Emirates in profit for the 28th year
Emirates carried a record number of 51.9 million passengers during its financial year 2015-16 when it recorded record profits, achieved steady business expansion – and secured its 28th consecutive year of profit.
The airline, which operates 126 non-stop flights per week from the UK to Dubai, including three daily flights from Birmingham, made profits of US$ 1.9 billion – an increase of 56 percent over the previous year, while Emirates Group profits realised US$2.2 billion.
Emirates, which has a total fleet of 251 aircraft, remains the world’s largest operator of the Boeing 777 and A380, while the group employs 95,000 people across its 80 companies and subsidiaries.
His Highness Sheikh Ahmed bin Saeed Al Maktoum, chairman and chief executive, Emirates Airline and Group, said that the group’s performance was testament to the success of its business model and strategies.
He added: “Our ongoing investments to develop our people and to our enhance business performance, enable us to react with agility to the new challenges and opportunities that every year brings. In 2015-16, the Group collectively invested over US$ 4.7 billion in new aircraft and equipment, the acquisition of companies, modern facilities, the latest technologies, and staff initiatives. These will build on our strong foundations, extend our competitive edge, and accelerate our progress towards our long-term goals.”