<p><strong>In the first half of the 2018-19 financial year, Emirates Airlines net profit is AED226 million ($62 million), down 86%, compared to last year.</strong></p><p>Emirates’ revenue, including other operating income, of AED48.9 billion ($13.3 billion) was up 10% compared with the AED44.5 billion ($12.1 billion) recorded during the same period last year.</p><p>Revenues were driven by increased agility in capacity deployment, and improved seat load factors despite fare increases reflect the healthy customer demand for Emirates’ products.</p><p>Emirates operating costs grew by 13% against the overall capacity increase of 3%.</p><p>On average, fuel costs were 42% higher compared to the same period last year, this was largely due to an increase in oil prices (up 37% compared to same period last year), as well as an increase in fuel uplift of 4% due to Emirates’ expanding fleet operations.</p><p>Fuel remained the largest component of the airline’s cost, accounting for 33% of operating costs compared with 26% in the first six months of last year.</p><p><a href="https://www.transportandlogisticsme.com/smart-air-freight/2018/11/18/emirates-group-announces-half-year-performance"><strong>Emirates Group Announces Half-year Performance</strong></a></p><p>During the first six months of 2018-19, Emirates received 8 wide-body aircraft – 3 Airbus A380s, and 5 Boeing 777s, with 5 more new aircraft scheduled to be delivered before the end of the financial year.</p><p>It also retired 7 older aircraft from its fleet with further 4 to be returned by 31 March 2019.</p><p>The airline’s long-standing strategy to invest in the most advanced wide-body aircraft enables it to improve overall efficiency and provide better customer experiences.</p><p>Emirates continues to offer ever better connections for its customers across the globe with just one stop in Dubai.</p><p>In the first six months of its financial year, Emirates launched new passenger services to Stansted (UK) and Santiago (Chile). It also introduced a new linked service from Dubai via Bali to Auckland. As of 30 September, Emirates’ global network spanned 161 destinations in 85 countries. Its fleet stood at 269 aircraft including freighters.</p><p>Emirates further developed its partnership with flydubai, offering customers even more benefits as both airlines combined their loyalty programme under Emirates Skywards.</p><p><a href="https://www.transportandlogisticsme.com/smart-air-freight/2018/11/14/emirates-skycargo-hits-major-milestones"><strong>Emirates SkyCargo Hits Major Milestones</strong></a></p><p>Customers also enjoy new flight choices as Emirates and flydubai continued to leverage their complementary networks to optimise flight schedules and offer new city-pair connections through Dubai, as well as open new routes including Kinshasa (Congo), Krakow (Poland), and Catania (Italy) in the first half of 2018-19.</p><p>Overall capacity during the first six months of the year increased a modest 3% to 31.8 billion Available Tonne Kilometres (ATKM).</p><p>Capacity measured in Available Seat Kilometres (ASKM), grew by 4%, whilst passenger traffic carried measured in Revenue Passenger Kilometres (RPKM) was up 6% with average Passenger Seat Factor rising to 78.8%, compared with last year’s 77.2%.</p><p>Emirates carried 30.1 million passengers between 1 April and 30 September 2018, up 3% from the same period last year.</p><p>The volume of cargo uplifted at 1.3 million tonnes is largely unchanged while yield improved by a healthy 11% .</p><p>This performance is the result of Emirates SkyCargo’s focussed investments in products and services tailored to key sectors, which gives it a strong competitive edge in a recovering global air freight market.</p><p><strong>Read More:</strong> <a href="https://www.transportandlogisticsme.com/smart-air-freight/2018/11/18/dnata-sees-steady-growth-in-2018"><strong>dnata Sees Steady Growth in 2018</strong></a></p>