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Emirates airline’s profit almost quadruples on cheaper fuel, cost cuts

Emirates, one of the world’s biggest international airlines, said on Thursday profit nearly quadrupled in the first half of the year, bouncing back from a decade low half-year profit a year ago.

Dubai-based Emirates, which is owned by the state, benefited from a decline in global fuel prices although it said it was hit by unfavourable currency movements.

Emirates has seen its profits bounce back.

Emirates has seen its profits bounce back.Credit:Bloomberg

The airline, which said last month its profits would be considerably better, made 862 million dirhams ($340 million) in the six months to September 30, compared to the 226 million dirhams it made a year ago.

Revenue fell 3 per cent to 47.3 billion dirhams with operating costs cut by 8 per cent, helped by the decline in fuel costs.

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