Net Profit Rises at Emirates Airline

Emirates Airline, the largest carrier in the world in international traffic, said its profit for the first half was up 8% amidst a turbulent international environment for global aviation this year.

The airline, based in Dubai, said its net profit during the first half of 2014 was $514 million, which was 8% higher than the same period last year. Revenue for the period was $12 billion, which represented an increase of 11% from the same period a year ago.

During the first half of the year, the airline said 38% of its operating costs were in just fuel.

Emirates said it had carried over 23.2 million passengers from April 1 through September 30, which was an 8.4% increase from the same period in 2013.

The aviation industry has been troubled this year due to conflict across the Middle East, the Ebola epidemic in West Africa and two aviation disasters at Malaysia Airlines.

Despite the challenges in the industry, Emirates said it had expanded its global network of routes by launching service with four new destinations that included Chicago, Brussels, Oslo and Abuja.

In all Emirates has 146 destinations across 83 countries, which is up from 137 destinations across 77 countries during the same period a year ago.

Emirates, which now is the largest operator of both the Boeing 777 and Airbus A380 received another 13 aircraft during the first six months, including 7 Boeing 777s and 6 A380s.

It has 11 new aircraft that are scheduled for delivery prior to the end of its fiscal year March 31, 2105.

The Emirates Group, which involves a number of companies, such as hotels, an airport operator and a tour operator reported profit for the first half of $607 million, which was an increase of 1% of the prior year.

Going forward the airline industry will be aided when the Ebola epidemic decreases and when the ongoing conflicts in both Syria and Iraq are resolved.

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