Emirates reports half year profits of US$225m

Emirates airline produced a net profit of Dhs 827m (US$ 225m), for the first six months of its current financial year ending 30th September 2011. Emirates revenue, including other operating income, of Dhs 30.3bn (US$ 8.3bn) was higher by 15% compared with Dhs 26.4bn (US$ 7.2bn) recorded last year, largely reflecting improved passenger and cargo yields based on  increased fuel prices. Emirates’ cash position on 30th September remained strong with Dhs 13.8bn (US$ 3.8bn), compared to Dhs 14.0bn (US$ 3.8 bn) on 31 March 2011.