ahmed bin Saeed Al-Maktoum, credited the pepped up results to a very good first quarter, which helped the airline tide over the effects of higher fuel prices in the second quarter.

“This is still affecting our performance and has forced us to adopt some stringent cost-containment measures, like a hiring freeze on non-operational staff. We are looking constantly for other cost savings everywhere.”

He added: “Those measures have helped, but by themselves alone they have not been enough to offset the huge increase in our fuel bills. That’s why we also had to implement the ticket surcharges recommended by the Dubai Board of Airline Representatives.”

A Emirates statement Wednesday said the results, based on unaudited financial figures, “are Emirates’ best ever for any six-month period