Emirates revenues up 32% on higher load factors - Emirates24|7

Emirates revenues up 32% on higher load factors

Emirates' revenue recorded an increase of 32.3 per cent to touch Dh39.5 billion compared to Dh29.8bn a year earlier, owing to improved yields and higher load factors on increased capacity as well as other operating gains.

Emirates Group's revenues, meanwhile, reached Dh41.2bn compared to the previous year's revenues of Dh31.1bn. The group's net margin also improved to 13.2 per cent from 11.4 per cent in the previous year.

Emirates' passenger seat factor, meanwhile, increased to 79.8 per cent from 76.2 per cent a year earlier. Passenger revenues increased 29.5 per cent to Dh28.1bn, while cargo revenues touched Dh6bn as against Dh5bn the previous year.

The carrier's cargo revenue, on the other hand, increased 10.9 per cent to 1.3 million tonnes.

Emirates said cargo revenue contributed 19 per cent to the airline's total transport revenue.

Dnata, meanwhile, recorded a strong revenue growth of 27.2 per cent to Dh2.6bn, compared with Dh2.1bn the previous year.

Overall, the Emirates Group's facilities/projects management department commissioned and opened Dh2.12bn worth of new buildings during 2007-08, including the new Emirates Group Headquarters, the Engineering Centre, Dnata Cargo's Free Zone Logistics Centre, The Harbour Hotel & Residence, and a new crew training college.

Projects currently in progress total Dh3.9bn, including new buildings in Dubai such as the Destination & Leisure Management Annexe, Emirates Call Centre and staff accommodation at Ras Al Khor, Al Majan and Media City. As of March 31, 2008, the group employed 35,286 staff, representing 145 different nationalities. During the year, the group hired more than 7,000 people.