Emirates Airline's first-half profit after tax fell 7% year-on-year to Dh8.7 billion ($2.4 billion), the company said on Thursday.
The company announced on its website that profits in the first half before tax amounted to 9.7 billion dirhams, an increase of 2% compared to the same period last year.
Revenues also increased by 5% during the same period to reach AED 62.2 billion.
The company attributed this growth in revenues to the continued strong demand for travel and air cargo across various markets and the carrier’s ability to provide valuable offers and high-quality services to customers.
Emirates Airlines Group recorded profits in the first half before tax of AED 10.4 billion, an increase of 1% compared to the same period last year.
While Emirates Group's profits in the first half after tax amounted to 9.3 billion dirhams, down 8% year-on-year.
But revenues rose 5% year-on-year to Dh70.8 billion during the same period.
Regarding dnata’s results, it achieved revenue growth in the first half of 11% year-on-year, recording AED 10.4 billion.
Established in 1959, dnata is a sister company of Emirates. Its operations include providing airline catering, baggage and cargo handling services. It also owns companies that sell holiday packages and provide travel booking services to individuals and companies.
dnata's profits before tax for the first half amounted to AED 720 million, down 5% compared to the same period of the previous financial year.
